On Monday, June 3rd, 2024, the Institution's Innovation Council (IIC) at Jaipuria Institute of Management (JIM), Indirapuram, organized an insightful expert lecture session aimed at guiding first-year management students and aspiring entrepreneurs through the critical process of innovation validation and startup development. The session, led by Dr. Shweta Sharma, a renowned Patent Expert associated with the Khurana group, shed light on the systematic processes of patents and intellectual property rights, providing students with a solid foundation for their entrepreneurial endeavors.
Dr. Sharma, during the session, emphasized the distinction between invention and innovation, highlighting the importance of fostering an environment where creative ideas can flourish and evolve into successful business ventures. She stressed the necessity of validating the viability of innovations before embarking on the startup journey, including assessing market demand, feasibility, and scalability.
The session also delved into the concept of prototyping, encouraging students to use this approach to test and refine their innovative ideas. The iterative development cycles were emphasized as a means to incorporate feedback and continually improve prototypes, increasing their chances of success in the market.
Through practical examples and real-world experiences, Dr. Sharma provided valuable insights into identifying market gaps, developing unique solutions, and overcoming the challenges faced by entrepreneurs. The students were equipped with a deeper understanding of the innovation and entrepreneurship landscape, leaving them feeling empowered and motivated.
The lecture concluded with an engaging Q&A segment, where students had the opportunity to seek further clarification and guidance on specific challenges they may encounter in their entrepreneurial journey. Overall, the session was highly informative and empowering, providing students with the knowledge and tools necessary to transform their innovative ideas into thriving startups.
The IIC at JIM, Indirapuram continues to demonstrate its commitment to fostering innovation and entrepreneurship among its students. By organizing expert lecture sessions like this, they are equipping the next generation of business leaders with the skills and knowledge to navigate the dynamic landscape of startups and innovation.
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