Seminar on Lean Startup & Minimum Viable Product

Speaker: Dr. Gaurav Gupta (Startup Ecosystem Enabler Manager at AIC T-HUB)

Venue: Rojamma Hall

Date: August 03, 2024

Time: 3 PM – 4 PM

St. Peter’s Engineering College

(UGC-AUTONOMOUS)

MoE’s Innovation Cell (Government of India)

Institution’s Innovation Council

Principal: Dr. K. Sree Latha
Convenor: Dr. P. Sateesh
IIC Coordinator: Dr. Preethi Vennam
Student Coordinator: Dr. C. Maddilety

Introduction

On August 3, 2024, St. Peter’s Engineering College hosted an informative seminar on “Lean Startup & Minimum Viable Product” led by Dr. Gaurav Gupta, the Startup Ecosystem Enabler Manager at AIC T-HUB. The seminar was held in Rojamma Hall from 3 PM to 4 PM. The event was organized under the guidance of Dr. K. Sree Latha (Principal), Dr. P. Sateesh (Convenor), Dr. Preethi Vennam (IIC Coordinator), and Dr. C. Maddilety (Student Coordinator).

Objective

The seminar aimed to introduce students and faculty to the concepts of Lean Startup and Minimum Viable Product (MVP). It was designed to provide a clear understanding of how these methodologies can be applied to develop successful startups by minimizing risks and validating business ideas early in the development process.

Event Proceedings

• Welcome Address: Dr. K. Sree Latha, Principal, welcomed the participants and emphasized the importance of innovation and practical approaches in startup development.
• Introduction of the Speaker: Dr. P. Sateesh introduced the distinguished speaker, Dr. Gaurav Gupta, highlighting his extensive experience in the startup ecosystem and his role at AIC T-HUB.
• Seminar Presentation: Dr. Gaurav Gupta began his presentation by explaining the Lean Startup methodology, a systematic approach to developing businesses and products. He covered the following key topics:
  • Lean Startup Principles: An overview of the core principles of the Lean Startup methodology, including validated learning, build-measure-learn feedback loop, and innovation accounting.
  • Minimum Viable Product (MVP): Explanation of the MVP concept and its significance in testing business ideas with minimal resources.
  • Benefits of Lean Startup: Advantages of using the Lean Startup approach, such as reducing waste, accelerating product development, and increasing the likelihood of business success.
  • Case Studies: Real-world examples of startups that successfully implemented Lean Startup and MVP strategies.
• Interactive Q&A Session: The seminar concluded with an interactive Q&A session, where attendees had the opportunity to ask Dr. Gupta questions about Lean Startup and MVP. This segment provided further insights and clarified doubts regarding the practical application of these methodologies.

Key Takeaways

• Understanding Lean Startup: Participants gained a comprehensive understanding of the Lean Startup methodology and its practical applications.
• MVP Development: Insights into creating and testing an MVP to validate business ideas quickly and cost-effectively.
• Practical Strategies: Practical tips and strategies for implementing Lean Startup principles in real-world scenarios.
• Innovation and Efficiency: Emphasis on the importance of innovation, efficiency, and continuous improvement in startup development.

Conclusion

The seminar on “Lean Startup & Minimum Viable Product” was a tremendous success, offering valuable knowledge and practical insights into modern startup development methodologies. Dr. Gaurav Gupta’s expertise and engaging presentation provided participants with the necessary tools and understanding to effectively apply Lean Startup and MVP principles in their entrepreneurial ventures.