Introduction

CMRIT has an Innovation & Entrepreneurship Cell (I&E Cell). In general, the success rate of Entrepreneurship worldwide is typically in single digits. CMRIT with its Stanford University Innovation Fellows (UIF) initiated design thinking program has done a study with in the entrepreneurial ecosystem and identified that the success percentage can be improved if certain pain points are addressed. CMRIT model of I&E cell is given below and it is uniquely conceived and implemented. CMRIT I&E cell dreams to create successful entrepreneurs with social consciousness. Students are encouraged to solve problems from any walk of life. Each student aspiring to be entrepreneur will go through Design Thinking Training.

The I&E cell targets to create an ecosystem for student entrepreneurs which includes ethics, morals, values, funding, start-up support, mentoring, development of emotional intelligence, academic mentoring, field touch, social consciousness, environmental impact, etc.