New Generation Innovation and
Entrepreneurship Development Centre (NewGen IEDC) is the programme launched by
National Science and Technology Entrepreneurship Development Board (NSTEDB),
Department of Science & Technology (DST), Government of India. NewGen IEDC was established in Kuppam Engineering College in 2017 headed by Dr.
G.N. Kodanda Ramaiah, R&D Director & HOD/ECE. DST, NSTEDB, Government
of India had sanctioned Rs. 2.87 Crores for five years 2017-2022 for
establishment of New
Generation Innovation and Entrepreneurship
Development Centre, where each student innovative project given seed fund of Rs.
2.5 lakhs.
NewGen IEDC will aim to inculcate the
spirit of innovation and entrepreneurship amongst the young S&T students,
encourage and support start-up creation through guidance, mentorship and
support. The programme will be implemented in academic institutions. Students
will be encouraged to take up innovative projects with the possibility of
commercialization.
KEC
NewGen IEDC has a mission to “Promote knowledge-based and technology-driven
start-ups by connecting young minds and their innovation potential in an
academic environment”. NewGen IEDCs would also spread the message of
entrepreneurship and create a culture of entrepreneurship in the Host
Institution (HI). Faculty already trained in the nuances of entrepreneurship,
the presence of NewGen IEDCs in HI would create a vibrant entrepreneurial
culture amongst the students. Few amongst the “Job-Seekers” would be converted
to “Job-Generators” through the entrepreneurial route.
