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IFIA Magazine
March 2024

Report

The Research Innovation Teams (RIT)
comprises several teams whose objective The primary objective of this consortium
is to develop ideas and furnish innovative is to assist innovators, inventors, and idea
solutions for various industries worldwide. proprietors in transforming their concepts
Indeed, it maintains that innovation is pivotal into successful products by offering a
to addressing some of the world’s most comprehensive array of services. The process
VLJQLƓFDQW FKDOOHQJHV DQG LV GHGLFDWHG initiates with ideation, wherein ideas undergo
to supporting individuals and teams who UHƓQHPHQW DQG GHYHORSPHQW 6XEVHTXHQWO\
espouse this vision. research and development ensue, where the
technical team utilizes their expertise to craft
These teams comprise experienced prototypes and conduct product feasibility
professionals possessing diverse skills testing. Following product development,
DFURVV YDULRXV ƓHOGV LQFOXGLQJ UHVHDUFK support is extended in branding and marketing
and development of innovative ideas, endeavors to optimize their potential and
prototyping and product creation, branding, target audience reach. Ultimately, the process
commercialization of ideas, and even providing encompasses product commercialization and
WUDLQLQJ WR LQYHQWRUV ZRUOGZLGH ,W ƓUPO\ WKRURXJK UHYLHZ RI OHJDO DQG ƓQDQFLDO DVSHFWV
EHOLHYHV WKDW LGHDV FDQ ŴRXULVK DFURVV GLIIHUHQW For the past three years and since 2020,
domains within an innovative environment, RIT teams have operated independently,
whether as an individual inventor, innovator, DFKLHYLQJ VLJQLƓFDQW LQQRYDWLRQ PLOHVWRQHV
or as part of a larger team. and providing training to numerous inventors