An Autonomous Institution
Accredited by NBA(CSE, ECE, EEE, MECH)
AICTE Sponsored Margdarshan Mentor Institution
DST-FIST Supported Institution | ISO 9001:2015 certified
Recognised Under Section 2(f) & 12(B) of the UGC Act,1956
103/G2, Bypass Road, Vannarpettai, Tirunelveli, Tamil Nadu, India - 627003.
On 26.4.2023 a session on “Procedures for Developing Startup '' was organized by the Entrepreneurship Development Cell and IIC in association with the Department of AI&DS under the activity code ACT/22-23/01443. The session was handled by Mr. P. Selvakumar AP/MBA, FXEC an experienced entrepreneur and business consultant. The students from I year AI&DS and faculties of AI&DS department participated in the program. The program was coordinated by Mrs. P. Sooriabrabha, AP/AI&DS.
The session was attended by a group of aspiring entrepreneurs who were interested in starting their own businesses. The main objective of the workshop was to provide a comprehensive overview of the essential procedures and steps that need to be followed in order to establish and develop a successful startup.
Resource person discussed clearly the importance of market research, business planning, funding, team building, and product development. He listed some of the important steps such as the first and most important step in developing a startup is conducting thorough market research. It is important to understand the market demand, competition, and potential customer base.
The second step in developing a startup is conducting thorough market research. It is important to understand the market demand, competition, and potential customer base.
The third step in developing a startup is to secure the necessary funding and resources. This could be in the form of loans, investment from venture capitalists, or crowd funding.
Finally developing a startup is to focus on product development. Resource person suggested that entrepreneurs should create a minimum viable product (MVP) that can be tested and refined based on customer feedback. The session provided valuable insights and practical tips on the essential procedures and steps that need to be followed in order to establish and develop a successful startup.
The attendees found the workshop informative and insightful and expressed their gratitude to the resource person for sharing his valuable experience and knowledge. The program came to an end with a feedback from the students.
