Business Model Canvas Seminar for Innovative Entrepreneurship Development
On August 27, 2024, the Graduate School of Business and Entrepreneurship under the Cabinet of Ministers of the Republic of Uzbekistan hosted the first day of a two-day seminar titled “Business Model Canvas: Opportunities for Startup Project Development”. The seminar featured leading business consultants including F. Jabbarov, A. Jalilov and experts from the Graduate School.
Additionally, more than 30 representatives from organizations, higher education institutions, banks also professors of the Graduate School participated in the event. During the workshop, business consultants highlighted that innovative entrepreneurship fosters competition and enhances productivity within the economy. Business and government seek to support ideas and entrepreneurial initiatives as a means to drive innovation.
Experts also mentioned that, a common challenge entrepreneurs and startups face is the opportunity and capability to examine, articulate, and convey their ideas before resources are committed and leveraged to realize their visions. Entrepreneurs do not only need financial and government support, but also practical tools and management skills to realize their ideas and vision in business.
The Business Model Canvas is a strategic management and entrepreneurial tool that helps to visualize key elements of business ideas, validate and refine assumptions, and identify potential risks or gaps in the ideation process. Since its creation, the Model has gained widespread adoption among startups and has been utilized in high-risk projects.
It was mentioned also familiarizing entrepreneurs and organizations supporting startups and innovation with this tool and trends of entrepreneurship development can contribute to the creation of nurturing ecosystems for entrepreneurship and startups.
During the seminar, participants actively engaged in a Q&A session focused on the creation and support of startups, discussing actual topics in startup development with business consultants.