Management Department organized FDP on Entrepreneurship Development.

The success of an education institution is dependent on its ability to transform student’s life. The key element in this process is the faculty. Understanding faculty’s role as a catalyst within a structured academic system is one of the most important pre- requisite for creating a great learning organization. Keeping this in focus Institute of Technology & Science, Ghaziabad organised a Faculty Development Programmes on “Entrepreneurship” from 16th to 27th January, 2017. Twenty three Participants from ITS & other institutes of Delhi NCR participated in FDP.  

The program was inaugurated by Shri Venugopal Gupta, Head- incubation & venture accelerator centre. In his inaugural address Shri Venugopal Gupta highlighted the importance of entrepreneurial culture in an education institute, he talked about various aspects of entrepreneurship & several hardships which are associated with entrepreneurship.  Dr. A.K. Puri, Director General, I.T.S Mohan Nagar presented overview of the program. Dr. S.P. Mishra, Advisor, I.T.S- The Education Group, with sensitization of participants towards Entrepreneurship FDP & its importance in today’s Scenario. Post Lunch Session was addressed by Dr. Rita Sen Gupta Ex-Director (B/S) - NIESBUD, she gave an overview of Entrepreneurial Qualities & Motivation Development.

Second & Third day was chaired by Dr. Rita Sen Gupta continued the session with exercise on entrepreneurial qualities, continuous exercises were done to collect data of participants on entrepreneurial qualities, so that participants can be motivated to become entrepreneur. Post lunch was on motivation development, to motivate faculty for promoting entrepreneurship in students.

Dr. Govind Sharma, an IPR expert from New Delhi was the keynote speaker for first session of Day Four. He discussed the relevance of IPR for entrepreneurs, especially technical entrepreneurs. How in present day scenario IPR plays an important role in building brand & he also shared various examples where copying of technology & patents were penalized in international courts. Post Lunch session was chaired by Mr. C.K. Sabharwal, MD Crop Health products Ltd. discussed how to sense business opportunity & identify a product & market for new product. New innovations & ways to identify new product was discussed.

Friday, 20th January, 2017 Day -5 was dedicated to financing options for entrepreneurs; First Session was addressed by Mr. Sunil Joshi, Expert & Prof. Sharda University, shared his expertise on different financing options for entrepreneurs. Traditional approach to seed funding & present day ease in getting seed funds, which made entrepreneurship a comparatively easy option. Role of different institutions & what are Do’s & Don’t for project report, from the point of view of financial institutes was discussed. Second session was chaired by Mr. Sanjay Kumar, Expert incubation- MSME, session was enlightening, various government incentives were disused, several new government schemes information was shared, Incubation centre requirements & how to set up incubation centre was shared, information about incubation in nearby areas. How MSME is helping in promoting entrepreneurship was discussed & in what ways we can help budding entrepreneurs in taking advantage of these schemes of government.    

Saturday, 21st January, 2017 was dedicated for entrepreneurial competencies tools, techniques & Guidance, session was chaired by Dr. V.N. Bajpai, Associate Professor, I.T.S Mohan Nagar. Session begin with different innovations & new business ventures. Participants undertook a small exercise on Refrigeration industry; small groups were formed & analyzed various features in refrigerators, then groups were required to design a new product for refrigeration industry. Groups presented their products, marketing strategies were developed. Small competition took place. A unique type of refrigerator ‘Chotu Cool’ example of shared with audience.

Day-7 i.e. 23rd January, 2017, Group visited Mother Dairy Plant, Parparganj, Delhi. Participants interacted with concerned person & facilities were visited. Complete process from procurement to processing till final delivery was elaborated. Several quality checks implemented at different stages during the process were told. Visit gave a holistic view of enterprise management to participants.

Day-8 i.e. 24th January, 2017, Key note speaker for first session was Dr. A.K.Puri, Directr General, I.T.S, Mohan Nagar, session focuses on ‘Critical issues in Entrepreneurship development & growth’ Dr. Puri shared his expertise on creating entrepreneurial culture & what are the major challenges faced during this & how we as faculty can promote this culture in our organization & promote more students to take entrepreneurship as a career option. He explained the importance of entrepreneurial growth & role of a mentor. Second Session of the day was chaired by Mr. C.K. Sabharwal, MD, Crop- Health Product, addressed the need & importance of financial management     in managing an enterprise, session was interactive & participants learned that not only raising of funds is important but how to effectively manage long term & day to day finances of venture.

On Day -9, i.e. 25th January, 2017, Mr. Girish Shivani, Director at yournest Angel Fund, a renowned name in Venture capital Industry of INDIA, enlightened the members about how do venture capitalist evaluates & appraises entrepreneurial venture. Role of Venture capitalist in promoting & how new entrepreneurs can leverage venture capital. Second session was chaired by Dr. Lokendra Tyagi, Expert, Personal management in Entrepreneurial Venture, explained the Need & importance of personnel management in managing an enterprise, during the session various interpersonal aspects were illustrated, that an entrepreneur shall take care. How to identify a right employee, what is expected from entrepreneur & employees especially in startups was discussed followed by a role play. 

On Day -10 first session was addressed by Dr. S.P. Mishra on ‘Curriculum Planning and its presentation’, as the faculties are well equipped with knowledge this session explained different ways through which they can transfer their learning of FDP to their students & promote more entrepreneurs. Chief guest for valedictory session was Dr. Usha Dixit, Scientist "C", National Science and Technology Entrepreneurship Development Board (NSTEDB), addressed the gathering & shared various live examples which flourished under the aegis of  NSTEDB, followed by certificate distribution.

22 faculty members from ITS Ghaziabad and Various other institutes took part in FDP. Fun filled knowledge rich and self exploring journey left faculty members with a new orientation about themselves & Entrepreneurship.