EEE organized an event Idea Generation for Budding Entrepreneurs

Department of Electrical and Electronics Engineering in association with Department of Civil Engineering, G L Bajaj Institute of Technology and Management, Greater Noida has organized an event for the students & faculty members on the topic “Idea Generation for Budding Entrepreneurs” dated 30th June 2022, Time 2:00 PM to 3:00 PM. Total 44 participants attended the event. For budding entrepreneurs, Idea generation is the most challenging task, but it's also the most fascinating phenomena. The fundamental building block of any entrepreneurial endeavour is an idea. A business only succeeds when the underlying concepts are incredibly good and accurately reflect the creator's ideology.

Expert discussed about the following points during the session:
1. Uniqueness of the idea is very important.
2. Unexplored, untouched areas have no competition with less investment.
3. Not to stick with a single branch/area. Go for multidisciplinary/collaborative inventions.
4. Same idea can be in many people's minds but who takes the first step matters.
5. Stability of invention is important with proper market analysis.
6. Business has to be profitable, making customer's lives simplified.
At the end, Dr. Mohit Bansal, HOD, EEE Department convey vote of thanks.

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