Innovation, incubation start-up are all buzzwords in today’s world of technological breakthrough and ingenious inventions. Many in the corporate world are now resorting to seeking innovative streaks from College students in the hope that fresh ideas can supercede conventional approach.
We, at MVJCE, have been following the above in practice for the last several years which have seen many of our students winning laurels from various opportunities that have come their way. The student’s methods for innovation and the results can be seen in https://www.mvjce.edu.in/entrepreneur-development-cell/
We strive to ensure the exposure of maximum number of students to innovation and pre- incubation activities from their early stage, in order to support the pathway from ideation to innovation to market. It is our constant endeavour to spread awareness among students, faculty and staff about the value of entrepreneurship and its role in career development. Students are encouraged to develop an entrepreneurial mindset through experiential learning, exposing them to training in cognitive skills (e.g., design thinking, critical thinking, Business planning etc.), by inviting first generation local entrepreneurs or experts to address young minds. Initiatives like idea and innovation competitions, hackathons, workshops, bootcamps, seminars, conferences, exhibitions, mentoring by academic and industry personnel, throwing real life challenges, and recognising and awarding student and faculty entrepreneurs for their excellence, also propel them in this direction.
The strong mentor pool at MVJCE supports the students in the proper execution of their innovative ideas and helps them to develop entrepreneurial skills.
|Name of the Person||Affiliation||Role in Committee|
|Dr. P. Mahabeleswarappa||Principal, MVJCE, Bangalore||Chairperson|
|Mr. Vsasantha Kumar Narayan||Founder, Cyclotis, Bangalore Member, Governing Council, MVJCE, Bangalore||Advisor|
|Dr. M. Brindha||Vice Principal, MVJCE, Bangalore||Member|
|Prof. Vaman B. Gudi||Registrar & COE, MVJCE, Bangalore||Member|
|Dr. D. Tamilarasi||ASP, ECE, MVJCE, Bangalore||Member|
|Dr. Sunil Shankar Waddar||ASP, Mechanical Engineering, MVJCE, Bangalore||Member Secretary|
We, at MVJCE, ensure the exposure of maximum number of students to innovation and pre- incubation activities from their early stage, in order to support their journey from ideation to innovation to market. It is our constant endeavour to spread awareness among students, faculty and staff about the value of entrepreneurship and its role in career development. Students are encouraged to develop an entrepreneurial mindset through experiential learning, by giving them training in cognitive skills (e.g. design thinking, critical thinking, business planning etc.) and by inviting first generation local entrepreneurs or experts to address these young minds. Initiatives like idea and innovation competitions, hackathons, workshops, bootcamps, seminars, conferences, exhibitions, mentoring by academic and industry personnel, exposing them to real life challenges, and recognising and awarding student and faculty entrepreneurs for their excellence, also propel them in this direction.
The strong mentor pool at MVJCE supports the students in the proper execution of their innovative ideas, and helps them to develop entrepreneurial skills.
To create an Innovation and Start-up ecosystem for the benefit of students, faculty and MVJCE, and to promote advancements in Science and Technology.
