INNOVATION AND ENTREPRENERUSHIP
Innovation is a new idea, commercial use and the successful implementation of knowledge and technology. It is the process of transforming new ideas to have a direct socio-economic impact. The process of innovation includes various relationships: production, exchange, and use. It combines different fields’ science, technology, education, economy, entrepreneurship, management, because of the nature and quality of their interactions and relationships.
Today, those who are able to respond quickly to changes and constantly innovating are experiencing success in the business. Innovation is a way of survival and challenge to ensure its competitiveness and future development. One of the main conditions for creating a competitive and strategic project is its innovative activity. The implementation of innovation is the only way to increase the competitiveness of goods produced and support high growth rates and profits. The significant progress in the development of innovation is the future of youth. The practical experience of innovation in market conditions has become the necessity. The need for well-established infrastructure and support for horizontal linkages between academic and financial institutions are essentials in the process of innovation.
Entrepreneurship and innovation are increasingly important in all areas of business and government. Entrepreneurship has seen as a special type of management, dependent on the search for new possibilities for the production of goods and services through innovation and the ability to attract resources from a variety of sources. Entrepreneurial start-ups galvanize the economy by identifying new opportunities and redirecting resources to them. Established firms innovate in order to beat or respond to their competition.
We focus on the skills necessary for the planning, development, and launch of entrepreneurial and innovative ventures. Our workshops and training are based on the foundations of entrepreneurship, techniques for creative thinking, and processes for developing, planning and launching a new venture including protecting intellectual property, evaluating markets, develop innovative business models, budgeting, and raising finance. The major piece of assessment is the writing of a comprehensive business plan.
Learning Outcomes of Workshops and Training Session
- Basics of business innovation and entrepreneurship, the evolution of industries and economies, and the roles of entrepreneurs;
- How to develop a comprehensive and well-structured business plan for a new venture;
- How to present a convincing business plan to potential investors or to internal stakeholders and effectively answer probing questions on the substance of the plan;
- How to work effectively in multidisciplinary, cross-cultural teams, communicating, negotiating and contributing shared contributions towards the development of a team project.