The “Innovation/Prototype Validation and Value Proposition Fit & Business Fit” program was proposed and initiated by the Institution’s Innovation Council (IIC) of Rajarshi Shahu College of Pharmacy, Buldana, with the objective of developing an entrepreneurial mindset among students and helping them understand the process of transforming innovative ideas into viable business solutions. The program focused on prototype validation, understanding customer needs, identifying suitable value propositions, assessing market potential, and evaluating business feasibility.
The program was inaugurated by welcoming the guest and participants, followed by an introduction to the program by Mr. A. D. Pawar (Coordinator). Mr. Vikram S. Suryawanshi, Junior Computational Chemist at SilicoScientia Pvt. Ltd., Bengaluru, was the resource person for the program. He guided the students on the importance of prototype validation and explained how customer feedback, market requirements, value proposition, and business fit can help refine innovative ideas. He also discussed practical approaches for evaluating the feasibility, market potential, and commercialization opportunities of innovative products and solutions.
