Report of Webinar organized by IIC titled ‘Business Model and Canvas (BMC)’: Mr Venugopal TR

Institution innovation council (IIC) of Don Bosco College of Engineering organized a one-day webinar on March 01, 2021, titled ‘Business Model and Canvas (BMC)’ in association with FiiRE (Forum for Innovation Incubation Research & Entrepreneurship). It was well-received by more than 100 participants of various colleges. Prof. Suraj Marathe started the session with a warm welcome to all the attendees, he introduced the DBCE IIC, and gave an overview of its function & activities. He then introduced the guest speaker, Mr. Venugopal TR, Incubation Manager – FiiRE.

The session was quite interactive. He started the session by stating the nine-block business model – Customer Segments, Value proposition, Channels, Customer relationship, Revenue Streams, Key Resources, Partners and Cost Structure. BMC is a strategic tool that helps to achieve business goals in a systematic approach. Mr. Venugopal explained the functions and tools used in each block with practical examples.  He also enlightened the atendees on the opportunities and challenges that the BMC model has created. He further encouraged all to follow their dreams of building their own start-ups with a systematic approach.

The session ended with a Q&A session, allowing the participants to clarify their doubts about the BMC model. Student coordinator Ms. Benecia Colaço proposed the vote of thanks.