Panel Discussion on "Innovation and Startup Ecosystem Enablers"
24th August 2023
Institution's Innovation Council (IIC), Ministry of Education (MoE), Dronacharya College of Engineering, Gurugram organized a panel discussion on “Innovation and Startup Ecosystem Enablers” on 24th August, 2023.
The objective of the discussion was to create awareness to the students regarding the innovation ecosystem by transforming new ideas into reality and how to create that ecosystem.
The event started with a lighting of lamp followed by the speech “Your wings - Your career” by Prof. (Dr.) S. D. Joshi, where he tried reaching out to this intellectual Next Generation by giving a perspective of the career choices, they need to make to reach their individual milestones of life. The talk concluded with the need of making well informed and well-intended career choices through a holistic approach of making decisions that brings the 360-degree outlook towards life and develop personal virtues as a future leader
Session Brief:
- Fundamental Principles of Business
- Brief discussion on small scale industry
- Regulations of logistics and trademark
- Prototype testing marketing for new business
- Challenges faced after testing and check if the product is suitable for B2B or B2C Revenue model.
Key highlights of the session:
- How to develop business funding
- Generating funds through sponsors, market
- Idea sharing- “Do not share idea with everyone, share with industry peers”
- How to expand existing business
- Thorough study of all resources before starting business or entering market
Key outcomes of the session:
- Understanding how existing market players can support and augment the growth of startups.
- Understanding how these players / companies maneuver through their logistics in order to gain maximum benefits.
- Understanding the prospects, innovative solutions, and the untapped potential of unbundling value chains.