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Innovation and Entrepreneurship Development Centres (IEDC)
The Innovation and Entrepreneurship Development Centres (IEDC) are platforms set up in Engineering, Management, Arts & Science Colleges, Medical Institutions, Polytechnics and Universities with an aim to provide students with an opportunity to experiment and innovate. Kerala Startup Mission has set up IEDCs in 341 institutions across the State which provide avenues for creative students to learn, collaborate and transform their innovative ideas into prototypes of viable products and services. IEDCs works as the first launch pad for a student’s entrepreneurial journey and provide them with access to cutting edge technology, world-class infrastructure, high-quality mentorship, early risk capital and global exposure.
Innovation and Entrepreneurship Development Centre (IEDC) is a flagship initiative of Kerala Startup Mission to promote innovation and entrepreneurship among the student and academic fraternity in the educational institutions in the State of Kerala and considered as an umbrella programme that would play an instrumental role in fostering innovation culture in Academic institutions.
Kerala Startup Mission (KSUM) is the State nodal agency for the promotion of innovation and entrepreneurship under Department of Electronics and IT, Government of Kerala. Kerala Startup Mission plays a pivotal role in developing a vibrant Startup ecosystem in the State of Kerala.
The primary objectives of KSUM is to undertake the planning, establishment and management of Technology Business Incubators/Accelerators in Kerala and thereby promote technology-based entrepreneurship activities and develop a conducive environment required for promoting high technology-based business activities.
Being the apex body for the Startup activities in the State, Kerala Startup Mission supports incubators in the State of Kerala to achieve their full potential by extending financial, technological and mentoring support to incubated start-ups. Kerala Startup Mission helps Startup Founders to execute their vision and compete on the global stage by providing them with risk capital, Incubation support, expert mentoring, and business network when traditional financial and other institutions cannot.
The objectives of Kerala Startup Mission are;
To promote knowledge driven and technology based Startup ventures
To establish and Management of Technology Business Incubators and thereby create the infrastructure and environment required for promoting technology-based start-ups
To encourage leading entrepreneurs and companies to set up high technology business activities in the region
To undertake major initiatives in Innovation promotion in the region.
To build appropriate models for Entrepreneurship Development through research
To create a knowledge, innovation and entrepreneurial support system through a collaborative community of national and international experts, practitioners and other partners.
To create an innovation culture among Innovators by introducing them the State-of-the-art technologies and positioning the Institution as a Learning and Innovation Platform by delivering technically competent and skilled Entrepreneurs.
The purpose of the IEDCs will be to act as an aspirational platform, for the l student entrepreneurs and tech savvy innovators, in skilling and sharpening their entrepreneurial skill sets. The selected innovators will be exposed to Innovation culture, emerging technologies and Business aspects with the implicit assumption that the delta will become an entrepreneur and all the other skilled talents will get high end jobs with the kind of exposure and skills they acquire.
To create IEDC as an Innovation Platform and to create future founders by promoting Innovation, Technology and Business Learning among student community
To promote an innovation driven entrepreneurship culture among the students
To develop and promote commercially viable innovative product and solution from the students.
To promote enterprise among budding technopreneurs and thereby creating more employment opportunities
To bridge the gap between Industry and Academia
To support the budding Entrepreneurs through Grants and to create an entrepreneurship flavour in the academic fraternity.