The IIC of PiMSR organised a Business Idea Competition for the students pursuing their post graduate diploma in management studies The objective of the competition was to encourage them to think of business ideas for creating their own start-ups. IIC members, Prof. Vinod Madhavan and Prof. Anil Jadhwani led the discussion. Students got an idea about competition overview, things the business idea should address.
The competition aims to encourage students to develop innovative business models or ideas. It offers a platform for participants to showcase their creativity and business acumen. The discussion emphasized the key elements that the business models / ideas should address. Students were encouraged to focus on originality, feasibility, and the potential impact of their ideas. The facilitators announced that participants would be eligible for certification, and the winners would receive special awards. These incentives aim to motivate students to put forth their best efforts. It was highlighted that the winning team’s proposal would have the potential to be further developed and possibly implemented in the real world. The benefit of the session was that it offered an exciting opportunity for students to see their ideas come to fruition. 6 faculty members and 87 students attended the session. The results would be announced on World Entrepreneurship Day, 21st August 2024.
