ENTREPRENEURSHIP DEVELOPMENT CELL (EDC)

Apart from technological and other activities of ITM campus, ITM has started ENTREPRENEURSHIP DEVELOPMENT CELL (EDC) to support the growth of students across the region, country and globe. Entrepreneurship is a key element in the industrialization and economic progress of a nation. The Entrepreneurship Development Cell (EDC) at ITM is established with a vision of fostering innovation and promoting entrepreneurial skills among students. At EDC, we encourage students to consider self employment as a career option, providing necessary training and learning for concept of Entrepreneurship and its exposure through Entrepreneurship Awareness Camp, Faculty Development Program and Skill development program. Entrepreneurship Development Cell strives to inspire and integrate a culture of innovation through a conducive entrepreneurial ecosystem to help budding entrepreneurs realize their dream to start up their own enterprises. The cell also organizes different activities and events time to time to train and motivate the students on entrepreneurship.

OBJECTIVES

The main objective of this cell is to train and motivate the Science and Technology (S&T) persons to become Job Creators rather than Job Seekers.

• To inculcate the entrepreneurial culture into their minds and to Promote Innovation and to improve the managerial capabilities.
• To be the leader in enabling and facilitating entrepreneurs.
• Enlighting the sprit and energy of young students from ideation to start-up to establishment and scaling up with integrity and sustainability through constant guidance & mentoring through various programme and schemes.
• To organize:
• Entrepreneurship Awareness Camps (EAC)
• Entrepreneurship Development Programs (EDP)
• Entrepreneurship Motivation Programs (EMP)
• Faculty Development programs (FDP)
• Skill development programs (SDP)
• To assist them in starting industries of their own right from:
• Product Identification (PI)
• Field Survey, Methods for marking research
• Creation and dissemination of new knowledge
• Preparation of Project Reports
• Participate in institution entrepreneur building efforts
• Respond effectively to the emerging challenges and opportunities

The Cell has been encouraging the innovative ideas of students by providing technical support and introducing them to the appropriate change agents for further related interaction.

FUNCTIONS:

• The Cell is an effective platform for the students to develop the entrepreneurial attitude as it organizes several Seminars, Workshops and student development programme through which they are provided an opportunity to meet eminent Entrepreneurs and Government Officials.
• Visits are arranged for the Staff and Students for learning industrial activities.
• Alumni, who have established their own Enterprise, are invited to share their experiences with the students regularly.
• Staff Development Programmes are organized for the College Staff to inspire the students to become the leaders in the society by innovating and entrepreneurial spirit in them.

National Innovation And Startup Policy (NISP)

The ‘National Innovation and Start-up Policy 2019 for students and faculty in HEI's was launched by Former Minister of Education, Shri Ramesh Pokhriyal ‘Nishank’ on 11th September 2019 at AICTE, New Delhi.

This policy intends to guide HEIs for promoting students’ driven innovations & start-ups and to engage the students and faculty in innovation and start up activities in campus. The policy aims at enabling HEIs to build, streamline and strengthen the innovation and entrepreneurial ecosystem in campus and will be instrumental in leveraging the potential of student’s creative problem solving and entrepreneurial mind-set, and promoting a strong intra and inter institutional partnerships with ecosystem enablers and different stakeholders at regional, national and international level. The policy is being implemented by MoE’s Innovation Cell and in coordination AICTE, UGC, state/ UT governments and universities. Implementation of policy has been undertaken for quick adoption by HEIs. The present policy is a way forward to the earlier version of AICTE’s Start-up Policy which was launched in the year 2016 to complement the Startup Action Plan under the Startup India and Stand-up India Program launched by Hon’ble Prime Minster of India.

Highlighting Features Of The Policy

• Creation of ‘Innovation fund’ for supporting innovative projects and Start-ups by allocating minimum 1% of institution’s total budget
• Academic break for a semester/ year to work on their startups Credits for working on innovative prototype/ business models
• 2% - 9.5% Equity/ stake in startup/ company by Institute’s incubator
• Complete Ownership of IPR by the inventors in case of non-usage of institute’s facilities/ resources
• Services to be offered by institution in lieu of equity, fee based or zero payment model

NISP Implementation Plan

• ITM - Innovation & Startup Policy-2025:Click here


• ITM - Innovation & Startup Policy-2021:Click here


• ITM - Innovation & Startup Policy-2019:Click here

NISP Steering Committee

Dr. Manoj K. Bandil (Convener NISP)

