NewGen IEDC at ITS Engineering College is an organization geared towards speeding up the growth and success of startup and early stage companies. NewGen IEDC has a mission to “promote knowledge based and technology-driven start-ups by harnessing young minds and their innovation potential in an academic environment” In view of this, the National Science & Technology Entrepreneurship Development (NSTEDB), Department of Science & Technology (DST), has taken an initiative of introducing this scheme for setting up “New Generation Innovation & Entrepreneurship Development Centers (NewGen IEDCs)” being implemented by Entrepreneurship Development Institute of India (EDII), Ahmedabad.In this initiative DST is providing a grant of Rs. 2.87 cr over a period of 5 year.
With the establishment of NewGen IEDC, ITS Engineering College, Undergraduate students, Post graduate students, doctoral students, alumni and faculties at NewGen IEDC, ITS Engineering College would be entertained to convert their business ideas into successful commercial or social ventures.
NewGen IEDC, ITS Engineering College offers integrated, customized Innovation-Based Incubation support services for potential high investable entrepreneurs and enterprises. It scouts for innovative entrepreneurs, builds on ideation leading to develop a business concepts, provides skills and competencies trough capacity building/ training programs towards building effective enterprises.
We at NewGen IEDC, ITS Engineering College, often provide a good path to capital from angel investors, state governments, economic-development coalitions and other investors. At NewGen IEDC, ITS Engineering College, your business not only gets access to a potential buffet of capital choices, but also a host of intangible benefits including mentorship, expertise and networking.
For those entrepreneurs who have just launched out and are running into roadblocks, we offer integrated support services through our network of national and international service providers in the space of know-how and technology, business development and linkages with strategic partners/mentors. We also offer a unique combination of impact investor and venture capital support in accelerator facilitation. Regulatory, financial and administrative help form part of the services, and networking opportunities with potential investors, practitioners and collaborators are endless.