Introduction
India would be the third largest economy in the world, behind only China and the US by 2050(PWC Report, 2017). India has the largest youth population in the world with around 66 per cent of the total population under the age of 35 (United Nations World Youth Report, 2018). This phenomenon is called, “Demographic Dividend” which will contribute to India’s economy. In 2019, the estimated youth unemployment rate in India was at 23.01 percent Find Nemo and movie. For the past decade, India’s youth unemployment rate has been hovering around the 22 percent (ILO Report, 2019). India’s current population of 1.2 billion is an opportunity. According to a PWC Report (2014), India’s US US$10tr economy in 2034, 40% of this would be contributed by entrepreneurs.
As the government takes steps to promote a culture of enterprise, Academic Institutes have an important role to play in promoting entrepreneurialism in India. Hon’ble Prime Minister of India launched the Startup India Initiative in the year 2016. The idea is to increase wealth and employability by giving wings to entrepreneurial spirits egov file. Skill development and creating job opportunities go hand in hand to enhance the country economically and technically. Developing entrepreneurship opportunities meet the required demand of economic landscape of India. The aim of the E Cell is to develop young entrepreneurs by providing them necessary skills, trainings, proper guidance and motivation to be entrepreneurs.
Vision:
Creating a sustainable and diverse entrepreneurial ecosystem to develop, support and deliver the entrepreneurial spirit amongst students whichenables them to create andproliferate theirbusiness pill update.
Mission:
1. To nurture innovativeness and fostering entrepreneurial culture among students.
2. To create, develop and impart the ability to devise solutions for the problems
of society and industry.
3. To work with industry in pursuit of knowledge and research, leading to the development of cutting
edge and commercially-viable technologies.
Objectives:
The Entrepreneurship Development Cell is solely responsible for incubating entrepreneurial ventures within the campus and providing them with necessary assistance and resources for their expansion gt works3 64bit 다운로드.
1. To create awareness on Entrepreneurship among students.
2. To inculcate Entrepreneurial Spirit and Culture among students.
3. To kindle the sparks of students to develop their own start-ups.
4. To prepare the students to run family businesses, and manage new ventures within established organizations.
Policies and Guidelines / Framework
To fulfill the objectives of EDC of NMITD, the framework includes 5 major standards;
1. Formal Education and Training
2. Facility
3. Quality
4. Technology Transfer
5. Social Entrepreneurship
1. Formal Education and Training
Most of the students are not moving towards the entrepreneurship due to lack of knowledge, how to convert their idea or innovation into product Edge of Tomorrow. However, through the EDC we-
2. Facility
3.Quality
National standards for the skills and enterprise must be maintained as per norms of Quality Assurance framework of India. To maintain and enhance the quality following guidelines are followed
4. Technology Transfer
The entrepreneurs should get familiar with the industrial scenario that is the new techniques, business requirement and market demand. Special efforts will be provided to streamline the innovations into products.
5. Social Entrepreneurship
Organizational Structure of EDC:
Chairman: Dr. SamadhanKhamkar( Director)
Convener: Mr. Girish Jadhav (Assistant Professor, MMS)
EDC Member:
Dr. Anita Bobade (Professor, HOD-MMS)
Ms. Apeksha Gaje
Functions of EDC:
1. To organize Entrepreneurship Awareness Camps, Entrepreneurship Development Programs, Faculty Development Programs and Management Development Programs.
2. 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.
3. To organize guest lectures, seminars, etc. for promotion and growth of entrepreneurship.
4. To arrange visits to industries for prospective entrepreneurs.
5. To arrange interaction with entrepreneurs and create a mentorship scheme for student entrepreneurs.
6. To setup and operate an Incubation Cell – ATAL in association with RambhauMhalgiPratishthan andGarje Marathi Global.
7. To makeMoUs with different Entrepreneurial Institutes (Asian Institute of Family managed Business)
Standard operating Procedure (SOP):
1. Interested Studentswill register with the E-cell
2. Entrepreneurship training will be provided by theexpert
3. Studentswillmentor and come with the idea
4. An expert will help them to develop the idea at commercial level
5. Fully developed idea will be present in front of the Venture Capitalist (VC)
6. Students will get financial support from VCs
7. Other support has been provided to them from E-Cell
8. Successful students will guide and motivate other students to become an entrepreneur
Fig: Standard Operating Procedure (SOP)