MBC Peermade

Innovation and Entrepreneurship Cell

Vision

To develop successful entrepreneurs who embody leadership qualities and employ innovative, ethical business practices to achieve a global impact.

Mission

To foster and encourage an entrepreneurial culture among students by identifying, training, and motivating them to pursue entrepreneurship.

Objectives

To organize Entrepreneurship Awareness Camps and Entrepreneurship Development Programs.
To enhance connections between the institution, local industries, R&D centers, and organizations involved in promoting Small and Medium Enterprises (SMEs), including NGOs and other voluntary organizations.
To stimulate and advance the development of science and technology-based enterprises and create employment opportunities.
To raise awareness about entrepreneurship among students.
To instill an entrepreneurial spirit and culture among Science and Engineering graduates and postgraduates.

Functions

To organize Entrepreneurship Awareness activities, Entrepreneurship Development Programs, and Faculty Development Programs in the region for the benefit of science and technology professionals.
To develop and implement an entrepreneurship development curriculum at various levels, including degree and diploma courses, across the parent institution and other regional institutes.
To support and guide prospective entrepreneurs in preparing project reports, securing project approvals, obtaining loans and facilities from support agencies, and providing information on various technologies.
To conduct research and surveys for identifying entrepreneurial opportunities.
To organize industry visits for prospective entrepreneurs.
To provide essential guidance and escort services to trainees for securing approval and executing their projects.
To serve as a Regional Information Centre for business opportunities, processes, technologies, and markets by creating and maintaining relevant databases.
To offer testing, calibration, quality assurance, design, tool room, pilot plant, and other facilities for entrepreneurs, along with expertise in intellectual property rights and patent searches.
To provide advice to struggling enterprises and assist entrepreneurs in their rehabilitation efforts.
To conduct skill development training programs aimed at fostering self-employment and facilitating startup ventures.

Strategies

Roles & Responsibilities of Coordinator

He organizes the regular activities and entrepreneurship awareness programs for the IEDC.
He encourages members to organize department-level programs related to the IEDC.
He plans the annual activity schedule and ensures smooth execution with the assistance of members and the student coordinator.
He provides instructions and guidelines to committee members for organizing all annual activities according to a well-defined schedule.
He holds meetings twice a year to review previous programs and discuss plans for upcoming ones.
He supervises the working of IEDC volunteers.
He maintains the necessary files.
He coordinates with officials from district and state-level entrepreneurship departments regarding IEDC projects and activities.
He arranges meetings for the IEDC committee in consultation with the Principal and also attends external meetings related to entrepreneurship programs.
He is responsible for managing the equipment and supplies purchased with IEDC funds and transfers responsibility for these items to his or her successor at the end of the tenure.

Roles & Responsibilities of Student Members

Learn the process for establishing startups.
Understand how innovative ideas are developed into new products or services.
Learn about government organizations such as MSME, their objectives, and the funding opportunities they offer to support projects.
Understand how innovative ideas are developed into new products or services.
Learn about government organizations such as MSME, their objectives, and the funding opportunities they offer to support projects.