Dr. Shahid Amin (Member NISP)

Mr. Rajkumar Rajoria (Member NISP)

Dr. Ankit Gupta (Member NISP)

Mr. Biswajit Majumder (Member NISP)

Ms. Priusha Narwariya (Member NISP)

Institution’s Innovation Council (IIC)

Ministry of Education, Govt. of India has established an ‘Innovation cell’ namely MIC with a purpose of systematically fostering the culture of Innovation in all Higher Education Institutions (HEIs) across the country. MIC will focus on creating complete ecosystem which will foster the culture of Innovation across all educational institutions from ideas generation to pre-incubation, incubation and graduating from the incubator as successful start-ups. MIC also works on designing ranking system to identify institutions in the forefront of innovation. MIC works closely with the Higher Education Institutions (HEIs) to encourage the creative energy of our student population to work on new ideas and innovation and promote them to create start-ups and entrepreneurial ventures.

Initiatives of MoE’s Innovation Cell

• Institution’s Innovation Council
• Smart India Hackathon
• International Hackathons
• National Innovation Start-up Policy
• YUKTI-2.0

About IIC

Ministry of Education’s Innovation Cell (MIC) launched the Institution’s Innovation Council (IIC) program in collaboration with AICTE to systematically foster the culture of Innovation and start-up ecosystem in higher education institutions. The primary goal of this council is to inspire, encourage and nurture the young students for different activities involved in pre-incubation, incubation and making successful startups.

Institution’s Innovation Council (IIC) @ Institute of Technology and Management

At the Institute of Technology and Management, we have established the Institution’s Innovation Council (IIC) to foster innovation, startups, and entrepreneurship. The IIC consists of professors, students, alumni and industry experts, all working together to create an environment conducive to growth and development. The council conducts quarterly meetings to plan and review activities, ensuring that students have ample opportunities to participate in innovation and entrepreneurship initiatives. These include competitions and events organized by both the Institute’s Innovation Council (IIC ITM) and the Ministry of Education’s Innovation Cell (MIC). Students are encouraged to interact with renowned entrepreneurs, experts, and academics, gaining valuable insights and mentorship. Additionally, the IIC supports students and faculty in experimenting with new technologies and creating prototypes, helping them build confidence in their ideas. This collaborative environment promotes a seamless journey from ideation to startup, providing a vibrant and dynamic platform for innovation and entrepreneurial success.

Institution’s Innovation Council (IIC) Team

Dr. Manoj K. Bandil (President, IIC)

Dr. Shahid Amin (Convener, IIC)

Mr. Rajkumar Rajoria (VP, IIC and Startup coordinator)

Dr. Shushant Kumar Jain (IPR Activity Coordinator)

Ms. Priusha Narwariya (NIRF/ARIIA Coordinator)

Ms. Archana Tomar (Yukti Coordinator)

Mr. Narottam Dutt(Innovation Activity Coordinator)

Ms. Tania Das (Internship Activity Coordinator)

Mr. Amit Jain (Social Media Coordinator)

Dr. Ankit Gupta(Member)

Dr. Monika Chauhan(Member)

Mr. Ankit Shrivastava(Member)

Ms. Vishakha Yadav(Member)

Ms. Muskan Sihare(Member)

Mr. Mukesh Hemnani(Member)

Mr. Akbar Shah(Member)

Mr. Mithun Sahay(Member)

Institution’s Innovation Council (IIC) Activities

MIC Activity Calendar Click here

IIC ITM Calendar Activities for Q2 Click here

IIC Calendar Activities

• Workshop on Design Thinking, Critical thinking and Innovation Design. (Date of Activity-30 December, 2024)







• Expert talk on Process of Innovation Development & Technology Readiness Level (TRL) & "Commercialisation of Lab Technologies & Tech-Transfer. (Date of Activity- 03 January 2025)







• Innovation Showcase: Demo Day/Exhibition/Poster Presentation of Innovations/Prototypes & linkage with Innovation Ambassadors/Experts for Mentorship Support.(Date of Activity- 07-09 January 2025)







• Workshop on Effective Sales and Marketing Strategies for Entrepreneurs /Start-ups. (Date of Activity- 31 January 2025)

Self- Driven Activities

• Cultivating Ethical and Innovative Mindsets in Future Engineering Leaders (Date of Activity: 13 December 2024)







