This report presents a comprehensive analysis of "Phoenix Innovate: Rising Ideas, Bright Futures," a collaborative event organized by the BBA and BCA departments of Eminent College of Management and Technology in conjunction with the Institution's Innovation Council (IIC) under AICTE. Held on May 24, 2023, the event aimed to foster entrepreneurial spirit among students by providing a platform for the presentation of innovative business ideas. Students from both departments participated, collectively showcasing a diverse range of business plans integrating business acumen with technological solutions. The judging process, conducted by a panel of faculty members, evaluated presentations based on criteria such as novelty, feasibility, clarity, risk management, financial projections, and potential for sustainable growth, ensuring fair assessment and constructive feedback. The collaborative efforts of BBA and BCA students underscored the significance of interdisciplinary collaboration in driving innovation and entrepreneurship, enriching the academic experience and emphasizing the importance of synergy between business and technology for future success and growth in the field.