Post on 12-Jul-2020
E—Session on
Hangout with Emerging Innovator cum Entrepreneurs
1st Session by
Ms. Vandana R. Thakur, PhD Scholar
IIC - Innovation Ambassador Female Innovator cum Entrepreneur
L. M. College of Pharmacy Email: thakurvandana23@gmail.com
03.00 PM – 03.30 PM April 23, 2020, at 3.00pm
My Achievements so far as Innovator
• Won 2nd for best Idea in Exploring Traditional Remedies in Healthcare under Student Startup Innovation Policy (SSIP) and AIC-LMCP Foundation (ALF), 2019, Govt., of Gujarat
• Finalist of National Innovation Contest 2019, IIC-MIC, AICTE
• Part of Female Entrepreneur Delegation to Canada, CIAP 2020
• Inventor – National Patent Applied (IN 202021010935)
• Recipient of IIC-Innovation Ambassador, MHRD’s Innovation Cell
Video Link: https://www.facebook.com/lmcp.in/videos/199717351267973/UzpfSTEwMDAwNDQwMjYyODMzMjoxNTEzNzA2MjE4Nzg2MTE4/?lst=1152850786%3A100004402628332%3A1587316070
My Innovation
AnV-Stat (A Homeostasis Formula based Gauze for First-Aid-Kit)
Vision & Mission: • Innovation to enhance the quality of health care in the emergency
condition and reduce further risk and fatality.
Innovative Features: • Herbal Formulation in the form of Medicated Gauze • Arrests bleeding in less than 60 seconds. • Gauze with anti-microbial and anti-inflammatory properties. • Easy to use, carry, and affordable. • Suitable for emergency use in form of First-Aid *Other Innovations in Basket: Topical Spray; Dusting powder
Beginning of My Entrepreneurial Journey
16th June 2019: A Call from My Guide - it’s Bed time… …… Dear Vandana ………..You There………… Listen........Our institute want You to participate in the National PoC Contest 2019…….
A dream ??? Blank Mind…..!!! Some Body has Trust on You
But Still Skeptical and Asked Myself, Why me when there are many !!!
Lesson Learned: A dreamer Always Restless to Find Some Solution to any Kind of Problem it See on its Way…………………… So Am I? Yes I Am. Guide or Mentors Noticed that on us … Some time we suffer with self ignorance …. Does it Mean I need Wake Up Call .. Always or at the beginning only… Of course at the Beginning Only Do I Posses any Skill set and Creative Tendency to Devise Innovative Solution……………. I Sincerely Believe on it and of course Self Motivation and conviction is Must
What We Know About Female As Innovator and Entrepreneurship – A quest
Why majority of women entrepreneurs are from metropolitan cities and not from Semi urban and rural areas ??
Why women constitute around 14% of the total entrepreneur base in India?
My Entrepreneurial Journey
“Women today have
stepped out of their
comfort zone and are
breaking barriers all around the
world.”
My Entrepreneurial Journey
My PoC got nominated for the National PoC Content 2019 of Institution’s Innovation Council (IICs) program of MHRD’s Innovation Cell and AICTE
Ideation, Validation, Prototyping, Mentoring
& Skilling
Recognition, Reward, Exposure and
Mentoring
Funding, Investment, Incubation and
Mentoring
My Entrepreneurial Journey
Ideation Stage- AnV-Stat
Exploring Traditional Remedies in Healthcare under Student Startup Innovation Policy (SSIP) and AIC-LMCP Foundation (ALF).
