On the fourth day of the Innovation and Digital Development Agency (IDDA) financed training program at Khazar University, the entrepreneurial journey continued with a deep dive into critical topics - Social and Economic Impact, and Minimum Viable Product (MVP) in December 6, 2023.

The day commenced with a thought-provoking examination of Social and Economic Impact. Trainer Shafa Karimova prompted participants to reflect on the profound influence businesses can wield on societies and economies. Through engaging discussions and case studies, start-up teams gained insights into how their ventures could contribute positively to both societal well-being and economic growth. The session set the stage for a holistic approach to entrepreneurship, urging participants to consider the broader consequences of their initiatives.

Following this impactful session, the training seamlessly transitioned into the strategic realm of Minimum Viable Product (MVP). Shafa Karimova shared invaluable strategies and methodologies for effectively developing and testing MVPs. Start-up teams were immersed in the principles of iterative development and rapid prototyping, empowering them to create products that address fundamental customer needs efficiently. Practical exercises allowed participants to apply these principles hands-on, refining their understanding of the pivotal MVP concept.

The highlight of the day was the intersection of social impact and MVP strategies, as start-ups explored how their Minimum Viable Products could serve as catalysts for positive societal change. Shafa Karimova provided guidance on aligning business objectives with social goals, illustrating the potential for ventures to create both economic value and meaningful impact.

As the fourth day concluded, the entrepreneurial spirit at Khazar University continued to thrive. Start-up teams now possessed a nuanced understanding of the social and economic dimensions of their endeavors, coupled with practical insights into designing effective Minimum Viable Products.

Stay tuned for more updates on the dynamic and insightful training sessions at Khazar University.