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A premier engineering college in the state, located at Kochi

COLLEGE CODE : MUT

Affiliated to APJ Abdul Kalam Technological University
Approved by AICTE

[email protected] | 0484-2883300/0484-2732100/111

Relentless passion for excellence...

(Promoted by The Muthoot Group)

POLICY FOR INNOVATION AND ENTREPRENEURSHIP DEVELOPMENT CENTRE

MUTHOOT INSTITUTE OF TECHNOLOGY AND SCIENCE

Innovation and Entrepreneurship Development Centre (IEDC)

The Innovation and Entrepreneurship Development Centre (IEDC) is being promoted in educational institutions to develop institutional mechanism to create entrepreneurial culture in S&T academic institutions and to foster techno-entrepreneurship for generation of wealth and employment by S&T persons. The IEDCs are established in academic institutions (science colleges, engineering colleges, universities, management institutes) having requisite expertise and infrastructure.

The mission of the IEDCs is to “develop institutional mechanism to create entrepreneurial culture in academic institutions to foster growth of innovation and entrepreneurship amongst the faculty and students”.

Objectives of the IEDCs:

  • To act as an institutional mechanism for providing various services including information on all aspects of enterprise building to budding S&T entrepreneurs.
  • To create Entrepreneurial culture in the Parent Institution and other institutions in the region and to promote the objectives of NSTEDB, including programmes related to women and weaker sections of the society.
  • To inculcate a culture of innovation driven entrepreneurship through student projects.
  • To catalyse and promote development of S&T knowledge-based enterprises and promote employment opportunities in the innovative areas.
  • To respond effectively to the emerging challenges and opportunities both at national and international level relating to SMEs and micro enterprises.

Functions of IEDCs:

  • To organise Entrepreneurship Awareness Camps, Entrepreneurship Development Programmes, Faculty Development Programmes and Skill Development Programmes in the college/institution for the benefit of S&T persons.
  • To initiate five innovative student projects each year for new innovative product development.
  • To organize Business Plan Competitions every year.
  • To guide and assist prospective entrepreneurs on various aspects such as preparing project reports, obtaining project approvals, loans and facilities from agencies of support system, information on technologies, etc.
  • To arrange interaction with entrepreneurs and create a mentorship scheme for student entrepreneurs.
  • To facilitate creation of entrepreneur’s club in each college to foster culture of entrepreneurship amongst students.
  • To act as a Regional Information Centre on business opportunities, processes, technologies, market, etc. by creating and maintaining relevant data bases.
  • IEDCs would also sensitise the management of the institutions regarding the importance of entrepreneurship and integrate their activities with the Host Institutions.

Terms and Conditions under which IEDC is working are mentioned below.

  • Muthoot Institute of Technology and Science will work to spread the message of Innovation, Incubation and Entrepreneurship among students in the college/region.
  • Muthoot Institute of Technology and Science should ensure delivery of their roles expected from IEDC under the Startup Boot camp initiative/ (Youth Entrepreneurship program)YEP of Government Of Kerala, before implementing any policy decisions related to the centre.
  • There will be annual review of the activities and progress of the IEDC, and the centre should submit an Activity report to this effect.
  • The IEDC of Muthoot Institute of Technology and Science will continue to be under the mentoring of Kerala Startup Mission and report to Kerala Startup Mission, its progress till such time when the college gets recognized by the Department of Science & Technology as an approved IEDC under the National Science and Technology Entrepreneurship Development Board.
  • The Financial assistance can be used for Conducting workshops, seminars,  Hackathons and other such Entrepreneurial Activities which may be helpful for the IEDC centre.
  • The assistance may not be used for sponsorship, infrastructure creation, advertisements and PR activities.
  • Rough Outlay of the utilization may be like
    • Capex: 15%
    • Travel : 10%
    • Incidental/ Miscellaneous :10 %
    • Conducting & Participation (Maker session, Events, Workshops and Seminars) : 60%
    • Marketing : 5%
  • The IEDC/EDC/TBI shall function as independent unit within the parent institution.
  • The funds for the Startup boot camp shall be disbursed from TBI through the IEDC to the Bootcamp .The funding will be capped at an amount of Rs 2 lakhs and shall be against an equal investment by the institute. An account will be maintained separately by the IEDC.
  • The fund utilization report will be prepared on a quarterly basis by the boot camp EC in consultation with the IEDC nodal officer and shall forward it to Kerala Startup Mission.

