Innomantra

Innomantra Innomantra is India’s leading Digital, Innovation and Intellectual property Consulting and Service We are headquartered in Bengaluru, India

Innomantra is India’s leading Innovation and Intellectual property consulting and services firm. We help organisations to design and achieve their innovation and Intellectual property goals by 3x Our clients range from small entrepreneurial enterprises to Fortune Global 500 organisations.

Wayfinding What’s Next? — Bringing Innovation Practice to the ClassroomInnomantra Leadership at Institute of Management ...
19/08/2026

Wayfinding What’s Next? — Bringing Innovation Practice to the Classroom
Innomantra Leadership at Institute of Management Technology, Nagpur

On 17th August 2026, Mr. Lokesh Venkataswamy, CEO & Managing Director, Innomantra, was invited to Institute of Management and Technology, Nagpur to engage with more than 250 postgraduate students on a topic: “Wayfinding What’s Next? The Strategic Imperative for Growth in the GenAI Era.” As part of the Strategic Management course led by Prof. Dr. Shyam Sreekumaran Nair, Associate Professor, Strategy, Economics and General Management, the session brought a real-world practitioner’s perspective into the classroom, connecting strategic frameworks with the challenges leaders face while navigating AI, innovation, growth and evolving business models.

Rather than viewing GenAI simply as a technology story, the discussion explored it as a strategic inflection point—one that is compelling organisations to rethink how they create value, build capabilities and prepare for an uncertain future. Drawing on industry experiences, real-world examples and practical insights, the interaction encouraged students to look beyond theory and ask a fundamental question: How do we turn strategic thinking into action? A stimulating exchange with tomorrow’s leaders—and a reminder that some of the most valuable learning happens when theory meets practice, and curiosity meets experience.

In the Picture : Prof. Dr. Shyam Sreekumaran Nair, welcoming Mr. Lokesh Venkataswamy to IMT Nagpur.
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Suchetha M.S | Lokesh Venkataswamy | Dr. Kumudhini Ravindra I Dr. Muthukumaraswamy D P K | Rakesh Babu K.L | Dr. Tojin Thomas Eapen | Seshu Karthick T | Dr. Shyamsunder Mandayam | Sajid Khetani | Roseline ILORI | Magnus Karlsson - Systematic Innovation Management | Gunnar Storfeldt – Systematic Innovation Management | somasundar chidambaram | NagarajaKumar Krishnaswamy | Vinay (M.S) Simha | Damodhar Paleti | Shreyas Bharadwaj | Stephanos George Eapen | Sumant Sood
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Innomantra Leadership Meets Prof. Dr. Bhimaraya Metri, Director,Indian Institute of Management Nagpur - Advancing Instit...
18/08/2026

Innomantra Leadership Meets Prof. Dr. Bhimaraya Metri, Director,
Indian Institute of Management Nagpur - Advancing Institution Building, Innovation Management and India’s Competitiveness

On August 16, 2026, Mr. Lokesh Venkataswamy, CEO and Managing Director of Innomantra, met Prof. Dr. Bhimaraya Metri, Director, Indian Institute of Management Nagpur, for a conversation on institution building, innovation and India’s emerging competitiveness. Prof. Dr. Metri has played a significant role in building and strengthening institutions, with leadership experience across BITS Pilani, MDI Gurgaon, L&T Project Management Institute, IIM Tiruchirappalli and IIM Nagpur and others. Innomantra congratulates him on beginning his second term at IIM Nagpur.As Chair of ISO/TC 279, responsible for the ISO 56000 series on Innovation Management System, Prof. Dr. Metri has led to positioning innovation management as an important discipline for organizational competitiveness.

This work closely aligns with Innomantra’s commitment to building India’s innovation ecosystem with it’s global thought leadership in Innovation. Mr.Lokesh Venkataswamy and Dr. Kumudhini Ravindra, Principal – Innovation Strategy and Standards, Innomantra, are part of the panel contributing to this important journey. The conversation reinforced a simple but powerful idea: India’s next competitive advantage will not come only from innovating more, but from building organisations that can , and at .

