Tuesday, 11 Dec 2018

Innovation is simplicity and problem solving, students told

Panel discussion on Startup Funding moderated by Dr. Wilson Ugangu during the third and last day of the innovation on Friday, September 28th, 2018 Panel discussion on Startup Funding moderated by Dr. Wilson Ugangu during the third and last day of the innovation on Friday, September 28th, 2018

 

University students have been urged to always think of simple but bankable ideas in order to come up with unique innovations that will solve the country’s problems.


Speaking at Multimedia University of Kenya during the Fourth Innovation Week, Founder, Valued Conversations, CPA S.T. Wainaina said that innovation is not about complexity but simplicity and problem solving ideas.


“Great innovations were not done in big laboratories. Most were created in students’ class rooms,” said Wainaina adding that it is the simple noble idea that makes great innovation.

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Founder, Valued Conversations, CPA S.T. Wainaina giving his presentation during the third and last day of the innovation on Friday, September 28th, 2018

 

He challenged students to always research and understand their idea and users if they want to take their innovations to the next level.


“The biggest risk to your innovation is your preparedness and understanding of the idea” said Wainaina adding that when thinking of a startup, most potential investors are interested in a bankable idea and your understanding of it.


This point was emphasized by Buupass Co-Founders Wyclife Omondi and Sonia Kabra who said that it is important for young innovators to believe in their ideas and be able to clearly articulate it and sell it to potential investors.


They therefore urged students not to be scared by statistics of high number of ideas that fail to pick up saying that this should make them become more risk aware and think deeply and creatively.

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Students following presentation and discussions during the third and last day of the innovation on Friday, September 28th, 2018

 

“Nobody will ever guarantee you an outright success of your innovation. Entrepreneurship is a journey and you must practice patience for you to succeed,” concludes Wainaina.

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Students following presentation and discussions during the third and last day of the innovation on Friday, September 28th, 2018

 

The speakers were presenting on Startup Funding during the third and last day of the innovation on Friday, September 28th, 2018 where they were joined by Afri-Keseri Chief Executive Officer, Maryne Keseri and Deputy Director of Kenya Pipeline and Morendat Training Institute Prof. Jane Ngila to give insights on the various business financing options available to startups in Kenya.