YCET faculty delivered a talk on “Innovation, Entrepreneurship, Incubation and IPR”
Er. Dinesh Gupta, Dean Academics of Yogananda College of Engineering & Technology (YCET) has been invited by SRM Institute of Science and Technology, Ramapuram Chennai to conduct a session on “Innovation, Entrepreneurship, IPR, and Incubation”. This activity was conducted under IIC Driven Activity which is under Institutions Innovation Council- A MHRD Govt of India Initiative. Er. Dinesh Gupta conducted this season on December 30, 2021.
The session was started with the Innovation, Difference between Invention and Innovation, Principles of Successful Innovation, Techniques of Innovation. During the lecture, he also explained the Importance of Entrepreneurship- it Reduces Poverty Levels, Increases Employment, Fulfills the Demand of people, and Helps to develop the Economic Condition of a country. He emphasized the concept of job givers rather than job seekers.
Then he explained about business incubators, he told that the business incubators have grown considerably in recent years.
He told that there is no dearth of start-ups that work on a brilliant idea with a huge scope of scaling. However, these companies have little knowledge about management, and therefore, burn cash rapidly. Business incubators help the start-ups to manage finances and ensure proper utilization of the money. Managing a business at a very local level play a significant role in making the foundation strong and scale it. Business incubators essentially perform the same function. There are various business incubators that target businesses that want to establish themselves formally in the market. At the end, Er. Dinesh Gupta thanked Mrs. R Sathya Innovation Ambassador and organizer of the session.