Innovation is production or adoption, assimilation, and exploitation of a value-added novelty in economic and social spheres; renewal and enlargement of products, services, and markets; development of new methods of
production; and establishment of new management systems. It is both a process and an outcome.
Incubation is one of the four proposed stages of creativity, which are preparation, incubation, illumination, and verification, it is a process of unconscious recombination of thought elements that were stimulated
through conscious work at one point in time, resulting in novel ideas at some later point in time.
In our considered view, innovation and incubation hold the key to sustenance of all entrepreneurial efforts-
be it within educational systems or elsewhere. We fervently wish to link innovation and incubation to bring about positive changes in productivity, quality, efficiency and competitiveness as our students, faculty
and other stakeholders seek to transform ideas into products or services.
Entrepreneurship is the process of designing, launching and running a new business, which typically begins as a small business, such
as a start-up company, offering a product, process or services for sale or hire, and the people who do so are called 'entrepreneurs'.
Today, entrepreneurship can start early, even in teens. Moreover, students
pursuing professional courses are powerhouses of ideas, ingenuity and talent. They can disrupt any technology or business model. Hence, we believe that our own academic world offers us great opportunities in harnessing
ideas for tomorrow and actualize them by facilitating and mentoring young student entrepreneurs. Fortunately, through this initiative, we have real opportunity to identify talent, groom and nurture future entrepreneurs.
In this perspective, the Government of India and AP state Government have designed a variety of programmes to promote and co-create entrepreneurship climate even in semi urban, and rural areas.
As part of our
shared responsibility, we have been organizing awareness programmes on entrepreneurship since the year 2013 and trying to plant such ideas in the minds of our technical and management students. In this motto in
mind, we are seriously promoting entrepreneurship as a core value in order to see mind set changes among students from job-seeking to job-creation. In our efforts in creating and spreading entrepreneurial awareness,
we have utilized the expertise and real time experience of academics, industrialists, entrepreneurs and business leaders from all sectors such as Government, Public sector, Banks, Manufacturing etc.
The role of our innovation team is to conceive, champion, and carefully develop a new approach that is yet to be tried elsewhere. The team’s composition and dynamics reflect our focus on bring on board professionals with diverse skill set and academic
orientation.
Every individual is expected to exhibit balance in team-role preferences. Each member is expected to explore inter-disciplinary work groups and scenarios.
It is expected that a good mix of individuals
with varied preferences will do much to ensure a well-composed team that is able to perform at a high level through all the different stages of process. Hence, we look forward to maintain best standards of professional
communication and team work to achieve success in the innovation process.
Ideation is regarded as the creative process that generates, develops and communicates novel ideas, which is understood to be a basic element of thought, visual, concrete, or abstract. Through this platform, we seek to empower all stakeholders to discover ideas in a way similar to the discovery of the real world, from personal experiences. Through the process of ideation, we seek seamless exchange of ideas, and exciting as well as more productive collaboration among students, faculty and prospective entrepreneurs and connect them to real time business mentors and facilitators.
S.No. |
Name of the Equipment |
Quantity |
Unit Price |
Total Amount |
1 |
Raspberry Pi3 Complete kit |
03 |
6800 |
20400 |
2 |
Stepper Motor trainer kit |
01 |
5300 |
5300 |
3 |
Arduino experimental kit |
02 |
5400 |
10800 |
4 |
Solar educational kit |
02 |
8500 |
|
5 |
Scientific SM410 |
01 |
17500 |
17500 |
6 |
Scientific SM5070 |
02 |
6250 |
12500 |
7 |
Regulated Power supply |
02 |
5400 |
10800 |
Centre has Memorandum of Understanding (MoU) with IIT Bombay and Initiatives are also taking place by IIT Bombay. In the perspective IIT-Bombay has selected student- ambassadors from our college for expanding the boundaries of Innovation, Incubation and
Entrepreneurship culture in this region.
Centre has association with Indian School of Business (ISB-Hyderabad) and initiatives have also progressive. The ISB-TEP (Technology
Entrepreneurship Program) -2019 (one year program) was initiated by ISB-Hyderabad. Our college students have admitted in ISB-TEP program.
Centre has association with Andhra Pradesh State Skill Development Corporation
(APSSDC) and Andhra Pradesh Innovation Society (APIC), Government of Andhra Pradesh. They have been initiating variety of programs-Innovation, Incubation and Entrepreneurship. By their support, the college is promoting
such ambience in the college atmosphere. Our students and faculty members participated in their programmes also.
CIIE organizes domain-specific awareness and training modules at regular intervals to cater to
the needs of the youth from diverse backgrounds. CIIE encourage students on idea generation, incubation and prototype design, entrepreneurship, patent rights and commercialization. CIIE conducts "Ideation Fest"
and "Entrepreneurship awareness programs" at appropriate times. CIIE thus provides a platform for exhibiting innovative ideas and encourages them to create new innovative ideas.
CIIE provides the required development
facilities for a proposed idea in terms of seed money for components, test equipment and other development requirement if any.
Academic Year |
Programs Organized |
Students participated |
Fund received from EDII |
2018-19 |
To be organized |
- |
Rs.20,000 |
2017-18 |
04 |
250 |
Rs. 20,000 |
2016-17 |
05 |
357 |
Rs. 16,000 |
Table: Effectiveness of CIIE during last three assessment years