SUGGESTED MODEL FOR FUND UTILIZATION
Organize min 10 programmes Phase I (not more than 1 lakhs / year )

  • Honorarium to the speaker 2500-10000
  • Programme coordinator 1500
  • Collect Rs 15 as registration fee from students
  • Prepare the report
  • Give news Coverage
  • lnvite your superiors for inauguration
  • Organize the programmes on holydays
  • Develop a peer team
  • Make good student team to organize the programme
  • 2 or 3 programmes may be hands training programmes

Organize frequent meeting on holidays or free hours. For the selected students from phase 1 (not more than 50000)

  • Select fifty students
  • Duration 1 to 1.5 hrs
  • Call small innovators
  • Spend upto Rs 2000/per programme
  • Organize min 15 such programmes
  • Honorarium 250/- for the coordinator per programme

Industrial visit( not more than 20000)

  • Maximum 7 members
  • No sight seeing
  • Min 2 Industries have to visit in one day
  • Can spend 3000/per programme
  • Cash should be spent only for TA
  • One brain storming after each visit by the members
  • Min five programmes

Prototype development (not more than 20000)

  • Maximum of 5000/per project
  • Min. Three student and a teacher is required
  • Teacher is responsible for the money
  • Maximum of five projects
  • Project should be innovate
  • Have to be select through a defined process
  • Have to invite application
  • Make panel for evaluation and presentation
  • Final selection is through presentation only
  • Project contest (not more than 10000)
    TA for students
  • Only TA not food
  • Accommodation for students & Teachers

Maximum of 5000
Documentation charge: Max. 5000
Other Expenses: 5000
Honorarium to the nodal officer: 10000
Special Programs of KSUM

