IEEE Computer Society Bangladesh Chapter successfully organized a Webinar titled “Startups and Wealth Creation: Engineering Students Should be the Champions” as an Industry Outreach event. The event took place in virtual platform Zoom on 12th March 2022 at 3 pm (GMT+6).

The speaker of the webinar was Dr. Shazzad Hosain, Professor, Department of ECE, North South University, and Director, NSU Startups Next. Mohammad Rubbyat Akram, Industrial Activity Coordinator, IEEE Computer Society BDC, conducted the session as moderator. The primary goal of this event was to familiarize attendees with the principles of a startup, which has become a buzzword, particularly students, in recent years. The speaker took a hands-on approach to help the attendees understand basic business ideas, business models, and the key differences between SMEs and startups. He explained how startups can contribute to a society’s high worth and prosperity. He discussed essential startup concepts, insights and the role of engineering students as crucial contributors to successful and high-growth-potential startups. He went over the funding cycle, the factors contributing to company success, and the qualities that make a solid startup idea. He presented real-life scenarios for successful startups and how to be creative when it comes to startup tactics by using various examples and referencing several national and international companies. He also noted the diverse approach to businesses and the need for partnerships. For the expanding number of successful companies, the speaker stressed the necessity of cross- disciplinary collaboration and partnerships. He addressed the importance of engineering students starting a business and how they can be successful.

Mohammad Rubbyat Akram explained the industry ecosystem and outlined the concepts of innovation in the digital space, value creation and funding to create successful startup.Students, academicians and professionals from various universities and organizations attended the event. Executive committee members of the IEEE Computer Society Bangladesh Chapter (IEEE CS BDC) including Prof. Dr. M. Sohel Rahman, Chair, Prof. Mohammad Shamsul Arefin, Vice Chair-Technical, Prof. Dr. Md. Abdur Razzaque ex-chair of IEEE CS BDC and so on were present the webinar. Overall, the session was really beneficial to those who are interested in starting a business in the future, and the event greatly encouraged them.