Education plays a very important role in everyone's life. Good education means that it is never a certification and getting a job in a reputed and recognized organization or institution, although it also means having a good and social person in life. Technological innovations are having a significant impact on educational systems at all levels. Online courses, teaching aids, educational software, social networking tools, and other emerging technologies are disrupting the traditional classroom environment. As the technological based solutions are used in education sector widely so it open new opportunities for students to learn and grow.
With good technological inputs we get tremendous ideas. So here at this level, education industry has introduced a concept of Entrepreneurship Development. Entrepreneurship Development Cell (EDC) in educational institutions is formed to develop institutional mechanism to create entrepreneurial culture in academics and to foster technology based entrepreneurship for generation of wealth and employment for students.
To harness brilliant ideas of students and to promote self-hosted successful business projects, Colleges like ITS Engineering College, Amity, Galgotias etc. are spending tons of money on Research as well as Seed Funding, Entrepreneurship Development and Project based and Technology based learning. Even the Indian government has also formed separate ministries for Entrepreneurship skills enhancements like Ministry of Small and Medium Enterprises (MSME) and New Generation Innovation and Entrepreneurship Development Centre (NewGen IEDC) to cater innovative and impactful ideas and help students to move ahead in their career and achieve their dreams. If the student has aimpactful idea that meets the threshold set forth by this bunch, then Seed funding is a no strings attached grant under MSME guidelines. Only few selected colleges in North India are under this scheme.
Highly motivated young graduates and post graduates, who want to start companies while still in their colleges, have such an increasing number of resources to tap into that exist just for them. Students that want to learn how to build companies, can apply to an increasing number of fast-track programs that allow them to gain valuable early stage operating experience.
Investing in technology for universities in India may conjure up images of laptops and tablets being delivered to masses, but the greatest ROI in higher education technology comes from software rather than hardware. So to cater this side of technical education, colleges have technology based Industry Oriented Labs,also known as Centre of Excellence, to support students for technical aspects which they will need to introduce fresh ideas. Some of the top companies who have setup such labs are Apple iOS, R Systems, Syscom, ITB &SALT, National Instrumentation etc.Entrepreneurship Development can assist students in the early stage development of your business start-up or social enterprise, invest in market research, or to develop a prototype.
So in Nutshell the objective of Entrepreneurship Development Cells in Colleges is to develop spirit of Entrepreneurship among the Students, Creating Awareness Programmes, Mentoring Students, Assisting in getting financial support for Start-ups.
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