In the pic : Prof.Dr. Metri presenting a IIM Nagpur Memento to Mr. Venkataswamy.

Pic courtesy : IIM Nagpur
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The most consequential gap in innovation today is between who invents and who can systematically turn that invention int...
14/08/2026

The most consequential gap in innovation today is between who invents and who can systematically turn that invention into economic value.

WIPO's World Intellectual Property Report 2026 makes this visible with precision. The United States reuses a breakthrough invention originating from India three times faster than India reuses it domestically.

India takes an average of eleven years to build upon one of its own breakthrough inventions. The United States does so in three.

This is not a reflection of the quality of India's ideas. It is a reflection of the absorptive capacity that leading innovation ecosystems have built over decades: the institutional infrastructure, the knowledge networks, the IP frameworks, and the governance systems that connect an invention to its next application at speed.

WIPO identifies absorptive capacity as one of four critical factors determining how quickly and widely technology diffuses. Absorptive capacity is the ability of an organization or economy to understand, adapt, and apply new knowledge.

It is built through education, research institutions, global knowledge networks, and the management systems that govern how knowledge moves from discovery to deployment.

This is the leadership challenge the report names, and it operates at the organizational level just as clearly as it does at the national one.

Organizations that generate ideas without the system to evaluate, develop, and deploy them face the same structural gap that WIPO identifies at the country level. The invention exists. The value does not follow automatically.

The answer, as ISO 56001:2024 now formally defines, is a governed Innovation Management System: the process, governance, and leadership commitment that ensures every idea that matters finds its path from origination to measurable impact.

Building that system is the leadership priority that separates organizations that innovate consistently from those that innovate occasionally.

India's innovation potential is substantial and well established. The opportunity is to build the institutional and organizational capability that ensures that potential reaches its full economic expression.

Happy Innovating!

Innovation is no longer a periodic initiative.It is becoming the operating system for sustainable growth.The organizatio...
11/08/2026

Innovation is no longer a periodic initiative.

It is becoming the operating system for sustainable growth.

The organizations creating the greatest value today are not necessarily the largest or the most established. They are the ones that can innovate faster, learn faster, and adapt faster than the markets around them.

Across industries, a new innovation playbook is emerging.

- Innovation cycles are shrinking from years to weeks.
- AI is accelerating ideation, experimentation, and ex*****on.
- Customer insights are shaping products in near real time.
- Cross-functional collaboration is replacing organizational silos.
- Continuous learning is becoming a competitive advantage.

This isn't about doing more innovation. It's about building an innovation capability that delivers measurable business outcomes.

Five principles will define the next wave of innovation:

1. Accelerate innovation decisions.
Speed is now a strategic differentiator.

2. Innovate through rapid experimentation.
Test, learn, refine, and scale faster than the competition.

3. Amplify innovation with AI.
Use AI to augment creativity, improve decision-making, and accelerate ex*****on across the enterprise.

4. Keep innovation customer-led.
The most successful innovations begin with evolving customer needs, not internal assumptions.

5. Build an Innovation Management System.
Sustainable innovation is not driven by isolated workshops or breakthrough ideas. It is enabled by governance, leadership, culture, processes, and continuous learning.

The next decade will not be defined by who has the best ideas.

It will be defined by who can systematically innovate, execute, and scale those ideas faster than everyone else.

Innovation is becoming the operating system for sustainable growth. The organizations building that system today are the ones that will define their industries in the decade ahead.

"Daring ideas are like chessmen moved forward; they may be beaten, but they may start a winning game".- Johann Wolfgan...
10/08/2026



"Daring ideas are like chessmen moved forward; they may be beaten, but they may start a winning game".
- Johann Wolfgang von Goethe (1749 – 1832)
A Poet, Playwright, Novelist, Scientist, Statesman, Theatre-Director, and Critic

Gartner published "Innovate Faster and Better With AI-Enabled Innovation Platforms," its central finding was this:The or...
04/08/2026

Gartner published "Innovate Faster and Better With AI-Enabled Innovation Platforms," its central finding was this:

The organizations leading on innovation through 2029 are beyond generating more ideas. They are building a governed process that moves ideas from generation through evaluation and into ex*****on, with defined accountability at every stage.

