Focus on Translating Ideas into Products, VC Urges Dreamers, Visioners
The Vice-Chancellor, Covenant University, Professor AAA. Atayero, has urged faculty, staff, alumni and students on the Dreamers and Visioners platforms to dedicate themselves to seeing that their ideas are transformed into products so as to derive the full benefit of the innovation.
Professor Atayero gave the charge at the recently held Dreamers and Visioners Pitch-Dinner organised by the University to provide a platform for the review and re-evaluation of ideas, as well as providing a process for their incubation, acceleration and funding.
The Vice-Chancellor, who was represented at the event by the Director, African Leadership Development Centre, Dr. Olumuyiwa Oludayo, asserted that no idea could be said to be more superior to the other as ideas evolve and some, which may be considered not so good now, may turn out to become successful after the gestation stage.
He urged them to take advantage of the platform provided by the University to display their ideas and get critiques that would improve their thoughts. He reiterated the need for them to focus on fine-tuning their ideas beyond gestation stage to real products.
“There would be many processes before it could become marketable and you must be ready to work it through to that stage. In the meantime, be expectant of feedback from management on the next step in the process of walking you through to product development,” he added.
Earlier in his opening remarks at the event, the Director, Centre for Entrepreneurship Development Studies, Dr. Stephen Oluwatobi, stated that the concept has gone way ahead of what it was when the first edition of the Pitch-Dinner was held. He said, “Covenant University is working on creating a hub which would feature some partnerships that would work on fostering innovative and business ideas that would move Covenant University, Nigeria and Africa forward.”
Dreamers and Visioners platform, he explained, would help the University in diverse ways by creating solutions that would improve the operations of the University, thereby enhancing productivity. However, he said, there was need for the university to leverage on partnerships to achieve its objectives.
Some of the innovations revealed at the event included ‘Sharebuy’, an e-commerce platform that promotes collective buying of goods and items to maximize funds; ‘SMARTPRK’, an electronic parking system that directs drivers to free and available parking spaces; ‘PAYD’, an offline payment system, which facilitates seamless payments, provides spending reports and gives financial advice to clients; and many others.
The Deputy Vice-Chancellor, Professor Shalom Chinedu, congratulated the participants and expressed his delight at the presentation of numerous innovative thoughts and ideas. He encouraged the participants to work more on perfecting the ideas in order to turn them into more marketable products that would benefit the society.
Speaking at the event, the Dean, School of Postgraduate Studies, Professor Samuel Wara, congratulated the participants and advised that there was need for students to be more resourceful and focused in order to be more efficient. He encouraged them to research on related products as well as related markets in order to know about pricing and what features should be leveraged on to create a niche.
Also present at the event were the Registrar, Pastor Olamide Olusegun; the immediate past Director, Centre for Entrepreneurial Development Studies, Dr. Omotayo Adegbuyi; a senior faculty, Professor Ambrose Anozie and other members of faculty and staff.