Er. Dinesh Gupta, Dean Academics of Yogananda College of Engineering & Technology (YCET) has been invited by ST. JOSEPH UNIVERSITY NAGALAND to conduct a session on “Innovation and Entrepreneurship”. This activity was conducted under IIC Driven Activity which is under Institutions Innovation Council- A MHRD Govt of India Initiative.
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 Level, Increases Employment, Fulfills the Demand of people and Helps to develop Economic Condition of a country. He emphasized on the concept of job givers rather than job seekers.
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. Such businesses with great growth potential might require various types of support such as planning, training and development, research support and so on.
At the end, Er. Dinesh Gupta thanked Dr. M, Selladurai organizer of the session and management of ST. JOSEPH UNIVERSITY NAGALAND for inviting him and giving him opportunity to deliver guest lecture. The exposure to knowledge and modern trends proved many folds beneficial to those who took this opportunity in the fullest to participate in such events. He also mentioned the immense gratitude for the management of YCET and Er. BR Verma Chief Coordinator for allowing him to deliver guest lecturer.