Entrepreneurship is key to the growth of the country and engineering colleges are the best source of entrepreneurs. The Government, at all levels, has been promoting innovation and entrepreneurship through many schemes. IEEE’s Technology and Engineering Management Society (TEMS) has a keen focus on Innovation and Entrepreneurship. TEMS Bangalore Chapter has taken the initiative to encourage entrepreneurship at engineering colleges at early to middle stages of maturity by running a six month long program for selected students and associated faculty at shortlisted colleges. This will support the colleges own efforts under the several Government ranking schemes. NIRF, ARIAA and IIC rankings all have a key element of entrepreneurship in them and colleges will benefit by participating in the YEEP.
Every college would like to have a well run incubation and entrepreneurship center. However many colleges might be in an earlier stage of the maturity curve. Such colleges will benefit by being part of this program and develop capabilities that will let them take further steps on their own.
TEMS Bangalore plans to shortlist colleges that have plans to develop their capabilities and can commit resources to do so, as part of this program. No fees are anticipated to be paid by the college at this time, but this could change depending on the number of colleges shortlisted. The shortlisted colleges will run a call for submissions by students to participate in this program. The students, in teams of 2 or 3, will then participate in the main program which will last approximately 6 months.
Each team will be associated with a mentor from the community of startup founders. There will be a series of training workshops over the 6 month period to introduce the students and the associated faculty to the entrepreneurship journey.
Facilities to assist the student teams to draft and file patents or set up companies will be made available by our partner organizations. Towards the end of the program, we will be setting up a pitch to investors and potential customer and partner organizations.
This is an ambitious program that, we hope, will spark the flame of entrepreneurship in every college. This program is itself an entrepreneurial one – taking on a difficult problem without any guarantee of success. We have to ourselves, as a startup mode activity, follow many of the lessons we will be teaching the students.
We are not alone though. Like our student teams, we have our own mentors. We have a really eminent panel of advisors, who have all committed to guide us in making this program successful.
- Mr. Sathya Prasad, CEO of Center for Innovation and Entrepreneurship @ PES University
- Dr. Vinay Dabholkar, Consultant, Author and Teacher. Faculty at IIMB and IITB
- Ravikiran Annaswamy, Founder and CEO of Numocity and VP of MMC at IEEE TEMS
- Dr. Subodha Charles, Faculty at University of Moratuwa, CEO of Alta Vision, IEEE Entrepreneurship Steering Committee member
We also have the support of organizations that believe in this program.
- Center for Innovation and Entrepreneurship @ PES University
- Atal Innovation Center at Dayanand Sagar University
- IEEE Entrepreneurship
- Comviva Technologies
We expect other organizations to support this initiative as we progress.