ENTREPRENEUR, INNOVATION & INCUBATION CELL

The management of Sri Venkateswara College of Engineering and Technology has to encourage faculty and students to work on research projects that provide responses to a number of industrial and societal issues. This ecosystem needs to involve an incubation center and other initiatives for the creation and transfer of knowledge. The organization will host workshops / seminars / conference including programs conducted on Research Methodology, Intellectual Property Rights (IPR) and entrepreneurship during the last five years for the benefit of industry-academia and innovative practices. Innovations awards received by the organization, instructors, researchers, students, and start-ups incubated on campus are specifically acknowledged.

Role of the Committee

An Entrepreneur, Innovation, and Incubation Cell (EIIC) typically refers to a specialized unit within an organization, often found in educational institutions or business hubs, dedicated to fostering entrepreneurship, nurturing innovation, and providing support to startups and aspiring entrepreneurs. These cells serve as a platform for individuals with innovative ideas to receive guidance, mentorship, networking opportunities, and sometimes financial assistance to turn their ideas into viable businesses.

In academic institutions, EIICs are often part of efforts to promote entrepreneurship and innovation among students and faculty, fostering a culture of creativity, risk-taking, and problem-solving.

Overall, Entrepreneur, Innovation, and Incubation Cells play a vital role in nurturing and supporting the entrepreneurial ecosystem by providing essential resources and guidance to startups and entrepreneurs at various stages of their journey.

Strategies to be follow

Establish an Entrepreneurship, Innovation, and Start-Ups Center within the institution to further promote innovative and interdisciplinary experiments, ideas, and activities.

Motivate and encourage students in presenting papers at conferences and seminars.

Motivate teachers and students to visit research-focused labs and organizations like BHEL, ISRO, and DRDO.

Provide professors and students access to online journals and e-books.

Organizing many seminars and workshops on entrepreneurship, intellectual property rights (IPR), and research methods.

Upload a brochure or geotagged photo specifying the workshop or seminar title, date, and caption.

Faculty members and research scholars need to be encouraged by the institution to frequently publish their research articles in the journals recognized on UGC.

Apply for research endowments, chairs, and extramural funding (funds that provided for research projects by businesses and foreign organizations that is non-government). For example: Sign an agreement (MoU) with a company or industry to carry out projects, research, placements, etc. that are focused on industrial institutes. Train industry personnel in the newest disciplines and technologies.

Vision:

Our vision is to be a catalyst for transformative change, empowering individuals to unleash their entrepreneurial potential and realize their innovative ideas.

We strive to become a premier hub for entrepreneurship, renowned for our commitment to fostering innovation, nurturing talent, and driving impactful ventures that shape the future.

Mission:

To cultivate a vibrant ecosystem of innovation and entrepreneurship by providing comprehensive support, resources, and guidance to aspiring entrepreneurs, startups, and innovators.

We aim to foster a culture of creativity, resilience, and collaboration, driving sustainable economic growth and societal impact.