My Entrepreneurial Journey: Creating Ground to Takeoff
Regional Mentoring Session for Proof of Concept of IIC- MHRD’s Innovation Cell Held on 9th August 2019 at EDII, Ahmedabad
Ideation, Validation,
Prototyping, Mentoring &
Skilling
My Entrepreneurial Journey: Got Wings to Fly and Ready to Fly
Participated in Boot camp and Exhibition: Selected as Finalist and Innovation got placed among top 5 and received recognition from the hand of Hon’ble minster of HRD on “11th September 2019” on
the occasion of National Innovation Festival Celebration of MHRD’s Innovation Cell
Recognition, Reward,
Exposure and Mentoring
My Entrepreneurial Journey: International Market Exposure
Canada India Acceleration Program (CIAP) 2020: MHRD’s Innovation Cell and AICTE Program Sent us to Carleton University, Ottawa to Receive Advance Training and Exposure to Canadian Market
and to Explore Market Opportunity for My Innovation
Recognition, Reward,
Exposure and Mentoring
My Entrepreneurial Journey: Opportunity Realization and Setting up Enterprise
Received Seed Funding from AICTE and MHRD’s Innovation Cell to Refine Innovation and Setting up Enterprise at AIC-LMCP Incubation Unit, L M Pharmacy College, Ahmedabad
Funding, Investment,
Incubation and Mentoring
Phases of startup
Ideation stage
Proof of Concept
(POC) Prototype
Product
My Learnings and Your Take Home Points
Essential elements of
Startups
Business Model Canvas Uncommon out of Common Self Motivated
My Learnings and Your Take Home Points
“Prototype and a good pitch opens a way to raise funding from an Investors”
Customers
Competitor Analysis
Market size
Market Research
My Learnings and Your Take Home Points
TRL 0 : Idea. Unproven concept, no testing has been performed.
TRL 1 : Basic research. Principles postulated observed but no experimental proof available.
TRL 2 : Technology formulation. Concept and application have been formulated.
TRL 3 : Applied research. First laboratory tests completed; proof of concept.
TRL 4 : Small scale prototype built in a laboratory environment (“ugly” prototype).
TRL 5 : Large scale prototype tested in intended environment.
TRL 6 : Prototype system tested in intended environment close to expected performance.
TRL 7 : Demonstration system operating in operational environment at pre-commercial scale.
TRL 8 : First of a kind commercial system. Manufacturing issues solved.
TRL 9 : Full commercial application, technology available for consumers.
Technology Readiness Level (TRL)
My Learnings and Your Take Home Points
Great Things in Business are Never Done by One Person. They’re Done by A Team.
“Teamwork Makes the Dream Work”
Its All About Your Idea….!!!
Lessons Learned and Achievements in 1 year
Mr. Amit Sanjay Lokhande
eSession Title
Learning Objectives
Expert Name
IIC- Innovation AmbassadorInnovator Cum Entrepreneur, India-South Korea Start-up Exchange Program 2020
Institute of Chemical Technology, MumbaiEmail: aslokhande29@gmail.com
MIC-IIC Webinar on IIC Calendar Activity, April 23, 2020, at 3.30pm
The Aptitude for EntrepreneurshipShould be Cultivated Right fromBeginning and in the UniversityEnvironment.We must Teach Our Students toTake Calculated Risks for the Sakeof Larger Gain, but within theEthos of Good Business
Envision for Better Tomorrow…
Dr. A. P. J. Abdul Kalam
Student Entrepreneurship…
Ease in accessing Diverse Skills
Abundant Funding at their Expose
Experienced Mentors like Teachers & Alumni
Better Alternatives in Case of Failed
Start-ups
Stimulating and Resourceful Environment
from Campus
Exposure to the layoffs of
the Ecosystem
Doesn’t have to bother about paying family’s
expenses
1
3
5
2
4
6 7
Student Entrepreneurship…
Start-up World
Curiosity
Doubts
• Do or Not to Do?• What can be the
possibility?• Where is the
Market?• Do I have enough
investment?• Will it be a Great
Venture?
• How to innovate?• How to make Viable
product?• How to reach target
Customers?• How to Proceed?• How to generate funds?
• Status of Your Final Scalable product?
• Is your Business or Revenue Model Ready?
• Sales Projection for next few years?
• Do you have enough funding/ resources/ investments?
Need to Understand Basic…
“Everyone can Ideate, but Not every idea is Innovative for Market”
Start Requires Efforts + Strategy
Sustaining in the market demands even more….
Need to Understand Basic
• Competitors• Regulators• Customer Compliance• Improve Sale • Change in Market Strategy
• USP of your Product/Service• Market Research• Product Design, Validation• Scale up• Marketing and Selling
Idea Stage
Prototype Stage
Product Stage
How to Take it Ahead?