|Angel Fund||An angel investor is a wealthy individual who invests his or her personal capital and shares experiences, contacts, and mentors (as possible and required by the start-up in exchange for equity in that start-up). Angels are usually accredited investors. Since their funds are involved, they are equally desirous in making the start-up successful.|
|Co-Creation||Co-creation is the act of creating together. When applied in business, it can be used as an economic strategy to develop new business models, products and services with customers, clients, trading partner or other parts of the same enterprise or venture.|
|Compulsory Equity||An equity share, commonly referred to as ordinary share, also represents the form of fractional or part ownership in which a shareholder, as a fractional owner, undertakes the maximum entrepreneurial risk associated with a business venture. The holders of such shares are members of the company and have voting rights.|
|Cross-disciplinary Practices||Cross-disciplinary practices refer to teaching, learning, and scholarship activities that cut across disciplinary boundaries.|
|Entrepreneurial Culture||A culture/ society that enhances the exhibition of the attributes, values, beliefs and behaviours related to entrepreneurs.|
|Entrepreneurial Individuals||An individual who has an entrepreneurial mindset and wants to make his/her idea successful.|
|Entrepreneurship education||Entrepreneurship education seeks to provide students with the knowledge, skills and motivation so as to encourage entrepreneurial success in a variety of settings.||Experiential learning||Experiential learning is the process of learning through experience, and is more specifically defined as learning through reflection on doing.|
|Financial Management||Financial Management is the application of general principles of management to the financial possessions of an enterprise.|
|Hackathon||A hackathon is a design sprint-like event in which computer programmers and others involved in software development, including graphic designers, interface designers, project managers and others, often including domain experts, collaborate intensively on software projects.|
|Incubation||Incubation is a unique and highly flexible combination of business development processes, infrastructure, and people, designed to nurture and develop new and small businesses by supporting them through the early stages of their development.|
|Intellectual Property Licensing||A licensing is a partnership between an intellectual property rights owner (licensor) and another who is authorized to use such rights (licensee), in exchange for an agreed payment (fee or royalty).|
|Knowledge Exchange||Knowledge exchange is a process which brings together academic staff, users of research and wider groups and communities, to exchange ideas, evidence and expertise.|
|Pedagogy and Experiential Learning||It refers to specific methods and teaching practices (as an academic subject or theoretical concept) which would be applied for students working on start-ups. The experiential learning method will be used for teaching 'start- up related concepts and contents', to introduce a positive influence on the thought processes of students. Courses like 'Business Idea Generation' and 'Soft Skills for Start-ups’ would demand experiential learning rather than traditional class room learning. Business cases and teaching cases will be used to discuss practical business situations that can help students to arrive at a decision while facing business dilemma(s). Field-based interactions with prospective customers and support institutions will also form a part of the pedagogy which will orient the students as they acquire field knowledge.|
|Pre-incubation||It typically represents the processes that entrepreneurs follow, when they are in the very early stages of setting up their company. Usually, entrepreneurs come into such programs with just an idea of an early prototype of their product or service. Such companies can then graduate into full-fledged incubation programs.|
|Prototype||A prototype is an early sample, model, or release of a product built to test a concept or process.|
|Seed fund||Seed fund is a form of securities offering in which an investor invests capital in a start-up company in exchange for an equity stake in the company.||Special Purpose Vehicle||Special purpose vehicle, also called a special purpose entity, is a subsidiary created by a parent company to isolate financial risk. Its legal status as a separate company makes its obligations secure even if the parent company goes bankrupt.|
|Start-up||An entity that develops a business model based on either product innovation or service innovation, and makes it scalable, replicable, and self-reliant, as defined in Gazette Notification No. G.S.R. 127(E) dated February 19, 2019.|
|Technology Business Incubator||Technology Business incubator (TBI) is an entity which helps technology- based start-up businesses with all the necessary resources/support that the start-up needs to evolve and grow into a mature business.|
|Technology Commercialization||Technology commercialization is the process of transitioning technologies from the research lab to the marketplace.|
|Technology Licensing||Agreement whereby an owner of a technological intellectual property (the licensor) allows another party (the licensee) to use, modify, and/or resell that property, in exchange for a compensation.|
|Technology Management||Technology management is the integrated planning, design, optimization, operation and control of technological products, processes, and services. Venture Capital It is the most well-known form of start-up funding. Venture Capitalists (VCs) typically reserve additional capital for follow-up investment rounds. Another huge value that VCs provide is access to their networks for employees or clients, for products or services of the start-up|
|Venture Capital||It is the most well-known form of start-up funding. Venture Capitalists (VCs) typically reserve additional capital for follow-up investment rounds. Another huge value that VCs provide is access to their networks for employees or clients, for products or services of the start-up|