CENTER FOR INNOVATION, INCUBATION AND ENTREPRENEURSHIP


K L E F INNOVATION, INCUBATION &ENTREPRENEURSHIP CENTRE ACTIVITIES

K L E F INNOVATION, INCUBATION &ENTREPRENEURSHIP CENTRE ACTIVITIES

Eligible students are required to apply for membership in prescribed form. Students can MEMBERSHIP ENROLLMENT FORM. Filled-in application forms my be also be submitted to the office of K L E F IIE.

Vision

To foster innovation driven entrepreneurship through incubation, in alignment with K L E F vision to become global University.

IIE Comprises

1. Centre for Innovation which aims to inculcate a spirit of innovation.
2. Centre for Incubation (TBI) which aims to inculcate the innovations through product development, services or process development and Commercialization.
3. Centre for Entrepreneurship (EDC) which aims at fostering entrepreneurial skills among the students.

What We Do?

Providing a platform for generation of ideas and realizing the great ideas. We believe that every idea has great potential, regardless of its apparent magnitude or viability, something that is sadly the only parameter of evaluation in a protocol obsessed world. We provide the much needed critical momentum to the idea through our panel of experts and ensure that there should be an encouragement, in addition to clarity and assistance to take this idea to the next level (to the incubation and Entrepreneurship if it has entrepreneurial venture).

Centre for Innovation

The Centre for Innovation (CFI) aims to inculcate a spirit of innovation and foster a culture of excellence and perfection among all the stakeholders at K L E F.It aims at making the campus a storehouse of ideas where all the processes are undertaken in the best manner which brings out maximum benefits to every individual on campus and the society. The Centre functions as a nodal agency which promotes ideation and innovation in each and every possible sphere of lives in the campus.CFI is a part of the Innovation, Incubation and Entrepreneurship (IIE) and works in collaboration with centre of incubation and Entrepreneurship.

Innovation Process

Working with metadata is a complex task by definition, and to accomplish this effectively we break it down to its essentials in the following stages:

Phase 1:

The stakeholder team (inclusive of the student,faculty,staff and the alumni teams)scouts for screens external ideas, while churning ideas from within in parallel customized to be sensitive to the needs of the students ,and by extension, the campus as a whole.

Phase 11:

The CFI forwards the idea to a team of specialists for further analysis and discussion at a level that is one step closer towards implementation. Here you will be able to recognize the selling points of your idea, learn to wield them, and do what you have to convincingly. This is in collaboration with industry experts who test the idea in real world environments.

Phase 111:

This is the approval stage and this is where you get to act out all that you have learnt through the course of realizing your idea into a solid written proposal. The head of CFI then forwards the proposal to the relevant body for its benefits to reach a wider circle.

Main Components of CFI are

1. Student’s Innovation Team.
2. Faculty Innovation Team.
3. Alumni Innovation Team. 2. Centre of Incubation or Technology Business Incubator (TBI): Technology Business Incubator (TBI) is able to support the incubates in respect of “Space+Services+Knowledge or Skill the incubate has to meet the working capital requirements in addition to certain specialized capital requirements of a technology driven start up. The objective of the seed support is to bridge the gap so that the financial constraint doesn’t become a stumbling block in the”Concept to commercialization” process .This is established in the K L E F.

The Steps involved in the selection of Incubatees are:

1. Screening of application forms by TBI Committee and forwarding to the Experts Panel.
2. Reviewing of the application by Experts panel and identifying of prospective Incubatee.
3. Interviewing of Incubatee by the Experts Panel.
4. Receiving formal approval from Panel.
Negotiating of TBI Terms &Conditions with Incubatee.
5. Executing of Agreement by the Incubatee.
6. Inducting of Incubatee in TBI.
7. The selection and induction procedure may take a few days time.

Entrepreneurship Development Cell (EDC):

Entrepreneurship Development Cell was started in 2013 by Nichwander, Netherland in order to foster the entrepreneurial culture among the students and inculcating the entrepreneurial competencies so that the students can become competent entrepreneurs in the years to come.