Working on Idea and making it into
possible viable product
8
Its all about Adventurous
Journey
What Student Entrepreneurs Need?
Students Need it More…..Incubation
Angel investors
Funding Options for Entrepreneurs
You should do your homework well before starting this journey, If you fail to do so, you will face
obstacles accordingly.
PREG-Ѷ-DET Kit
Deep Red Color Indicates
Pregnant
Any Other Color Indicates
Non-Pregnant
OUR SOLUTION “PREG-Ѷ-DET”
12
“PREG-Ѷ-DET” is a urine-based-simple, rapidand Early-pregnancy-detection-kit in Cattle(Cows & Buffaloes).
Presentation and Winning MIC POC Contest
At the hands of Hon'ble MHRD minister of India Shri Ramesh Pokhriyal ji(Nishank), Hon'ble Minister of State HRD Shri. Sanjay Shamrao Dhotre ji andother Hon'ble dignitaries of AICTE and MHRD at Innovation Festival of MIC
Preg-V-Det Awarded at National Level
Preg-V-Det Exhibition and Interaction
AICTE & MHRD’s Innovation Cell provided usthe great platform and Valuable learningsduring regional mentoring and NationalBootcamp
Lessons Learned
Mentoring & Training
Product Design and Compliance
Fund raising and Investments
Ideation to Product Development
Business Canvas ModelMaking
Pitch Presentation & Delivery
Market and Sustainability
IP Generation and its management
• Do Your Homework well• Realize the product need• Try to make very elegant, user-
friendly prototype• Look at Simplifying the Problems• Build an open environment and get
the maximum of all the people you cooperate with.
• Try to build strong team & realize your team strength
• Define clear objectives and Deliverables
• Make your effective pitch ready
• Hypothetical• Poor Market research• Poor Ugly prototype• Looking at bigger fancy glamorous
aspects, which might not required at start
• Don’t fall in love with your idea and protect it
• Not realizing the strength of your team members
• Superficial and over claim• General presentation
Do’s and Don'ts
Do’s Don’ts
Selection for India-South Korea Start-up Exchange Program
Presentation and Exhibition in Global Innovator Festa
9th Global Commercialization Workshop
• The main agenda of GCC is to highlight Technology transfer and commercialization to establish economic development with industry and to accelerate the national competitiveness.
• In this I have learnt if we have to commercialize technology globally, there is a demand of strategic ways of access to profound intellectual resources.
South Korean Start-up Ecosystem
Electronics and Telecommunications Research Institute (ETRI) Daejeon
Keimyung University (KMU)
5th Global Innovator Festa Participation
Judges from all over the world
Big platform to promote your product innovationOur Product mention in GIF
5th Global Innovator Festa Participation
Glimpses of my Presentation, Exhibition and Interaction
We received International Collaborators through this
initiative
CCEI Daegu and their Start-up Ecosystem
Pitching Sessions
• Communication• Present with a Purpose• Craft a convincing pitch• Visual Design• Power of the Voice• Secrets of the body
language• Dress to kill
• Pitch• Convince your Audience• Bolden your brand• Perform a Killer IR Pitch• SMART Presentation• Learning to Lead: Self
leadership
Learnings from Global Communication Expert and Coach for Investor pitch
Personal communication Presentation, Pitch & speech
Completion of India-Korea Start-up Exchange Program
My India-South Korea Startup Exchange Program & Glimpses of its Certification
Journey After News, Media, Radio interviews &
Nominated Innovation Ambassador
Our Product on Field Trials
Conducting On field trials of my product and its validation
Our Team at ICT, My Mentor Prof. Padma V. Devarajan & Senior Vet clinician Dr. Abdul Samad
Conducting Trials in big Dairy farms under the experts
THANK YOUMHRD’s Innovation Cell and AICTE India
for giving us the opportunity to be part of National Boot-camp & mentoring session.
International support to participate in GIF 2019 & India-Korea Start-up Exchange Program
Thank You CCEI Daegu, South Korea for their Support in South Korea