At ED cell, we encourage and support students to opt entrepreneurship as a career opportunity and strengthen the student’s start-up at campus. We take efforts to be a leading contributor in the field of Incubation to cultivate, foster and stimulate the entrepreneurial aspirations and provide an ecosystem to create innovative, sustainable, and profitable job creating start-ups.
Vision
To be a leading contributor in the field of Incubation to cultivate, foster and stimulate the entrepreneurial aspirations and provide an ecosystem to create innovative, sustainable, profitable and job creating startups.
Mission
- To encourage and support students and youngsters to opt for entrepreneurship as a career opportunity
- To strengthen the students, alumni and local entrepreneurial ecosystem by providing the necessary information, knowledge, support, facilities and organise community-level programs and summit to develop the start-up culture
- To connect the start-up aspirants with the respective domain experts, entrepreneurship mentors, consultants and investors
- To work and network with various organizations in the field of entrepreneurial development
Role and responsibilities of the cell:
- To encourage and support students and youngsters to opt for entrepreneurship as a career opportunity
- To strengthen the students, alumni and local entrepreneurial ecosystem by providing the necessary information, knowledge, support, facilities and organise community-level programs and summit to develop the start-up culture
- To connect the start-up aspirants with the respective domain experts, entrepreneurship mentors, consultants and investors
- To work and network with various organizations in the field of entrepreneurial development
Total funding received
- Institute has been approved by Development Commissioner MSME as a Host Institute for BI-MSME scheme (refer to the last page of attachment) [Under the private institute category at India level only 19 institute has been approved by DC-MSME, in Maharashtra state only 2 institute finally qualify for this and we are one of them. For a Plant and machinery Institute will get 1 cr funding]
- Idea Name: “Digital Artificial Insemination Device” has got approval of Rs: 12.75 Lakh under MSME-BI scheme. Soon it will get credit to institute account [It delayed due to covid pandemics]
- ‘MITAoE Entrepreneurial Development Foundation’ has been approved by the Experts Advisory Committee (EAC) with a total commitment of Rs. 20000000 financial support. Among this, the first tranch of Rs 8400000 has been received. Disbursement to first 5 startups has been completed.
Under the entrepreneurship cell umbrella, we have organised various events including workshops, competitions, webinars and seminars on Innovation, IPR, start up events, etc. in the last 5 years to inspire students for the entrepreneurial journey. The various Programs such as Practice Venture (PV), Institution’s Innovation Council (IIC),Kapila, Yukti and participation in competitions such as the National Entrepreneurship Challenge which is the part of the functioning of ED-Cell. Besides PV and IIC, ED-Cell also conducts its informative advanced events. To broaden the frontiers of Entrepreneurship Research, ED-Cell is planning to establish a Centre for Innovation in Entrepreneurship Education and Development to investigate a range of issues surrounding the small and medium enterprise sector and establish a network of researchers and trainers by conducting biennial seminars on entrepreneurship education and research.