A country’s primary socioeconomic goal is improve the quality of life of its citizens. The competitiveness of the economy must be raised, opportunities that empower people to earn sustainable incomes must be created, and problems affecting the population, such as dieses and environmental degradation must be alleviated. In pursing this mission, a country’s ability to reformulate the traditional model of economic growth is essential, so that knowledge, technology, entrepreneurship, and innovation are positioned at the center of its development agenda. Innovation, in particular, triggers a virtuous development circle that unleashes human ingenuity to develop and deliver products and services that are needed, while simultaneously creating sustainable incomes and tax revenues that can be reinvested for social and economic gains.
In the development context, innovation should be viewed as changes in thinking, products, process, organizations or new idea which re successfully applied. Innovation in business is thus defined by assessing the novelty of products, services, and process relative to customer’s current perception to performance and growth, through improvements in efficiency, productivity, quality, competitive positioning, and market share.
We Bhavya Group of Companies and Bhavya Foundation India have envisioned BFEIC to address unemployment, loss of valuable human resource etc.
“BFEIC will map students to become employers instead of employee … “
We are also trying to change the way college brand themselves , instead of 100 % placements ads ,we would like to see major chuck of students have started own ventures.
This method of education and mapping is more successful in western and European universities.
Entrepreneurship is the process of starting a business or other organization.
The entrepreneur develops a business model, acquires the human and other required resources, and is fully responsible for its success or failure. Entrepreneurship operates within an entrepreneurship ecosystem.
In supporting a student’s entrepreneurial journey at BFEIC is to provide them with an opportunity to experience entrepreneurship in a practical set up, allowing them to test and build their entrepreneurial skills further, and to evaluate whether an entrepreneurial career might be feasible option to make the most of their talents. The BFEIC support this process by,
- Providing training, mentoring and advice on entrepreneurial careers and starting a business
- Helping students to shape their entrepreneurial ideas e.g. into a business plan
- Helping students to assess the viability of their entrepreneurial ideas