Malla Reddy College of Engineering

ENTREPRENUER DEVELOPMENT CELL

Overview: Entrepreneurship is increasingly recognized as an important driver of economic growth of a country. Government of India has recognised the importance of entrepreneurship and has the initiatives “Make in India” & “Start-up India”.

Entrepreneurship Development Cell (EDC) provides seamless service for promoting entrepreneurship movement with belief that entrepreneurs need not necessarily be born, but they can be trained and developed through well conceived and well directed intervention.

The aim of Entrepreneurship Development Cell (EDC) at Malla Reddy College of Engineering is to develop and strengthen entrepreneurial qualities in the budding professionals who are interested in starting their own ventures. The institution provides infrastructure and technical support to the students having innovative ideas to transform into new products and services for the betterment of the society. The EDC also assists all the aspirants with mentoring, planning and execution of their start up idea into a real business. The EDC has maintained a pool of sponsors like national entrepreneurship training agencies and suppliers, who are willing to aid budding entrepreneurs.

EDC is associated with State Level Entrepreneurship Development Organizations, NGOs Voluntary Organizations, Educational Institutions, Financial Institutions, and Business Associations & EDI Ahmadabad. EDC acts as a liaison between Government and Entrepreneurs by providing necessary information and consultancy services.

Entrepreneurship refers to the act of setting up a new business to reviving an existing business, so as to take advantages from new opportunities. Thus, entrepreneurs shape the economy by creating new wealth and new jobs and by inventing new products and services.

EDC conducts awareness programmes, workshops and seminars and provides follow up services after the training programmes.

VISION

Grooming successful entrepreneurs imbibed with leadership, integrity & sustainability qualities using innovative and ethical business practices.

MISSION

To foster entrepreneurial thinking, promote, facilitate the business knowledge and be dynamic business leaders.
To inculcate within the faculty and the students the need and importance of Enterprise Development.
To promote culture of innovation to enterprise among the students.

OBJECTIVES

To create entrepreneurial culture in our Institution and providing various services including information to budding student entrepreneurs.
To Enhance Entrepreneurial values among students and facilitate their choosing Entrepreneurship as a preferred career.
To Facilitate introduction of entrepreneurship courses in academic system
To catalyse and promote development of Science and Technology based Enterprises and promote employment opportunities.
To Stimulate and augment the entrepreneurial spirits and skills among students to create new micro, small and medium enterprises in the private sector with the help of NGOs and other voluntary organisations
To impart training on Capacity building \ enhancement of entrepreneurship development with agencies, NGOs and Government organizations for developing & promoting entrepreneurship, facilitating technology transfer, product development, partnering and market accessibility.
To Provide support and facilitation services to prospective and existing entrepreneurs in business related activities.
To become a resource centre to offer capacity building in the area of Entrepreneurship Development, students empowerment and micro finance development and small business management.
To Integrate/Converge and internalize various approaches in Entrepreneurship Development in different regions to facilitate a visible impact.