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Entrepreneurship Development Cell (EDC)
The Entrepreneurship Development Cell (EDC) at Shri Ram Murti Smarak College of Engineering and Technology (SRMSCET) is committed to nurturing entrepreneurial skills, innovation, and a startup mindset among students. As the world shifts toward innovation-driven economies, entrepreneurship has emerged as a key avenue for driving economic growth, solving real-world problems, and creating job opportunities. The EDC provides an active platform for students to ideate, experiment, and transform their creative ideas into scalable and sustainable ventures. EDC aims to build a culture where entrepreneurship is viewed not just as a career option but as a mindset and a way of life.
Objectives and Role of EDC
The EDC is established with the objective of inspiring students to become innovators and entrepreneurs. It plays a pivotal role in encouraging students to explore opportunities beyond conventional employment, empowering them to build ventures from scratch. It offers guidance on startup ideation, market research, business development, financial planning, and regulatory compliance.
The EDC also supports students in understanding and leveraging Intellectual Property Rights (IPR), which is essential for protecting their innovations. By educating students on patents, copyrights, trademarks, and design rights, the EDC helps them secure legal protection for their unique products, designs, and technologies—thus adding value to their business ideas and enhancing credibility in the market.
Additionally, the EDC collaborates with external incubators, government schemes (like Startup India), and industry bodies to offer financial, technical, and legal support. It bridges the gap between academics and real-world entrepreneurship.
Key Activities of the EDC
The EDC conducts a variety of structured activities aimed at enhancing entrepreneurial awareness and skill development
The cell regularly invites successful entrepreneurs, IPR professionals, startup founders, and venture capitalists to share their journeys and expertise. These interactions expose students to the real-world startup ecosystem and offer motivation along with practical guidance.
Students participate in business plan competitions where they present their innovative solutions in front of expert judges. These competitions often include an IPR evaluation component, where students are encouraged to identify and describe the protectable elements of their ideas.
Boot camps focus on rapid idea development and validation. Students work in teams to prototype solutions and receive mentoring from experts. These camps also include sessions on IPR strategy, helping students recognize the value of protecting their intellectual contributions early in the process.
Through visits to industries and incubators, students gain a deeper understanding of startup ecosystems, innovation pipelines, and the importance of IPR in commercializing technology. Exposure to real-life IPR case studies helps them appreciate its role in business competitiveness.
These sessions provide hands-on knowledge on entrepreneurial tools and techniques, such as business model canvas, financial forecasting, and digital marketing. Specialized workshops on IPR awareness are also conducted, helping students understand how to apply for patents or register trademarks for their innovations.
Benefits to Students
Participating in the EDC offers numerous benefits, both immediate and long-term
Students are guided in filing for patents, copyrights, and trademarks, protecting their ideas and boosting investor confidence. Understanding IPR adds strategic value to their startups and can even create revenue through licensing.
From ideation to execution, students receive step-by-step assistance in building a business. The EDC helps with legal registration, funding opportunities, incubation support, and scalability strategies.
The EDC connects students with mentors, alumni entrepreneurs, investors, and professionals across industries, creating a powerful support ecosystem.
The EDC inspires students to become job creators rather than job seekers, aligning with India’s vision of becoming a global innovation hub
Students acquire critical skills such as creative thinking, strategic planning, pitching, negotiation, and leadership.