Mumbai, India, March 30, 2022 /PRNewswire/ — SVKM’s Narsee Monjee Institute of Management Studies (NMIMS), a reputable university, an academic institute with a 41-year heritage, organized this unique event ‘Concept SHow? ‘Or’ What – 2022‘, for students to present their innovative, contemporary and extraordinary technology-based business concepts. These include product innovations, service innovations and some could be new business models.
The one-day event was hosted by NMIMS University Mukesh Patel School technology and engineering management between 4:30 p.m. to 8:30 p.m. on Tuesday29and March 2022 to 4and Floor, NMIMS University, Vile Parle, Bombay.
The event was unique in nature as MBA Tech students showcased innovative and contemporary business ideas in the presence of all Indian companies including former senior executives; working in the industry to evaluate concepts in various segments. A total of 180 projects were presented, judged by some 60 alumni and industry executives, in addition to faculty members from different fields.
“This event provides a platform for students to transcend their horizons and design innovative solutions to societal problems, using their technical skills, design skills and ultimately develop a blue ocean strategy to put their” offer” in the market. They explore and experiment with entrepreneurship to form breakthrough business models. Based on the concepts and ideas, the college will encourage Indian companies to turn them into start-ups and explore possible funding. Additionally, we will be encouraged to patent the concepts, if they are truly unique.” said the doctor Anuja AgarwalAssociate Dean, Mukesh Patel School of Technology and Engineering Management, NMIMS.
“To assess students on production quality, we invite industry experts, alumni as well as our faculty to visit the Concept Show-2022. This would give students a first-hand understanding of contemporary thinking and a reality check”, said the doctor Abishek Kumar SinhaManager, Innovation and Entrepreneurship, Mukesh Patel School of Technology and Engineering Management, NMIMS.
These innovative projects and prototypes are conceptualized by students covering a wide range of emerging fields such as artificial intelligence (AI), machine learning (ML), automation, 3D printing, NFT, application mobile, e-commerce application, data analysis. and other emerging technologies.
Students showed their inventive skills in solar energy, electric vehicles, Covid – precautions and preventions, product development for people with special abilities, stress prediction, waste management, products in the Agri Tech and Fin Tech space, etc. which is sure to attract entrepreneurs to turn into full fledged business concepts.
Mukesh Patel School of Technology Management & Engineering was established in 2006 under the NMIMS as one of its constituent schools. MPSTME was essentially created to meet the need to create an innovative and integrated space for technological education interspersed with sound management practices that converge with the evolution of the industry as well as the needs of society. The vision was to meet emerging demands in the field by creating holistically trained engineers with strong technical expertise as well as a vision to integrate their knowledge into creating technologies that meet the changing needs of today’s world. The MPSTME building today, with its state-of-the-art laboratories and world-class infrastructure, is a living testament to the continued realization of this vision.
About SVKM NMIMS University
Established in 1981, NMIMS is recognized today as a world-class university with strong links to industry. It offers multiple disciplines on 8 campuses which consist of 17 specialist schools, over 17,000 full-time students and approximately 750 full-time faculty members, 10 faculty members with Fulbright Scholarship and Humboldt International Fellowship for postdoctoral researchers. The Shri Vile Parle Kelavani Mandal (SVKM) spearheaded the foundation stone of this reputed university, with the aim of meeting the growing demand for management institutes in the country. It is known for its consistent academic quality and research-driven approach to holistic education. SVKM’s NMIMS has been granted Category I Deemed University status by the MHRD/UGC Graduated Autonomy Regulations 2018 and the NMIMS campus in Mumbai is NAAC accredited with a CGPA of 3.59.
For media inquiries. please contact:
Mrs Afrin Khan
M: +91 9136984744
Mrs Dimple Pania
M: +91 8976785216
NMIMS from SOURCE SVKM