Objectives of Entrepreneurship Development Cell &Incubator:

1. To foster the entrepreneurial culture among the students by consistent training and motivation.
2. To identify the various opportunities in different sectors of business and inculcate the entrepreneurial competencies required to start a business in the particular sector.
3. To organize Entrepreneurship Awareness Campaign to create awareness about Entrepreneurship. 4. To organize Student Development programmes to inculcate technical as well as managerial skills to become competent entrepreneur.
5. To organize the Faculty Development programme to enrich their entrepreneurial thoughts.
6. To organize Technology Development Programmes to enhance the practical exposure of different technologies to be adopted in the industries.
7. To provide Skill Development and Job Oriented Short term courses to enhance the competency of the students and their employable skills.
8. To organize leadership programmes to inculcate the leadership qualities to the budding entrepreneurs.
9. To be a Resource Centre of all information pertaining to different sector.
10. To train the students in preparation of Business Plan and to organize Business Plan Competitions at the University.
11. To involve in Sponsored Research relevant to Innovation, Incubation and Entrepreneurship.
12. To facilitate the students in the process of transforming their business ideas into a venture by guidance and support.

The Main Wings of EDC are:

1. Women Entrepreneurship Cell.
2. Rural Entrepreneurship Cell.
3. Social Entrepreneurship Cell.
4. Entrepreneurship Boot –Camps.
5. Export-Import Business Cell.

1.Women Entrepreneurship Cell:

This Cell focuses on the training and creation of Women Entrepreneurs among the girl students of K L E F. Industry need based employable skills development courses will be conducted to inculcate sector specific skills so that the girl students can start a venture with the support of K L E F-IIE.K L E F has entered into MOU(Memorandum of Understanding)with ALEAP(Andhra Lady Entrepreneur’s Association)Hyderabad to obtain their support and guidance in the areas such as Textile&Fashion,Food Processing, Women Entrepreneurship ,Social Entrepreneurship, Student Development Programmes,Faculty Development Programmes,Cluster Development Programmes,Technology Entrepreneurship Development Programmes and Technology Development Programmes.ALEAP will render its services in Rural Entrepreneurship and Social Entrepreneurship with their expertise and banking network and association of Foreign Universities and Agencies.

2. Rural Entrepreneurship Cell:

The Rural Entrepreneurship Cell focuses on rural development by rendering its services to the rural people in the following ways:
1. Identifying the various opportunities for the development of the employable skills of rural population and facilitating them in starting a venture through training, mentoring and networking with banks (Micro-Financing) so that the rural people can enhance their lifestyle by increasing their income or by starting a small business in the areas such as poultry, Dairy, Herbal Farming, Bio-Entrepreneurship and Agro-Business, clean energy, water and waste management system and Food Processing. Through the Skill Development Centre of K L E F-IIE, the rural people will be trained properly so that their employable skill is enhanced the lifestyle is changed.

3. Social Entrepreneurship Cell:

Social Entrepreneurship Cell focuses on the ventures that solve a societal problem or alleviating poverty and equalization of income. Social Entrepreneurship will be with profit or without profit. The Students who submit business ideas focusing on the societal benefits in the areas of Health,Education,Child care, Women Empowerment, Clean Energy, Facility Management and Waste Management system. Social Entrepreneurship Training will be imparted to the budding entrepreneurs of K L E F in association with EDI,Ahemadabad,ALEAP and British Council so that the student’s social entrepreneurial business ideas can be transformed in to a venture through which the society can be developed through Social Entrepreneurship activities.

4. Entrepreneurship Boot –Camps:

K L E F-IIE will organize Boot-Camps and train the students in accordance with their business ideas (Sector-based) Leadership , communication,negotiation,genral awareness about the start ups.presentation skills required for pitching, awareness about the roles and functions of Venture capitalists and seed funding agencies, Mentors etc will be imparted so that in 2 or 3 weeks training the students can obtain the knowledge of how to develop the idea and how to present it before the investors in start –up events to be held at various parts of the country.

