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Institutional Mechanism

Entrepreneurship Development Cell (EDC)

The Entrepreneurship Development Cell (EDC) scheme was initiated to develop institutional mechanism to create entrepreneurial culture in S&T academic institutions and to foster techno-entrepreneurship for generation of wealth and employment by S&T persons. The EDCs are established in academic institutions (science, colleges, engineering colleges, universities, management institutes) having requisite expertise and infrastructure.

The mission of the EDC Scheme is to "develop institutional mechanism to create entrepreneurial culture in science & technology academic institutions to develop technocrat entrepreneurs for generation of wealth and employment ".

Objectives of the EDC:

  • To act as an institutional mechanism for providing various services including information to budding S&T entrepreneurs.
  • To create entrepreneurial culture in the parent institution and other institutions in the region and to promote the objectives of NSTEDB, including programmes related to women and weaker sections of the society.
  • To foster better linkages between the parent institution, industries and R&D institutions in the region and other related organisations engaged in promoting Small & Medium Enterprises (SMEs) including NGOs and other voluntary organisations.
  • To catalyse and promote development of S&T based enterprises and promote employment opportunities.
  • To respond effectively to the emerging challenges and opportunities both at national and international level relating to SMEs and micro enterprises.

Functions of EDC:

  • To organise Entrepreneurship Awareness Camps, Entrepreneurship Development Programmes and Faculty Development Programmes in the region for the benefit of S&T persons.
  • To develop and introduce curriculum on Entrepreneurship Development at various levels including degree/diploma courses of the parent institution and other institutes in the region.
  • To conduct research work and survey for identifying entrepreneurial opportunities (particularly in S&T areas and service sector).
  • To guide and assist prospective entrepreneurs on various aspects such as preparing project reports, obtaining project approvals, loans and facilities from agencies of support system, information on technologies, etc.
  • To organise guest lectures, TV & radio talks, seminars, etc. for promotion and growth of S&T based entrepreneurship.
  • To arrange visits to industries for prospective entrepreneurs.
  • To extend necessary guidance and escort services to the trainees in obtaining approval and execution of their projects.
  • To act as a Regional Information Centre on business opportunities, processes, technologies, market, etc. by creating and maintaining relevant databases.
  • To provide testing, calibration, quality assurance, design, tool room, pilot plant and other facilities for entrepreneurs besides expertise in intellectual property rights, patent search, etc.
  • To render advice to sick enterprises and assist the entrepreneurs in rehabilitating them.
  • To conduct skill development training programmes leading to self/wage employment.

Criteria for Selection of an Institution to Set up an EDC

The sponsoring/parent institution should fulfill the following criteria:

  • The institution should be a University/deemed to be University or a premier Institute/College offering Engineering, Technology, Science & Management courses for at least 5 years. In case of a college/institute, it should be duly recognised and affiliated. In case of private institution, it should be promoted by a Trust or a Society registered under relevant Acts.
  • Qualified and dedicated faculty in various disciplines with a good Research & Development base and industry related activities.
  • Adequate space for locating the Cell and facilities of office equipment and furniture required for the Cell.
  • Availability of workshops, laboratories and computational facilities.
  • Library with a good collection of books and journals.
  • Experience in Entrepreneurship Development and Promotion and Industry related activities such as Consultancy, Product Development, Testing, Calibration, etc.
   

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