“ The only way to do great work is to love what you do.“
And this love for entrepreneurship helped KGEC E-CELL to reach another milestone as IIT Bombay set foot on KGEC for the first time ever.It was indeed a very proud moment for Kalyani Government Engineering College as KGEC E-CELL in collaboration with the E Cell of IIT Bombay organized an entrepreneurial workshop named Symposium–de-illuminate for the benefit of the students. Students from various colleges took part in it. Sashwata Roy, the representative of IIT Bombay E Cell, was the main speaker of the event. Dr. Shantanu Das(Chairman of KGEC E-cell), Prof. Supriyo Banerjee (Secretary of KGEC E-cell), Prof. Md. Iqbal Qureshi(Treasurer of KGEC E-cell) also graced the event with their precious presence.
Mr. Sashwata Roy started his lecture explaining what Entrepreneurship actually is-
“ The capacity and willingness to develop, organize and manage a business venture along with any of its risks, in order to add value and make profit. In other words, the activity of setting up a business or businesses, taking on financial risks in the hope of profit. “
He then went on talking about a lot of business terms and gave valuable info about them. The overall project was on finding out the major problems we face in our society, generating practical solutions of those problems and make a business model canvas on it.
“The way an artist fills up a blank white canvas with colors and turn that into a lively painting, entrepreneurs in the same way, give solutions to problems in a form of start-up in their business model canvas.”
For that Mr. Sashwata Roy at first divided the whole audience into 9 teams. Each team had to prepare one business model and pitch it in front of the audience.
The first half of the workshop consisted of the discussions on various topics related to business. Mr. Roy explained them in details. He clarified what are the basic requirements to be a successful entrepreneur and what his mind-set should be. He gave detailed explanation about unique value proposition, customer services, revenue streams, cost structure, key metrics and many such terms that are essential for a business model.
Then there was a breather after a contiguous session of discussion. In the second half, it was all about the teams to prepare the business model canvas and pitch it. To help the teams in making the canvas, Mr. Roy showed the BMCs(Business model canvas) of AIRBNB, OLA, AMAZON etc. and explained their success stories. He cited the likes of Mr. Ratan Tata, Steve Jobs, Jeff Bezos, Mark Zuckerberg and many other successful entrepreneurs in order to enlighten the lamp inside the budding entrepreneurs. To speak about start-up, he stated that,
“A start-up is a company working to solve a problem where the solution is not obvious and success is not guaranteed.So, it is all about taking risks, failures are parts and parcels of it. People who overcome all these barriers, are the ones who survive in this field.”
We are glad to share that Mr. Sashwata Roy was ‘hugely impressed’ by the pitching event as each and every team came up with innovative ideas and their B-Plan looked quite promising. Mr. Roy and Prof. Supriyo Banerjee monitored the event and gave invaluable advice and suggestions to the teams for the betterment of their ideas.
So, in overall, it was a great learning experience for the participants as they got a chance to get familiar with the terms that are required for every businessman to get success in their field. Moreover, they got to know how to pitch and the basics of business model canvas.
All the credits though goes to the KGEC E-CELL and its members as they worked really hard to organize the workshop successfully in such a short period of time and their hard work literally paid off. Mr. Roy was amazed as his last speech summed up the whole story of the day.
“I am glad to be a part of this workshop. The enthusiasm and energy shown by the participants is really appreciable and we would be looking towards organizing more such events in future. Thank you all.”
Written By-Sarthak Mazumdar
Edited By- Sohini Ghosh