IIMR Entrepreneurship Development Cell
An Entrepreneurship Development Cell or E-Cell is a club run by students to practice and promote entrepreneurship in campus communities. With EDC the students will be committed to think and act entrepreneurial, and will explore entrepreneurship as a career option.
Its objective is to help create the entrepreneurial leaders of tomorrow, leaders who are focused on opportunity, value creation, and have the necessary knowledge, skills and network to be successful. These leaders positively impact economic growth and nurture the entrepreneurial ecosystem of the nation.Activities Students can run under an E-Cell: 1. E-Talks 2. Games 3. Exercises 4. Panel Discussions 5. E Summits 6. Competitions:
Infrastructure: A separate area has been earmarked as a space for coordinating the EDC activities at IIMR building to give a feel of the cell and for smooth functioning as well. All the coordinating meetings for the activities will be held at the cell only. Proper ambiance were created with the necessary facilities for functioning.
Coordination with outside agencies: The cell is coordinating with outside agencies which will provide support for Entrepreneurship like NEN, CEDMAP, MSME. In association with these agencies and some other, the cell will also provide mentoring sessions for high focussed groups on different issues like raising of funds, engagement of people support etc.
Outcome: EDC will lead to creation of an enabling entrepreneurial environment that will attract/induce investments, create employment opportunities, and generate wealth at an incremental and sustainable rate. It is augment and creating a dependable stock of socially responsible entrepreneurs who understand the present day market and seek challenges.
It facilitates capacity building of entrepreneurs rather than enterprises alone. It is culminate into an institution that is entrepreneur-oriented and plays the role of a catalyst for promotion of entrepreneurs. After reaching a level the EDC may also support the government in formulating entrepreneur-friendly policies encompassing start up, survival, growth and recovery phases of enterprises, within the overall framework of Entrepreneurship Policy.
Impact on Students: Entrepreneurship Development Cell can positively impact a learner at all levels in a wide number of contexts. This may explain why there are such a wide variety of entrepreneurship education programs, all of which can provide important outcomes at various stages of a learner's life. As supporters of entrepreneurship education the EDC of SGI
1. Will change the attitude towards entrepreneurship as a means of making a living.
2. Will develop the power of ownership: Owner-entrepreneurship education empowers young people to make well-informed decisions about their future, whether they choose to become entrepreneurs or not. IIMR discover that, like every individual, our students already own five powerful assets: time, talent, attitude, energy and unique knowledge of one’s local market. With EDC they will learn to use these assets to create businesses and jobs, and build wealth in their communities.
3. Closing the Wealth Gap: High levels of income disparity have led to civil unrest, riots and even revolution. Owner-entrepreneurship education can help solve the youth unemployment crisis, rescue our low-income communities by increasing home ownership and employment, and help close the wealth gap.
4. Opportunity to Develop Planning, Financial Literacy, and Money Management Skills: The ability to set goals and to manage time, money and other resources are important entrepreneurship skills which are useful in any workplace. With the activities run by an EDC the students will develop learning about financial planning, including knowledge about available work incentives which is critical for budding entrepreneurs.
5. Changes in personal and career attitudes including.