Entrepreneurship Cell or E-Cell is an initiative of Vision Group of Institutions to work towards preparing future job providers for the country and the society on whole.
Entrepreneurship is the process of designing, launching and running a new business, which is often initially a small businesses. The people who create these businesses are called entrepreneurs An Entrepreneur is an entity which has the ability to find and act upon opportunities to translate inventions or technologies into products and services. In other words, the entrepreneur…
Few Initiatives taken by E-Cell of VIT
India is one of the youngest country demographically, with Human Resource as our greatest strength. However this needs to be tapped properly to furnish the best possibilities for the future. One of the most vital needs of the country on whole is to develop a culture of entrepreneurs and start-ups.
If we see the large picture then we find that entrepreneurs can help a country in many ways. It helps a country to reduce its unemployment rate, to become financially and technologically self sufficient, to raise the standard of living of citizens and to reduce the regional imbalances. One single entrepreneurial unit, impacts so many lives and agencies directly or indirectly:-
- It provides financial security to its employees
- Value and satisfaction to customers
- Support system and trading to other businesses and industries
- Revenue to government by paying taxes; income to financial houses by paying interests for loans
- Contribution to schools, colleges, health institutions, infrastructure etc.
- Foreign currency to the economy through exports
In short, an entrepreneur helps a country in its overall economic development. In such a situation promotion of entrepreneurship is very much needed in the country like India. Again, as India’s a greater part of population is young, it has potential for demographic dividend, which occurs when the proportion of working people in the entire population is more than the rest. It signifies that more citizens have the potential to work, be productive and contribute for the county’s economic development. If more young people choose to become entrepreneurs, then the problem of unemployment can be reduced to a large extent.
On its mission towards building an enterprising India, Entrepreneurship Cell VIT provides great opportunities for start-ups, Schools, alumni and corporate to get involved with us.
Why associate with us?
Indian government has realised the need of new entrepreneurs for development in various fields. In continuation with this, Department of Science and Technology, Government of India, is very keen on developing Entrepreneurial Development bodies in all major educational institutions in India. In this regard, Entrepreneurship Cell, VIT stands out as a pioneering organization. Moreover, it is formed of active and vibrant students, full of ideas to Ideate, Innovate & Incubate. Thus, any association with us will be symbiotic and mutually rewarding to both sides.
Why should you get involved ?
VIT is growing as a pioneer of technology, innovation and entrepreneurship in this part of the country. Every year, this hot-spot continues to brew up many innovative new ideas, which have the potential of creating huge economic returns. Entrepreneurship Cell invites business ideas from students through its various Business Plan Competitions, and the Innovation Platform. Most of these plans, however, are received in a very crude form and need a lot of expert guidance and support before they can face the competitiveness of the business world. For this, we look up to the alumni, who have years of experience as students of the institute and hence, can act as the best mentors.
How can you help ?
There are various ways in which you get involved.
(a) Mentoring: The Business ideas we receive as entries need to be mentored and improved upon, before they can be established as profitable companies. You can act on the advisory board of the company and help with problems pertaining to your area of expertise.
(b) Angel Investing The most common problem faced by nascent startups is the lack of funds. Many potentially great ideas fizzle out each year due to the sheer lack of funds. You can act as an angel investor by providing seed capital to these startups. You can otherwise provide token funding for projects under Innovation Platform.
E-Cell strives to bring about a paradigm shift. Engineering Colleges need to produce the next wave of entrepreneurs who will take strides towards fulfilling visions of India in 2030, and we here at E-Cell look forward to providing the right ecosystem.
I. Sponsorship for events
VIT conducts number of events throughout the year. Corporates associated with E-Cell get additional discounts.
We at E-Cell, preach only what we practice. Hence, we have stuck to our motto of “Dare to be different” when it comes to our sponsors too. The advantages we provide to our sponsors are very unique:
- Branding Apart from the conventional branding methods such as banners and posters, we offer certain innovative branding methods such as a presentation slot, video advertisement during the event and live blogging and tweeting.
- Corporate Social Responsibility When associating with E-Cell, the money invested has a direct social impact, as most of the participants in our events look to start up on their own, and when they do so, they help in economic and hence, social development. Besides, entrepreneurship is one of the core development areas of Vision 2030.
- Employer Opportunities The main audience in our events includes not only college students but also young professionals. This results in very good employer opportunities.
II. Mentoring and Support
Entrepreneurship Cell is on the lookout for corporates who can mentor the Business Model that qualify in our competitions and the scores of other startups that look to us for connecting them with the right mentors. They can act as angel investors or as help with the technical aspects. Either way, a good return on investment is to be expected as most of the startups incubated through us have gone on to win various awards and are flourishing in their respective industries.
Entrepreneurship Cell has many offerings for newly started ventures as well as those in the pipeline. Check up with our E-Cell administration for full details.