The academic institutions play an important role in the economic development of a country as they produce the right type of manpower needed by different sectors of the society. The technical institutions and institutions of higher learning assume greater importance as these produce the technical manpower needed by the industry and R & D institutions. In order to make optimal use of facilities, expertise and know-how available in these institutions for the benefit of the society, it is necessary that appropriate links are established between the institutes of higher learning and the industry. In order to have better interaction and linkage between Industries and Universities, higher learning institutions, Department of Science and Technology (DST), Govt. of India, formed a board, NSTEDB, in the year 1982 which formulated several mechanisms like STEP (Science and Technology Entrepreneurs Park), EDC (Entrepreneurship Development Cells), TBI (Technology Business Incubators) and these mechanisms are to be tried out in technical institutions across the country.
Today this EDC is one of its kind in Tamil Nadu and one among the 50 EDC's existing in the country. The Entrepreneurship Development Cell ( EDC-ACT ) was established in the college in December'2013. The College sanctioned full funding for the first year of establishment and programme support will be extended from the date of inception by an MoU with CED, Madurai for a period of 3 Years. The ED cell started functioning from February'2003 onwards.
Dr.Sree Rathna Lakshmi N.V.S, Professor in Electronics Communication Engineering Dept and Dr.Vijayananth.S, Associate Professor in Mechanical Department are the coordinators of ED Cell. Today the cell is functioning on full time basis to carry out the activities on day-to-day basis. All the infrastructural facilities required for smooth functioning of the cell were created."
VISION:
To become a cell of excellence in the field of co-curricular and extra-curricular activities by offering a range of programmes of institutional standards and transform students into competitive personality. To develop innovative solutions for the needs of society and disseminate essential knowledge to the global needs.
OBJECTIVES:
General Objectives include::
To Understand themselves in relation to their community;
To identify the needs of the community and involve them in problem-solving process;
To develop among themselves a sense of social and civic responsibility; and
To utilize knowledge in finding practical solution to individual and community issues.
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.
To conduct :
Entrepreneurship Awareness Camps (EAC);
Entrepreneurship Development Programs (EDP);
Faculty Develpment programs (FDP); and
Skill development programs (SDP) for the S&T persons of our college as well as students from neighboring institutions and any graduate student in Tamil Nadu.
To assist them in starting industries of their own right from :
Product Identification (PI);
Market Survey, tools for market research;
Preparation of Project Reports; and
Assist them in getting Technical feasibility Reports
To liaison with various external agencies like CIPET, NSIC, CFTRI, CLRI, SIPCOT, SIDCO, SISI, DIC and leading Financial Institutions & Banks like IDBI, SIDBI, TIIC, Indian Bank and others.
Consultancy and research.
FAQ:
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.
What is entrepreneurship?
Entrepreneurship is the process which involves all the functions, activities,and actions associated with perceiving opportunities and creating organizations to pursue them. A great idea is simply not enough, it must be coupled with a solid business model if the business is to succeed.
Why entrepreneurship?
Many students interested in entrepreneurship (70% of young adults want to own a business someday)seek a stimulating career path organized around founding or managing new ventures. While many of these students choose to pursue an entrepreneurial idea immediately as a new venture or join an existing small company or family business, still others choose to first gain experience in larger business organizations, professional service firms or investment banks.
Does entrepreneurship relate only to start-ups?
No, entrepreneurship exists in large corporations as well as non-profit institutions. Many profitable entrepreneurial opportunities exist in large organizations because successful companies focus on development and innovation of products and services. In many companies, innovative new products and services are the basis for creating new ventures that spin off into separate entrepreneurial entities. It is likely that many students will be exposed to entrepreneurial opportunities in large firms over the course of their corporate or professional service careers.
Social entrepreneurship involves not-for-profit firms, including many educational, social services and arts organizations. Tight resource constraints mean that social entrepreneurship poses a challenge for even the best management talent, and students interested in careers in not-for-profit management would benefit from significant exposure to entrepreneurial management. Over the course of their careers, many students will participate in social entrepreneurship as business or financial consultants or as volunteers or as members of boards of directors of these organizations.
What is entrepreneurship education?
Entrepreneurship education is the process of providing individuals with the concepts and skills to recognize opportunities, and to have the insight, confidence and knowledge to act where others have hesitated. It includes instruction in opportunity recognition, feasibility research, organizing resources, and initiating a business venture. It also includes instruction in business management processes such as business planning, capital development, marketing and cash flow analysis..
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