NGMC Startups – Entrepreneurship Development Cell ( EDC)

The Entrepreneurship Development Cell (EDC) at our institution is made up of both faculty and students who are highly skilled and accomplished in their respective fields. The Coordinators of the EDC are responsible for organizing various Awareness Programs, Events, and Activities on campus, with the aim of providing valuable knowledge and opportunities to students.

The advisory board of the EDC consists of successful and well-known Entrepreneurs from different parts of the world. Their expertise and ideas serve as inspiration and guidance for the EDC community. The EDC team is always ready to offer valuable advice and recommendations on all aspects of entrepreneurship.

Our vision is to meet the needs of aspiring entrepreneurs by encouraging innovative ideas that have societal relevance. We strive to create a culture of entrepreneurship within our campus that enhances the overall educational experience.

Our mission is to establish an eco-friendly system with state-of-the-art infrastructure that enables both students and faculty to develop and implement their ideas with industrial standards. We aim to seek support and collaboration from government bodies, industries, and esteemed educational institutions globally, with the goal of creating employment opportunities for our community.

Objective:

The main objective of the Entrepreneurship Development Cell and startup club is to educate students about the different aspects of entrepreneurship and the benefits of pursuing entrepreneurial ventures. The aim is to help entrepreneurs improve their organizational and managerial skills in order to run their businesses efficiently and successfully. Additionally, the goal is to encourage and support students in validating their ideas and taking them from the conceptual stage to real-world implementation. The objective is also to foster creativity and innovative thinking among students, empowering and motivating them to not only find employment but to create opportunities for others as well.

SHORT TERM GOALS

To assist student groups in conceptualizing their ideas and models.
To promote innovation, creativity, and design thinking within the student community.
To support faculty-driven start-ups and start-ups by students and alumni.
To host training programs, seminars, workshops, and distinguished talks for students, faculty, and alumni to foster an entrepreneurial culture.
To enhance the interaction between the institute and industry, utilizing the results for mission achievement.

LONG TERM GOALS

Our long term goals include establishing collaborations and partnerships with esteemed organizations such as the Department of Science and Technology (DST), Confederation of Indian Industry (CII), Ministry of Micro Small and Medium Enterprises (MSME), and other academic institutions. These alliances will facilitate the transfer of world-class facilities for our NGM-EDC activities.

We aim to foster a culture of high-quality research among our students, encouraging them to develop patents that can be commercially utilized in production. Additionally, we seek to provide a platform for our students to create innovative products that gain global recognition and open up new business opportunities.

One of our objectives is to generate revenues through consultancy services and support student start-ups. By doing so, we not only provide practical experience to our students but also contribute to the growth of the entrepreneurial ecosystem.

We also prioritize spreading awareness among our students and faculty about intellectual property rights (IPR) and related activities. This knowledge will empower them to protect their ideas and innovations.

To further strengthen our initiatives, we aim to strategically partner with organizations such as the Tamil Nadu Entrepreneurship Development Institute (TN-EDII) and the National Innovation Foundation (NIF) of India. These partnerships will enable us to submit ideas and apply for relevant schemes that support entrepreneurship.

We plan to secure funding from the All India Council for Technical Education (AICTE) to develop and enhance our Entrepreneurship Development Cell.

In addition, we aspire to introduce Masters/MBA programs in Entrepreneurship to provide in-depth knowledge and training in this field to our students. This will equip them with the necessary skills and knowledge to excel in entrepreneurial endeavors.

ROLES
EDC Coordinator at the department level, along with the Heads of the Departments and the Principal of the institution, share the responsibility for promoting and supporting entrepreneurship and innovation within the institution.

ACTIVITIES
The EDC Coordinator is tasked with enhancing students’ innovation, creative, and design thinking ideas, and helping them develop these ideas into tangible products. They also oversee the provision of incubation and pre-incubation facilities for faculty-driven start-ups, as well as start-ups initiated by students, alumni, and the general public.

The EDC Coordinator is in charge of organizing various events such as guest lectures, seminars, workshops, Faculty Development Programs (FDP), and motivational talks, all aimed at fostering an entrepreneurial culture among students, faculty, and alumni.

Another important aspect of the EDC Coordinator’s role is to work towards improving the quality of research conducted by students at RIT and encourage the development of patentable ideas that can be commercially utilized in production.

Furthermore, the EDC Coordinator aims to provide a platform for students to create innovative products that gain global recognition and generate business opportunities.

Lastly, the EDC Coordinator oversees the generation of revenue through consultancies carried out by the institution, as well as through the establishment of student-driven start-ups.