Hans Raj Mahila Maha Vidyalaya hosted an online session on
Process of Innovation Development under the initiative of Institutional
Innovation Council with the inspiration of Principal Prof. Dr. Mrs. Ajay Sareen.
The session began with the recital of Gayatri Mantra. President IIC Dr. Anjana
Bhatia gave a formal welcome to the Resource Person Ms. Leena Chhabra.
Ms. Leena
introduced the concept of innovation. She described innovation as the backbone
of the market and the innovation process is the path of translating new or
existing knowledge into marketable solutions. Innovation begins with an idea.
An important link between idea and innovation is the evaluation of opportunity.
The process will begin only if there is demand of that idea in the market or we
come with a solution to some problem.
Idea generation is facilitated by passion,
curiosity, mastering the environment, divergent thinking and creative energy.
In order to evaluate the opportunity one need to do SWOT analysis and risk
assessment along with studying market viability and improvements. Above all
innovations go unnoticed if proper marketing is not done. It needs to be
promoted.
The students
attended the session with great zeal and cleared their doubts regarding
innovation development. Mrs. Rishav presented the vote of thanks and Mrs.
Navneeta moderated the session.
