IOP Institute of Physics

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Entrepreneurial workshop in Baroda, India

7 October 2016

Three days, 11 speakers and 34 participants were the result of another IOP entrepreneurial workshop, this time in Baroda, India.

The workshop ran from the 19–21 September in partnership with the Maharaja Sayajirao University of Baroda (MSU) and sponsored by the American Physical Society (APS), the International Union of Pure and Applied Physics (IUPAP), the Institute of Enterprise and Entrepreneurs (IOEE) and the Institute of Electrical and Electronics Engineers (IEEE).

The intensive three-day workshop aimed to provide participants with knowledge of how to commercialise any business ideas that they may have, with several participants already having their own business. Sessions focused on the importance of networking, business and financial planning, intellectual property and taking ideas to market. The programme also included sessions specific to the Indian context, with talks ranging from the importance of entrepreneurship in India to in-country financing options to case studies of previous inventions to demonstrate the possibilities. Sessions also focused on what problems are currently facing India as a nation, and highlighting solutions that need to be found.

Each session was as interactive as possible, with most including participant involvement. For example when thinking about developing a business plan participants were provided with existing technology and asked to answer questions that need to be considered when commercialising ideas. Similarly, in the session on how to take ideas to the market participants were split into groups and tasked with considering the various stages such as developing a team, creating business pitches, and considering the market and customer.

Feedback from participants was very positive with 78% stating that the workshop had increased their understanding of entrepreneurial skills and 76% starting that their awareness of considerations that need to be made when starting a business had increased. Overall the workshop was a great success with engaging participants, talented speakers and fantastic partners.