• Alumni Expert Talk on Role of Cloud and AI in shaping the future of IT Industry (Date of Activity: 30 December 2024)







• Ideation Showcase Event (Date of Activity: 14-15 January 2025)







• IPR Training Session (Date of Activity: 10 February 2025)







• Alumni Expert Talk (Date of Activity: 18 February 2025)
• Business Plan Competition (Date of Activity: 17 and 24 February 2025)

Celebration Day Activities

• National Youth Day (12 January 2025)







• National Science Day (28 February 2025)

Latest Notices

Gallery

Contact Us

Dr. Shahid Amin (Convener IIC, ITM)

Email-iic@itmgoi.in

Mobile-7889961796

Contact the Council Members

Incubation Center (IDEAPAD)

Incubation Center (IDEAPAD) Policy

IDEAPAD is the business incubator in ITM. It is envisioned that if various streams of ITM group and students concentrate on solving issues related to the region, their communities, the success of these experiments can be scaled commercially into an enterprise. There are over 7,000 incubators of different kinds around the globe. They create jobs, grow companies and help technologies evolve. ITM Business and Incubator Foundation, established in 2021, is dedicated to helping students transform their ideas into innovations, serving as a launchpad for entrepreneurial endeavors. IDEAPAD is being evolved around resources available in the ITM and will ensure their optimum utilization.

VISION

IDEAPAD envisions a fertile ground where innovative sparks ignite, nurturing entrepreneurs to craft their visionary ideas into thriving, sustainable ventures.

MISSION

IDEAPAD’s mission typically revolves around fostering the growth and success of startups and small businesses.

Following are its objectives:

• Supporting Innovation
• Facilitating Entrepreneurship
• Creating a Supportive Ecosystem
• Mentorship and Expertise
• Access to Funding
• Training and Education
• Networking Opportunities
• Market Access
• Monitoring and Evaluation
• Sustainability
• Community Engagement
• Adaptability and Flexibility
• Success Stories and Impact

CORE OBJECTIVE OF INCUBATOR

• To share benefits with all stake holders (students, faculty, locals, institute)
• To establish ITM as specialty center for the region.
• To provide employment for and by the ITM students.
• To develop skill and craft preservation in the region.
• Introduction of better and relevant technologies in the region.

MENTORSHIP AND FACILITIES

• Prototyping
• Venture registration
• IP protection
• Design support
• Funding
• Office space, logistics and secretarial support

FACILITIES THAT IDEAPAD PROVIDES TO STARTUPS

• Workspace
• High Speed Internet
• Mentorship/Expert Guidance
• Business Plan development assistance
• Marketing & Branding Support
• Legal Assistance (Company Registration, IPR etc)
• Access to Fund/Funding assistance/Investor Connections
• Networking Support
• Lab Facilities

OPERATIONAL GUIDELINES OF IDEAPAD

The operational guidelines of IDEAPAD are:

• Innovation Hub:

  The incubation center serves as a hub for creative thinking and innovation. It encourages a culture of continuous learning, experimentation, and problem-solving.

• Entrepreneurial Community:

  The center creates a strong network of like-minded entrepreneurs, mentors, advisors, and industry experts. This network is essential for collaboration, knowledge sharing, and mutual support.

• Resource Hub:

  The center offers essential resources such as office space, infrastructure, technology support, and access to funding. It ensures that startups have the tools they need to focus on their core business activities.

• Mentorship and Guidance:

  The incubation center connects startups with experienced mentors and advisors who provide guidance on various aspects of business development, strategy, and operations.

• Financial Support:

  The center facilitates access to funding sources, including venture capital, angel investors, government grants, and other funding opportunities. This helps startups secure the necessary capital for growth.

• Training Programs:

  The incubation center organizes workshops, training programs, and events to enhance the skills and knowledge of entrepreneurs. This includes business management, marketing, finance, and other relevant areas.

• Market Validation:

  Startups can validate their products or services in a real market environment and receive valuable feedback from mentors, industry experts, and potential customers.

• Sustainability and Scalability:

  The vision includes assisting startups in developing sustainable business models that can withstand market challenges. Additionally, the center aims to support businesses in scaling up their operations.

• Community Impact:

  The incubation center strives to have a positive impact on the local and regional business ecosystem by fostering economic growth, job creation, and industry development.

• Global Connectivity:

  As a forward-looking incubation center, it seeks to connect startups with global markets, partners, and opportunities, fostering an environment that transcends geographical boundaries.

ITM SPARK

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