Title of the Event: “Entrepreneurial Competencies – Lean methodology for startup”

Date: 05.08.2024

Time: 11.00 AM to 12.00 PM

Venue: Gallery Hall – I Floor

Total Attendees: 116 Name of the Speaker: Dr. Balu Ranganathan, Co-founder, CanBrs Therapeutics Pvt Ltd, Research Park, IIT Madras Event Mode: Offline Incharges: Dr. G. Priya, Assistant Professor; Dr. R. Vidhya, Assistant Professor, Department of Biotechnology SRMIST (S&H), Ramapuram Objective of the Event Exploring Entrepreneurship: The event aimed to explore the possibilities of entrepreneurship and product development while being a student. The process of how a simple idea can be transferred in to a product was explained. To Provide Knowledge on Lean Methodology: An introduction to lean methodology, a method to initiate and further build on a business model was discussed. Information on government funding “PRISM” for start-up was provided.

Synopsis of the Event Event was hosted by Ms. Hemavarshini, III B. Sc Biotechnology Welcome Address: Proceeded with welcome address by Dr. M. Kamaraj, Organising Head and Head of the Department, Department of Biotechnology.

About IIC: Dr. Ramya Devi, Assistant Professor, BCA Data Science, Innovation Cell Coordinator FSH gave an insight into Entrepreneurship and the related activity being conducted in the Institute’s Innovation Cell.

Chief Guest Introduction: Dr. R.Vidhya, Assistant Professor, Department of Biotechnology, introduced the resource person for the session.

Technical Session A brief introduction to entrepreneurial possibilities for student communities was explained.

The concept of simple and multi-disciplinary out-of-box thinking and collaboration was introduced to the students.

A strategic approach to innovate and develop a product with the help of a roadmap was discussed with the students using lean methodology.

The possibility of government support for start-ups in terms of funding was enlightened.

PRISM funding was briefly discussed.

Vote of Thanks: Dr. G. Priya, Assistant Professor in the Department of Biotechnology, proposed the words of appreciation for the insightful and intellectual address by the guest. She expressed heartfelt gratitude for the guest’s valuable insights and inspiring words.

Outcome: Students gained insights on how to initiate and start simple when trying to innovate and develop a product. Students learnt the possibility of government support through funding such as PRISM for start-ups. They were provided a roadmap on different steps and strategies to look out for, before and during an entrepreneurial journey.