Policy of K L E F-IIE:

K L E F has many islands of excellence but needs well developed and organized Innovation Eco-System. The Innovation Eco system is a complex phenomenon and contains dozens of players like research Labs, Industrial R&D Labs, Intellectual Property Rights Culture, Venture Capital Funding Organizations and mentors from different fields who guides and support the budding entrepreneurs of K L E F. To nurture the Innovation, We need an Innovation Eco System, Innovation Culture and Policies. The Development of Innovation Culture is a specialized job. It requires a lot of efforts and depends on many parameters. The role of the University should be towards the development of innovative employable workforce for the industry, a knowledge hub which provides international talent, center for technology transfer, platform for international collaborations with academia, industry research Labs, Societies etc.All these are the important drivers of Innovation.

University’s role in supporting Innovation, Incubation&Entrepreneurship:

K L E F plays a vital role by rendering the following services: 1. Providing the required infrastructure.
2. Promoting Cross-disciplinary research.
3. To incorporate a technology commercialization role in addition to the traditional roles of teaching & research.
4. Incorporation of technology commercialization role as an integral part of the University’s mission without sacrificing the push for excellence in basic Science&Engineering.
5. Balancing basic research &shorter-term applied research.
6. R&D collaboration with industry/Organizations to open innovation.
7. Changing mindset of faculty and students.

PLAN OF WORK:

Regular ideation events like Start-up weekend. Boot Camps, ideation Fest etc need to be conducted at least two events per semester and 4 events per year. One Major event (inviting outsiders also) should take place like SAMYAK out of 4 events planned for a year. Ideation events should also be conducted for faculty to show case their research outcomes. The facilities available in K L E F –IIE like library, Activity space, computer lab, discussion rooms etc to be made available for the students if required. Competency development and skill development programme to be conducted based on the necessity and requirement of the interested students. Attendance should be given for all the students who participate in the events conducted by the K L E F-IIE. Workshops to be conducted for faculty for creating awareness about ideation in the minds of the students, they will prepare students to think and develop creative thinking leading to ideation ad innovation. Online registration in K L E F website for presenting ideas to be created and schedule of ideation events should be kept in K L E F website. For regular communication with students online, one in-charge person to be identified and responsibility should be given to him to develop website, post events etc. Wide publicity for registrations through digital marketing via face book, University IIE website, News Letter, and News Paper-print and electronic media &K L E F TV etc. Students should be sent to outside events, like other Universities ETC and visits should be arranged for outside facilitations and countries. Thrust areas need to be identified where the University is strong and has expert faculty and advanced equipment. The following thrust areas are suggested for identification:
Green Chemistry.
BIO-Technology.
Cloud Computing.
Internet of Things.
Robotics and Mechatronics Solid Waste Management.
Battery Technology.
Green Technology.
Digital Marketing.
IT/ITES.
3 D Printing.
Expert faculty within and out of the University need to be identified as mentors. Workshops and guest lectures to be organized to the students and faculty in specific domains. Outside college students to be encouraged to come and work in the Incubation Centre of K L E F for implementation and start of their Start-ups. Industry needs to be identified and addressed. Domain specific workshops and courses may be floated. Research outcome of K L E F in different areas to be utilized properly for Innovation and Incubation and Entrepreneurship. Suitable support may be taken from R&D department. Brain-Storming sessions with industry and faculty need to be conducted regularly twice in a semester.

Updating the Syllabus:

Starting a course in Entrepreneurship.
Experts may be leveraged to teach courses at incubator.
Faculty up gradation.
Train the faculty for promotion of innovation.
Mandatory apprenticeship/Internship in the last year of the programme.
This may be waived off for the students who are setting up their own start ups on incubator.

h2>Credits to MOOCS:

Credits should be given to the students who successfully completing notified online courses and their insertion as electives. Students should be free to choose electives even in the first and second year. 5%grace marks and 10% attendance may be given for the students start up teams every semester, which have at least one woman as a cofounder. Students may be permitted to undertake their industrial visits to Technology Business Incubators where additional facilities are being set up. Student Entrepreneurs working on a start up idea from first year of college may be permitted to convert their start up project as their final year project towards degree completion. Mentors assigned by incubator may be allowed to conduct Viva Voce.Project Reports certified by the Incubator may be approved as main academic projects.

