FAM had organized a guest lecture by a budding entrepreneur Mr. Vinay Modi at FAM campus. This dynamic person had a master of science (M.S) in Computer Science from University of Edinburgh and had come back just after 4 months of job in U.K to pursue his dream of being a technology entrepreneur. This was back in 2007 after which he applied for Nirma labs to work in their incubator. Things didn’t go well for him during that part and he had to leave Nirma labs in the beginning of 2008. But then his Jinx ended and he applied for CIIE (Centre for Innovation, Incubation and Entrepreneurship) at IIM (Indian Institute of Management), Ahmedabad. His idea got accepted in addition to the ideas of 4 others out of a total of 85 applications and he has been working in IIM incubator ever since then. It was a great experience to listen to a lecture by a person who has been so imaginative and full of ideas all these years. His presentation centered on the following points:
1. Idea- the first and the most crucial thing as far as entrepreneurship is concerned.
2. Sharing of the idea so as to refine your idea.
3. Life cycle of technology.
4. The methodology for breaking the problem (the ink paper approach).
5. Why not have the train come to you rather than you going to the train on a railway station.
6. Fixing an electricity meter with a sms chip device which can directly send all the information to the electricity department without manual interference.
7. Modern methods of cooking, etc.
8. Designing in and around your idea to create value for the business.
Besides this he also made us aware about eminent personalities in technology management field such as Paul Graham. He also mentioned some important links such as Roland Piquepalle’s technology trends. He also talked about MIT technology review and tagging by Delecious. Many other sites and books were mentioned which are in our mailboxes so I don’t feel the need to elaborate on that any further. I extend my heartfelt gratitude to Mr. Vinay Modi for sparing his valuable time with us here at FAM, CEPT University .
Sankalp Sharma [MTM 1808]
