New Generation Innovation & Entrepreneurship Development Centre
New Generation Innovation and Entrepreneurship Development Centre (NewGen IEDC) is the programme launched by National Science and Technology Entrepreneurship Development Board (NSTEDB), Department of Science & Technology (DST), Government of India. NewGen IEDC aims to inculcate the spirit of innovation and entrepreneurship amongst the young students, encourage and support start-up creation through guidance, mentorship and support. The programme will be implemented in academic institutions. Students will be encouraged to take up innovative projects with possibility of commercialization.
NewGen IEDC would attempt to spread the message of entrepreneurship and create culture for that at IIT Guwahati. The presence of NewGen IEDCs would create a vibrant entrepreneurial culture amongst the students. IEDC will strive hard to convert Job-Seekers to Job Generators through the entrepreneurial route.
Objectives of NewGen IEDC
To channelize the knowledge and the energy of youth towards becoming active partners in the economic development process
To develop knowledge-based and innovation-driven enterprises and promote employment opportunities amongst students
To inculcate a culture of innovation driven entrepreneurship
To provide services including information on all aspects of enterprise building to budding S&T entrepreneurs.
Salient features of NewGen IEDC
It is a five-year programme
Maximum twenty new projects would be supported per year
The projects should be student projects with innovation and commercial viability
Projects may be multi-disciplinary in nature and should be executed by student teams
Projects should also have commercial viability leading to possible start-up companies
Functions of NewGen IEDC
To mentor students for identification, development and commercialization of their innovative ideas
To motivate student teams for new product development
To organize Business Plan Competitions/Innovation Camps/ Hackathon
To guide and assist prospective entrepreneurs via arranging interaction with entrepreneurs, bankers, professionals, potential customers
Coordinators
Prof. R. Ganesh Narayanan
Project Coordinator
Department of Mechanical Engineering
IIT Guwahati, Guwahati, India
Email: ganu@iitg.ac.in
Prof. S.K. Dwivedy
Co-Project Coordinator
Department of Mechanical Engineering
IIT Guwahati, Guwahati, India
Email: dwivedy@iitg.ac.in
Advisory board members
Head of the Host Institute: Prof. G. Krishnamoorthy, Dean II&SI
Representative of NSTEDB, GOI: Dr. Naveen Vasishta
Representative of EDII, Ahmedabad: Dr. S.B. Sareen
Two senior faculty members from HI: Prof. Darun K Singh, Department of Civil Engineering & Prof. S.K. Kakoty, Department of Mechanical Engineering
Representative of nearby incubator: Dr. Abhijit Sharma, IIE, Guwahati
Representative of SIDBI/NABARD/Local Bank: Sri Ashim Kumar Das, Deputy General Manager , CSR Division, North Eastern Development Finance Corporation Ltd. (NEDFi), Guwahati
Representative of Industry Association: Sri Sugato Lahiri, Chief Mechanical Engineer (Planning), NF Rly HQ
Alumni Entrepreneurs from HI: Sri Uma Maheswar, CEO, AccPre Engineering; Sri Sahil Jagnani, Founder, Primary Healthtech Pvt. Ltd.
Chief Coordinator of NEWGEN IEDC: Dr. R. Ganesh Narayanan, PI; Prof. S.K. Dwivedy, Co-PI