Gujarat Technological University (GTU) has been the driving force behind many entrepreneurship emergence on the campus in technical collaboration with the intelligentsia of the ecosystem.
In a fresh bid to foster entrepreneurship among students, “GTU INNOVATION & STARTUP CENTER – Vadodara is coming up with ENTREPRENEURIAL MASTER CLASS WORKSHOP SERIES exclusive for young entrepreneurs, wannapreneurs & innovators. Register yourself for 1st workshop on ‘IDEA VALIDATION FOR STARTUPS’ by Mr. HAITUK PATEL on 4th August 2018.”
Idea Validation forms the crux of an idea shaping up into a startup. This is the start of your entrepreneurial journey and if well defined would ensure success.
The main points that need be considered at this point for the ideators are problem, solution and figuring marketing acceptance.
The first point is to identify a problem that you wish to solve or vice versa, suppose you have a solution evaluate to what extent your solution would help people overcome the problem.
In addition, assess the markets and how you could make the solution within the reach of the common man. As it reaches the maximum number of consumers, the product becomes a brand. This is the dream of every founder.
However, initially an idea needs evaluation by mentors and there is a domain based specific framework to evaluate the idea. This not only suggests the improvements needed to become market welcomed products but also helps to understand the commercialization.
Idea Validation saves the founding team of huge efforts and shapes their trajectory while reducing the period to reach target markets.
Whether it is a lean canvas or a business plan or a pitch deck, the fundamental basic is idea validation. HAITUK PATEL, MIDEAS LAB, Co-founder & Chief Stratxpreneur Vadodara, is a major transforming mentor who would be able to guide young startups about the basic issues and help them consider a makeover to succeed.
Way2World wishes GTU event attendees a grand success and value for time experience…for much lively updates on events in Gujarat pl watch this space regularly. With inputs from internet – RajKishan