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Origin of EDCs:
The academic institutions play an important role in the economic development of a country as
they produce the right type of manpower needed by different sectors of the society. The
technical institutions and institutions of higher learning assume greater importance as these
produce the technical manpower needed by the industry and R & D institutions. In order to
make optimal use of facilities, expertise and know-how available in these institutions for the
benefit of the society, it is necessary that appropriate links are established between the
institutes of higher learning and the industry.
In order to have better interaction and linkage between Industries and Universities, higher
learning institutions, Department of Science and Technology (DST), Govt. of India, formed a
board, NSTEDB, in the year 1982 which formulated several mechanisms like STEP (Science
and Technology Entrepreneurs Park), EDC (Entrepreneurship Development Cells), TBI
(Technology Business Incubators) and these mechanisms to be tried out in technical institutions
across the country.
Functions of IEDCs:
1. To organise Entrepreneurship Awareness Camps, Entrepreneurship Development
Programmes, Faculty Development Programmes and Skill Development Programmes
in the college/institutions.
2. To initiate five innovative student projects each year for new innovative product
development.
3. To organize Business Plan Competitions every year.
4. To guide and assist prospective entrepreneurs on various aspects such as preparing
project reports, obtaining project approvals, loans and facilities from agencies of
support system, information on technologies, etc.
5. To arrange interaction with entrepreneurs and create a mentorship scheme for
student entrepreneurs.
6. To facilitate creation of entrepreneur's club in each college to foster culture of
entrepreneurship amongst students
7. To act as a Regional Information Centre on business opportunities, processes,
technologies, market, etc. by creating and maintaining relevant data bases.
8. IEDCs would also sensitise the management of the institutions regarding the
importance of entrepreneurship and integrate their activities with the Host
Institutions.
3. Adequate space for locating the Cell including the modifications proposed to be
carried out in the building, availability of utilities like electricity, water, telephone
installation and internet connectivity.
4. Availability of workshops, laboratories and computational facilities.
5. Library with a good collection of books and journals.
6. Experience in Entrepreneurship Development and Promotion and Industry related
activities such as Consultancy, Product Development, Testing, Calibration, etc.