Peter Drucker said it decades ago:

"Systematic innovation therefore consists in the purposeful and organized search for changes, and in the systematic analysis of the opportunities such changes might offer for economic or social innovation." The Gartner finding simply confirms that most organizations have not yet built that system.

This is a meaningful shift in how innovation is understood at the enterprise level.

Organizations investing seriously in innovation today are funding design sprints, open innovation programes, and cross-functional workshops. These create genuine value. The next step, which the most capable organizations are taking, is connecting the output of those sessions to a pipeline that leadership can see, act on, and report against.

A governed innovation management system does four things that an informal process cannot.

- It maintains a visible pipeline where every idea carries a status and a next step.

- It evaluates ideas against defined business criteria rather than room consensus.

- It traces outcomes back to their origin so the organization understands what its innovation portfolio is producing.

- It produces an innovation return that can be reported at board level with a number and a timeline.

Gartner's 2025 Market Guide for Innovation Management Platforms notes that AI and machine learning are now being embedded directly into the evaluation stage, enabling faster scoring, more consistent prioritization, and better portfolio visibility across the full innovation pipeline.

Across sixteen years of working with Fortune 500 organizations and global enterprises, Innomantra has built its practice around exactly this principle: that innovation must be designed as a system, not convened as an event. The work of connecting strategy to ex*****on, and ex*****on to a measurable return, is where durable competitive advantage is built.

The data a structured innovation pipeline generates becomes more valuable the longer it operates. Organizations building this system now are accumulating institutional knowledge about what their innovation investments produce, and that knowledge compounds with every cycle.

Discover Design Thinking for Startups Series-IILed by Mr. Rakesh Babu K.L., COO & Executive Director, Innomantra at SJCE...
03/08/2026

Discover Design Thinking for Startups Series-II

Led by Mr. Rakesh Babu K.L., COO & Executive Director, Innomantra at SJCE STEP Mysore, India

On July 31, 2026, SJCE-STEP hosted the Discover Design Thinking for Startups Masterclass Series-II , bringing together startup founders for a day of immersive learning focused on innovation, customer-centric problem solving, and venture creation. Facilitated by Innomantra leadership, Mr. Rakesh Babu K L, COO & Executive Director, Innomantra the masterclass combined proven design thinking frameworks with hands-on application, enabling participants to tackle real business challenges.

Throughout the series, founders uncovered customer insights, reframed complex problems, generated innovative solutions, and validated their ideas through structured design thinking exercises. The session concluded with each team presenting refined concepts.

The presentations demonstrated how innomantra’s Discover Design Thinking Framework with Functional Innovation® helps early-stage ventures reduce uncertainty, sharpen value propositions, and accelerate the journey from ideas to market-ready solutions. As India's startup ecosystem evolves, programs that combine practical methodologies with experiential learning are becoming essential for building resilient, scalable businesses. In the picture with cohort.
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Innovation is a strategic priority in almost every organisation. Yet many continue to manage it with the same systems de...
03/08/2026

Innovation is a strategic priority in almost every organisation. Yet many continue to manage it with the same systems designed for operational excellence.

That is a costly mistake.

Operations are optimised for predictability, efficiency, and risk reduction. Innovation, by contrast, creates value by exploring uncertainty. Applying operational metrics too early to innovation often discourages the very behaviours organisations seek—experimentation, learning, and discovery.

The distinction is straightforward:

Ex*****on reduces uncertainty. Innovation learns through it.

This explains why many breakthrough ideas struggle to gain traction. Leaders encourage bold thinking but expect detailed business cases and predictable returns before the first experiment. While financially prudent, this approach assumes certainty exists before evidence has been created.

The most innovative organisations invert that sequence.

