Entrepreneurship Development Cell (EDC) was developed to assist students, entrepreneurs, including Institute's educational professionals, with pre-venture, start-up, or existing businesses with financial management, marketing, technology, and product development and commercialization challenges. Entrepreneurship Development Cell (EDC) for an engineering college is a crucial step in promoting innovation, entrepreneurship, and industry-academia collaboration. An EDC serves as a platform to nurture and support entrepreneurial talents among students and faculty members.

Objectives & Goal:

It aims to foster entrepreneurship, innovation, and economic development within the academic community and the broader region.

Dedicated Team:

It consists a team of motivated individuals, including faculty members, administrators, and enthusiastic students, to run the EDC. This team will be responsible for planning and executing EDC activities.

Allocated Resources:

This may include budget allocation for events, workshops, and hiring staff or mentors with expertise in entrepreneurship.

Physical Space:

Forging partnerships with local entrepreneurs, industry professionals, and incubators/accelerators. Collaborative efforts can provide students with real-world exposure and opportunities for internships or mentorship.

Networking and Collaboration:

Forging partnerships with local entrepreneurs, industry professionals, and incubators/accelerators. Collaborative efforts can provide students with real-world exposure and opportunities for internships or mentorship.

Mentorship Programs:

Development of mentorship programs where experienced entrepreneurs or business leaders mentor students and guide them through the entrepreneurial journey.

Startup Incubation:

Establish a startup incubation program within the EDC. This program can provide funding, infrastructure, and support services to student-led startups.

Organize Workshops and Events:

Establish a startup incubation program within the EDC. This program can provide funding, infrastructure, and support services to student-led startups.

Access to Funding:

Create a framework for students to access funding for their startup ideas. This can involve connecting students with venture capitalists, angel investors, or government grants and schemes.

Promote Awareness:

Raise awareness about the EDC and its activities through various communication channels, including social media, college website, and physical posters.

Evaluation and Feedback:

Continuously evaluate the effectiveness of the EDC's programs and gather feedback from students and mentors to make necessary improvements.

Legal and Regulatory Compliance:

The EDC complies with all legal and regulatory requirements, including those related to intellectual property and student involvement.

Sustainability:

Create a long-term sustainability plan for the EDC, including strategies for funding, staffing, and growth.