  • Creating lot Space < 45000
  • EDI workshop < 25000

IEDC Committee

  • Mr.Vipin Vijayan – Nodal Officer
  • Mr.Alvin Thariyath (Department coordinator, ME)
  • Ms. Sneha Joseph (Department coordinator, CE)
  • Ms. Babitha George (Department coordinator, Basic Science)
  • Dr Cerene Mariam Abraham (Department coordinator, CS)
  • Ms.Dhanya Sudarsan (Department coordinator, CS)
  • Ms. Meera Sivadas (Department coordinator, EEE)
  • Dr Arunkant A Jose (Department coordinator, ECE)
Events organized by IEDC MITS (TILL AUDIT, 15/01/18)
Sl. No. EVENT Venue College/State/National level Event No of Participants Date
1 One day workshop on “Ideation to Transformation” by Prof. R Pradeep Raj Muthoot Institute of Technology and Science, Varikoli College level 60 06-08-2016
2 One Day Entrepreneurship Training by OUREA Training Hub Muthoot Institute of Technology and Science, Varikoli College level 60 15-08-2016
3 Talk on “ How to build a real startup and Experience Silicon Valley While still in College” as part of the Start in college Campaign of Startup Village by Mr.SijoKuruvilla Muthoot Institute of Technology and Science, Varikoli College level 120 16-08-2016
4 “Orientation Programme to Nodal Officer’s and Conclave” by Kerala Startup Mission Muthoot Institute of Technology and Science, Varikoli State level 30 30,31-10-2016
5 Webinar on Ethical Hacking Muthoot Institute of Technology and Science, Varikoli College level 34 03-04-2017
6 Introduction to robotics workshop by IEDC MITS Muthoot Institute of Technology and Science, Varikoli College level 42 22-04-2017
7 Intoduction to robotics workshop by IEDC MITS Muthoot Institute of Technology and Science, Varikoli College level 42 25-07-2017
8 Presentation and Interactive Session by Maker Village Muthoot Institute of Technology and Science, Varikoli College level 86 28-07-2017
9 Workshop on android development by IEDC MITS Muthoot Institute of Technology and Science, Varikoli State level 24 13-08-2017
10 Half Day Entrepreneurship Orientation Boot Camp by Kerala Startup Mission and Openfuel Muthoot Institute of Technology and Science, Varikoli College level 70 18-08-2017
11 ‘Two-Days Hands-on Workshop on Machine Learning with R-Programming’ by ED Cell IIT Roorkey Muthoot Institute of Technology and Science, Varikoli National level 39 25,26-08-2017
12 Android Application Development with Android Studio IDE in association with ACM Student Chapter MITS Muthoot Institute of Technology and Science, Varikoli State level 50 8,9-09-2017
13 Introduction to robotics workshop by IEDC MITS SNIMT , Maliyanakara State level 40 23,24-9-2017
14 Logo and slogan competition Muthoot Institute of Technology and Science, Varikoli College level 20 01-10-2017
15 Workshop on c++ programming by IEDC MITS Muthoot Institute of Technology and Science, Varikoli State level 22 7,8,-10-2017
16 Idea competition Muthoot Institute of Technology and Science, Varikoli College level 28 teams 18-10-2017
17 IEDC Orientation Program for students by IEDC MITS Muthoot Institute of Technology and Science, Varikoli College level Entire College 09-10-2017 to 13-10-2017
18 “RoboRave India 2017” National level competition organized by IEDC MITS and Shristi Robotics jointly with ROBORAVE International Muthoot Institute of Technology and Science, Varikoli National level 400 4/5-11-2017
19 #INNspire2.0 by Aabasoft and Openfuel organized by Innostack at Muthoot Institute of Technology & Science Muthoot Institute of Technology and Science, Varikoli College level 100 12/01/2018
20 IC Engine Ovehaulling Workshop by Srishti Robotics Muthoot Institute of Technology and Science, Varikoli College level 11 11/02/2018
21 DISHA Muthoot Institute of Technology and Science, Varikoli College level 150 28/02/2018
22 February Funding Muthoot Institute of Technology and Science, Varikoli College level 25 28/03/2018
23 Talk by Mr. Sijo Kuruvilla George about Rethink Muthoot Institute of Technology and Science, Varikoli College level 45 21/03/2018
24 2 Day Workshop on Python Muthoot Institute of Technology and Science, Varikoli College level 29 26,27/03/2018
25 Technovation 17-21 Muthoot Institute of Technology and Science, Varikoli College level 20 May,June 2018
26 Talk on Entrepreneurship by Ms.Chandra Vadhana R Muthoot Institute of Technology and Science, Varikoli College level 48 08/08/2018
27 Two day leadership camp at MITS by PRAYAANA HUB Muthoot Institute of Technology and Science, Varikoli State Level 50 11,12/08/2018
28 Two-Days Workshop – ‘Burn a custom ROM with Android OS’ Muthoot Institute of Technology and Science, Varikoli State Level 10 20, 21/09 2018
Events participated by IEDC MITS (TILL AUDIT, 15/01/18)
1 Three Days National Workshop on Entrepreneurial Skills & B-Plan Competition Mohandas College of Engineering and Technology, Trivandrum State Level 5 13,14,15-07-2016
2 IEDC Student Co-ordinators Meet up( Precursor to IEDC Summit) SNGCE,Kadayirippu State Level 2 13-08-2016
3 One day workshop on “Starting a Startup” by Kerala State Productivity Council in Association with MIROSI Productivity House,Kalamassery State Level 2 17-08-2016
4 IEDC Summit 2016 Girideepam Convention Centre,Trivandrum State Level 10 23-08-2016
5 Entreprenia, a workshop for promoting entrepreneurship culture NSS, Palakkad State Level 10 24,25-09-2016
6 Launch of Bosch’s idea competition Maker village, Kalamassery State Level 6 20-10-2016
7 I2P Maker’s Workshop product launch and IPR class by APJ Abdul Kalam Technological university in Association With FISAT Centre for Innovation Incubation and Entrepreneurship FISAT,Ernakulam State Level 2 22-10-2016
8 The idea competition [Technovate] in the techfest Deja vu Heera College Of Engineering And Technology, Trivandrum State Level 2 27,28-10-2016
9 Two Days Entrepreneurship Development Programme on “Solar Energy” Hotel Aiswarya,Pallimukku,Kochi State Level 2 12,13-11-2016
10 Tiecon 2016 [Entrepreneur’s meet] by KSUM Le Meridian.Ernakulam State Level 1 18,19-11-2016
11 The BIG PITCH Incubation Contest Christ University, Bangalore State Level 5 25,26-11-2016
12 IEDC Nodal Officers Meetup Kerala Technology Innovation Zone , Kalamassery State Level 1 24,25-03-2017
13 Pre IEDC Meetup (Precursor event) Adi Shankara Institute of Engineering & Technology State Level 2 05-08-2017
14 IEDC Annual Summit Adlux Convention Centre, Karukutty State Level 15 19-08-2017
15 YES Summit Le Meridian Convention Center,Cochin State Level 4 12-09-2017
16 3D Printing Workshop Trinity College of Engineering State Level 5 04,05-11-2017
17 YUVA MASTERMIND 2018( Autonomous Baby Walker) Kollam State Level 4 08,09,10-01-2018
18 Shaastra 2018 IIT Madras National level 80 04-01-18 to 07-01-18
19 Design Thinking Workshop For The Nodal Officers And Faculty MES AIMAT, Aluva State Level 2 12,13/02/2018
20 National Level hardware Conclave Meetup “HARDTECH KOCHI” Gokulam convention Centre,Kochi National Level 30 10/03/2018
21 DISHA 2018 Athulya Auditorium,Infopark,Kochi State Level 1 10/03/2018
22 IEDC Summit 2018 AJCE,Kanjirappally State Level 5 03/11/2018

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