Rather than waiting for confidence, they build it through rapid, low-cost experiments. They treat experimentation not as a substitute for discipline, but as the mechanism that generates evidence for better decisions.

Over decades of working with organisations across manufacturing, engineering, healthcare, automotive, technology, and services, I have observed that the primary constraint is rarely a shortage of ideas. It is the absence of a systematic process for developing them.

Organisations that consistently innovate share three characteristics:

- They distinguish operational management from innovation management.
- They encourage disciplined experimentation before demanding certainty.
- They measure learning alongside financial performance.

This requires a different scorecard. Alongside productivity and efficiency, leaders should track learning velocity, experimentation rate, customer validation, idea quality, and the speed with which uncertainty is converted into opportunity.

Innovation is not an event or an occasional workshop. It is an organisational capability that compounds over time.

The organisations that will lead the next decade will not necessarily be those with the best ideas. They will be those with the best systems for turning uncertainty into knowledge and knowledge into sustainable growth.

Innomantra Leadership at Jyoti Nivas College Autonomous, Bangalore College, IndiaWayfinding: What’s Next for Strategic G...
03/08/2026

Innomantra Leadership at Jyoti Nivas College Autonomous, Bangalore College, India

Wayfinding: What’s Next for Strategic Growth and Re-Globalization

On July 28, 2026, Mr. Lokesh Venkataswamy, CEO and Managing Director of Innomantra delivered an invited session as a thought leader for an expert talk on ”Wayfinding: What’s Next for Strategic Growth and Re-Globalization," organized by the Department of Management Studies at Jyoti Nivas Autonomous College (JNAC), Bengaluru, India and presided over by Prof. Dr. Sr. Mary Louisa S. Principal, JNAC.

In a session that explored the changing nature of entrepreneurship in the age of Generative AI, Mr. Lokesh Venkataswamy highlighted that the most valuable startups no longer begin with answers, but with the discipline of discovering the right problems. Using design thinking, Systematic Innovation, and structured frameworks, he demonstrated how artificial intelligence can help entrepreneurs identify opportunities, generate breakthrough ideas, accelerate product innovation, and turn insights into scalable ventures. He also underscored the growing role of women inventors in shaping the next generation of innovation leadership and entrepreneurial ecosystems.

Photo: Mr. Venkataswamy with the organizer ( R ) Prof. Dr. percy bose shaji, Head of the Department of Business Administration, (L) Prof. Dr ANILA D S, Assistant Professor, and (L) Prof. Dr. Sumitha Selvaraj, Assistant Professor at Jyoti Nivas Autonomous College (JNAC).
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Innomantra Leadership at India Amplifying Corporate Innovation for Growth in Gen AI Era23 July 2026 — Speaking to , ...
03/08/2026

Innomantra Leadership at India

Amplifying Corporate Innovation for Growth in Gen AI Era
23 July 2026 — Speaking to , , industry at an R&D Think Tank session, Mr. Lokesh Venkataswamy, CEO and Managing Director of Innomantra, outlined how the machine tools and textile machnery industries can unlock human ingenuity by combining Systematic Innovation with Generative AI.

He emphasised that in the era, the real design begins not with solutions but with discovering the right problems. Demonstrating ™, Innomantra's AI-powered Innovation Management Platform, he showed how organizations can integrate GenAI into the innovation management process in alignment with the series of standards, accelerating opportunity discovery, product innovation, and sustainable growth.

The session complemented LMW Limited's continued emphasis on innovation through investments in research and development, advanced manufacturing technologies, and intellectual property, as highlighted in its recent Annual Report. This was organized and presided over by Dr. Dhayaneswaran Y, Head of R&D, Mechatronics, and Mr. Marudhu P, Asst. Manager Human Resources Department at LMW.

This industry per-se accounts for roughly 60–70% of this technology field. That implies approximately: 22,000–26,000 published patent applications annually, 1,800–2,200 patents per month globally, 60–70 patents per day (estimated). This is an informed estimate based on the combined WIPO technology category rather than an official breakdown.
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