Reflection : Design Thinking for Innovation of Mol Bank 

 Challenge : 

 I was a research scholar at a reputed research organisation . Our main work is to do scientific inventions   and publish peer reviewed articles in international journals to help the scientific communities . Also ,   provided technological insights to the drug industries to help them to produce effective drugs . To do any   of the activities our organization mainly relay on central government funds and some are sponsored by   private industries . However , these funds are not sufficient for us to perform our daily research activities .   Our challenge is to generate additional revenue for the organization from its own activities with the   available resources . 

 Selection & Application : 

 We utilized design thinking tools to solve this problem . One of the tools utilized is mind mapping tool .   For this activity we called a group of people from different levels and conducted some brainstorming   exercise to get some innovative solution . After doing so , we come up with an idea i.e. the creation of   Mol Bank ( molecular bank ) . Mol Bank is a library of compounds/ molecules with basic details of those   compounds . The question is how to create it and how to generate revenue out of it ? 

 In our organization there are about 1000 people including scientists , postdoctoral fellows , research   scholars , college students come for internship and other . In a regular practise all of these will work on   different projects and those projects involves the preparation of novel compounds . We ask each one of   them to submit small amount of compound to the Mol Bank with required details . After collecting , with   the help of biology and pharmacology departments we will screen those compounds for various   activities and segregate them in to different categories . By this way we can create Mol bank .   After   creating Mol bank , we planned to invite some pharmaceutical professionals from drug industries and   showcase them these library of compounds , explain them how those will help them as lead compounds   in the creation of new innovative drugs . 

 Insight and Approach : 

 In the execution of idea , we utilized learning launch tool . As a part of execution , to check the feasibility   of our model , we started with a small scale . We collected samples from few groups and made a small   library . We also invited some pharmaceutical professionals from drug industries and explained our   proposal . Some of them showed interest , but they felt this small library is not sufficient for the drug   discovery . We also asked them for their inputs to make our model more effective . With the insights of   our customers ’ we scale up the project by collecting sample from every one of the organization and   made a vast library of compounds . 

 Finally , we made a deal with one reputed company to hand over the few libraries of compounds for a   huge amount . They also agreed to pay royalty to the organization , if any of the compounds turns in to a   commercial drug . This idea not only generated revenue , it also encouraged the people of the 

 organization to work effectively with agility and confidence . We hope this mode will generate revenue   to the organization continuously . 

 In this way these design thinking tolls helped us in creating innovative business model with the available   resources . Also provide lots of insights to create new revenue generating models . 


EMAIL: 
ID_NUM: 
NAME_STUDENT: 
PHONE_NUM: 
STREET_ADDRESS: 
URL_PERSONAL: 
USERNAME: 

### Task: You are a PII (Personal Identity Information) Detection. Given a essays written by students, you have to identify ONLY the following:
NAME_STUDENT - The full or partial name of a student that is not necessarily the author of the essay. This excludes instructors, authors, and other person names.
EMAIL - A student’s email address.
USERNAME - A student's username on any platform.
ID_NUM - A number or sequence of characters that could be used to identify a student, such as a student ID or a social security number.
PHONE_NUM - A phone number associated with a student.
URL_PERSONAL - A URL that might be used to identify a student.
STREET_ADDRESS - A full or partial street address that is associated with the student, such as their home address.
### Input: Reflection : Design Thinking for Innovation of Mol Bank 

 Challenge : 

 I was a research scholar at a reputed research organisation . Our main work is to do scientific inventions   and publish peer reviewed articles in international journals to help the scientific communities . Also ,   provided technological insights to the drug industries to help them to produce effective drugs . To do any   of the activities our organization mainly relay on central government funds and some are sponsored by   private industries . However , these funds are not sufficient for us to perform our daily research activities .   Our challenge is to generate additional revenue for the organization from its own activities with the   available resources . 

 Selection & Application : 

 We utilized design thinking tools to solve this problem . One of the tools utilized is mind mapping tool .   For this activity we called a group of people from different levels and conducted some brainstorming   exercise to get some innovative solution . After doing so , we come up with an idea i.e. the creation of   Mol Bank ( molecular bank ) . Mol Bank is a library of compounds/ molecules with basic details of those   compounds . The question is how to create it and how to generate revenue out of it ? 

 In our organization there are about 1000 people including scientists , postdoctoral fellows , research   scholars , college students come for internship and other . In a regular practise all of these will work on   different projects and those projects involves the preparation of novel compounds . We ask each one of   them to submit small amount of compound to the Mol Bank with required details . After collecting , with   the help of biology and pharmacology departments we will screen those compounds for various   activities and segregate them in to different categories . By this way we can create Mol bank .   After   creating Mol bank , we planned to invite some pharmaceutical professionals from drug industries and   showcase them these library of compounds , explain them how those will help them as lead compounds   in the creation of new innovative drugs . 

 Insight and Approach : 

 In the execution of idea , we utilized learning launch tool . As a part of execution , to check the feasibility   of our model , we started with a small scale . We collected samples from few groups and made a small   library . We also invited some pharmaceutical professionals from drug industries and explained our   proposal . Some of them showed interest , but they felt this small library is not sufficient for the drug   discovery . We also asked them for their inputs to make our model more effective . With the insights of   our customers ’ we scale up the project by collecting sample from every one of the organization and   made a vast library of compounds . 

 Finally , we made a deal with one reputed company to hand over the few libraries of compounds for a   huge amount . They also agreed to pay royalty to the organization , if any of the compounds turns in to a   commercial drug . This idea not only generated revenue , it also encouraged the people of the 

 organization to work effectively with agility and confidence . We hope this mode will generate revenue   to the organization continuously . 

 In this way these design thinking tolls helped us in creating innovative business model with the available   resources . Also provide lots of insights to create new revenue generating models .
### Output: 