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processes, streamlining
workflows, and exploring
fresh business models.
The primary objective of
the IFIA RIT Department
is to transition from idea
generation to successful
commercialization. This
journey necessitates
a comprehensive
understanding of market
requirements, customer
preferences, and the
competitive landscape.
Furthermore, they must
establish a clear strategy for
bringing their ideas to the
market, including securing
funding, safeguarding
intellectual property,
The IFIA Research Innovation Teams Department and cultivating a robust
comprises groups of individuals who collaborate network of partners and
to generate, develop, and commercialize novel collaborators. Ultimately,
ideas and products. The IFIA RIT Department the triumph of an innovative
typically consists of individuals from diverse team hinges on its capacity
IFIA Magazine September 2024 SPECIAL PROJECTS FOR IFIA MEMBERS IFIA Research Innovation Teams – RIT creative solutions. Innovative teams are commonly in a manner that fulfills
backgrounds and fields of expertise who work to execute its ideas and
together to identify opportunities and devise introduce them to the market

found in organizations that prioritize creativity customer needs and delivers
and innovation, playing a pivotal role in propelling value to stakeholders.
growth and enhancing competitiveness.
RIT Purpose:
IFIA
Research
the
The ambitious plans of the IFIA Research Innovation At
Teams Department frequently revolve around Innovation
Teams
groundbreaking products or services that cater unleash the latent potential
to unmet needs or challenges. These plans may residing within innovators
also encompass enhancing existing products or and idea proprietors. We do
80 5 recognizing new market opportunities and creating Department, our purpose is to