A sister concern of Carmel Polytechnic College, Alappuzha

ENTREPRENEURSHIP CELL

It is no longer enough to come out of school with a purely technical education; engineers need to be entrepreneurial in order to understand and contribute in the context of market and business pressures. For engineers who start companies soon after graduation, entrepreneurship education gives them solid experience in product design and development, prototyping, technology trends, and market analysis. These skills are just as relevant for success in established enterprises as they are in startups; students with entrepreneurial training who join established firms are better prepared to become effective team members and managers and can better support their employers as innovators.

Entrepreneurship education teaches engineering students in all disciplines the knowledge, tools, and attitudes that are required to identify opportunities and bring them to life. Students who take part in entrepreneurship programs as undergraduates gain insights not available from traditional engineering education, such as understanding and designing for end users (“empathy”), working in and managing interdisciplinary teams, communicating effectively, thinking critically, understanding business basics, and solving open-ended problems

There are four categories of entrepreneurship skills sets:

  1. Entrepreneurship skills: Entrepreneurship skills help us to recognize the economic opportunities and act upon them. This includes inner discipline, ability to take risk, being innovative, change-oriented and persistence.
  2. Technical skills: Technical skills help in producing a successful business product or service. The technical skills that are to be backed up for a successful entrepreneur includes operations specific to industry, communications, design, research and development, environmental observation.
  3. Management skills: Management skills are the ones that help in administering the company and helps in day-to-day management of the company. The management skills that are required are planning, decision making, motivation, marketing, finance and selling.
  4. Personal maturity skills: These include self-awareness, accountability, creativity and emotional skills.

The following activities are planning to do under entrepreneurship cell.

  1. Idea Diffusion – Get a creative and fun loving audience; ask them for one line startup ideas; people interested in the same idea can interact and form teams; 1 hour preparation time for chalking out the implementation; 3 minute pitches to pick out the best ideas. [not necessarily an on-spot event only]
  2. Mentoring – Get mentors (entrepreneurs / investors / industry professionals) for the best teams to help them make a Minimum Viable Product (MVP). This can even later be transformed into a course.
  3. Case Studies – Students can team up and analyze other startups and make case studies / caselets about them which can also be used as a resource for other students. A good way to start off would be to profile startups run by alumni.
  4. Start a Venture – If possible start a venture on campus to get firsthand experience of starting up. If that might seem a little difficult, one / more groups can do a pilot run to get a better idea of how real life micro-businesses work.
  5. Summer in a Startup – Start an internship program which connects students to startups as summer interns.
  6. Big Bouts – Pick up something recent in the news (may / maynot be related to startups) invite a few relevant faculty members and a lot of students; have a discussion (debate) moderated by the faculty.