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Patent Integration: An Innovation Challenge organized by EDIC at ASB

As more and more people aspire to create their own businesses due to the unstable nature of jobs in today’s economy. However, it is a reality that the majority of people struggle to figure out how to start their own business or how to become entrepreneurs.

People want to establish their own business ventures instead of just doing a standard 9-to-5 job. As entrepreneurship is a skill that can be learned, on January 4, 2023, Asian School of Business hosted an activity called “Patent Integration: An Innovation Challenge” as a means of helping students enhance their entrepreneurial talents. The activity had different levels. In level 1, students were required to form teams of 2-4 and come up with a novel product that could be patented and registered for the project; level 2 required the teams to present their product idea to a panel of judges, who assessed the teams based on the concept, market potential, path to profitability, and feasibility.

On the final day of activity, 12 teams comprising 80 individuals competed with their original concepts. The primary goal of the exercise was to develop students’ critical thinking abilities, which was clear from the outstanding presentations made by the students to the judging panel on the day of the activity. The most amazing aspect of the activity was when non-technical participants came up with innovations for a new game.