Enterprise Software & Device Testing Labs:

An International start up culture would be set up to send the most brilliant start ups and the students to leading start up destinations around the world for obtaining global exposure at a young age. Selected faculty would also be sent for gaining international exposure about the start up culture in Universities like Stanford, Harvard and MIT and see how MOOCS are being used in various schools and colleges for education. Similarly ,tie ups may be set up to bring world class start ups to work alongside start ups in Andhra Pradesh for faster learning and cultural exchange.

MIT FAB Labs:

In order to promote education in hardware manufacturing and creating prototypes of hardware products at High-end FABLAB from MIT (Boston, USA) would be set up at a pilot Incubator.

Incubation::

For Prototype development and idea implementation, University facilities will be made available like department’s labs, R&D Labs, open labs etc.along with K L E F-IIE facilities. Skill Development courses should be created. Suitable infrastructure need to be created. Proposal should be submitted to Ministry of Communication and Information Technology, Department of Electronics and Information Technology to establish Technology Incubation and Development of Entrepreneurs (TIDE) in K L E F campus by the end of March, 2015. Proposal to be submitted to establish DST-NSTEDB Technology Business Incubator (TBI) in K L E F campus by the end of April 2015. Mentors: Mentors and sources of Mentors need to be identified and MOU should be executed. Domain wise mentors list should be prepared. A platform need to be created for interaction with mentors by arranging student’s mentor meets. Based on the requirement, mentors will be invited or the students will be sent to the mentors and Online-meets also to be arranged. Short listing of mentors should be done by the Incubation Centre of K L E F. Expenses incurring for mentoring activities need to be taken care off either from University funding or other sources of funding. Mentors may be faculty experts, industry experts, alumni, Auditors, Lawyers and the Professionals. Incubation Manager should be equipped with the knowledge of the process of starting a company i.e. registering with registration office/opening and operating Bank accounts. The services to be made available like drafting, legal, accountancy,IPR and patenting, which may be on chargeable basis. General workshops on introduction to start ups may be conducted twice a year on the things required to start a company.

Infrastructure for Incubation:

Shared working office space with work stations, discussion rooms, conference rooms ,printing,scanning,photo copier, kitchen and dining hall, visitor lounges, bathrooms in the University or outside the University with receptionist,internet,telephone,power etc should be available on chargeable basis. University department/Research labs/equipment may be allowed to use based on the needs. Other University facilities like hostel/guest house/library etc may also be allowed to use based on the need on chargeable basis. Policies should be laid down for charging these services.

Angel Investors and Capitalists:

Investors need to be identified. Sources of funding need to be identified like Banks/Government Departments etc. Tie-up with the identified Institutes/Organizations to be create capital fund. Identifying other funding sources. Conduct investors meets once every semester and one major event in a year

Membership Fees:

For Students Rs.350/year.

For Staff Members (Teaching & Non-Teaching) Rs.100/year.

Note: 1.D.D should be taken in favour of "K L University" payable at Vijayawada.
2.D.D should be submitted at the following address:
Janardhana Rao,
Office Assistant,
C,510,Computer Block,
K L E F IIE Centre.
Cell:9494210105.

Benefits of Membership

  • A Certificate of Membership.

  • Participation in Ideation fests.

  • Participation in the seminars and Workshops at a concessional rate.

  • Participation in Certificate Programme at concessional rate.

  • Industrial visits to successful Enterprises/Techno Parks.

  • Mini projects/Survey reports guidance.

  • Counseling and Mentoring for Entrepreneurial ventures.

  • Funding support through the Government funded projects for the student’s prototypes that are highly innovative.

  • Facilitation and guidance right from idea development and up to commercialization

  • Free access to E- LEARNING CONTENT OF Entrepreneurship Development Programme (EDP).

  • Access to News-Letter to enrich and enhance the student member’s entrepreneurial culture

  • Product Development guidance through Brain-Storming Sessions with Technical Experts fro various fields.

  • Training facility to learn the Ins and Outs of Business Projects and access to elaborative sample business projects pertaining to different industries.

  • Soft skill training programmes to enhance the agility on a continual basis.

  • Facilitating the Existing Entrepreneurs in business development process and product development.