CURRENT TRENDS IN INNOVATION AND ENTREPRENEURSHIP

On 12.11.2024 a session on "Current Trends in Innovation and Entrepreneurship" was organized by the Entrepreneurship Development Cell and IIC in association with the Department of Computer Science and Business Systems. The session was handled by Dr..Lourdes Poobala Rayen,IIC president , Francis Xavier Engineering College, Vannarpettai , from 01.30 PM - 04.00 PM. 53 students and 1 faculty participated. This event was coordinated by Mrs.Freeda Jebamalar.S AP/CSBS. This event was conducted with the guidance of Dr. Lourdes Poobala Rayen, EDC Director.

The program started with the welcome address and introduced the guest speaker.The guest speaker started the speech by explaining about the concept of entrepreneurship and said that entrepreneurship offers financial and time freedom. Unlike employment, where schedules are often fixed, entrepreneurs can design their days to balance professional and personal life. This flexibility empowers individuals to align their work with their passions and values. As an entrepreneur, income potential is directly tied to the business's success. While employment often comes with capped salaries, entrepreneurship provides opportunities for exponential growth through scalable ventures and multiple revenue streams. Entrepreneurship allows individuals to solve problems creatively and bring new ideas to life. Innovators thrive in this environment, pushing boundaries and creating solutions that can make a significant impact on industries and communities. Entrepreneurs build something they can own, grow, and potentially pass on to future generations. This sense of ownership fosters a deeper connection to their work compared to traditional employment, which may lack long-term personal fulfillment. Entrepreneurship provides the opportunity to address societal challenges and create meaningful change. Many entrepreneurs choose ventures that align with their personal values, such as sustainability, inclusivity, or social impact, fostering a greater sense of purpose in their work. Starting and managing a business requires learning diverse skills, from financial management to marketing.

This constant growth and adaptation create opportunities for personal and professional development, which may be limited in structured employment roles. Entrepreneurship is not just a career choice but a lifestyle that fosters independence, innovation, and impact. While it comes with challenges like financial risks and uncertain outcomes, the rewards of autonomy, purpose, and limitless potential make it a compelling alternative to traditional employment.

The students left the session with a renewed sense of purpose, armed with valuable insights that will undoubtedly shape their entrepreneurial journeys. This session served as a testament to the limitless possibilities that lie ahead for those who dare to dream and work tirelessly to turn those dreams into reality.