Institute Innovation Cell (IIC under the guidance of AICTE) :

Introduction-

In the year 2018, the Ministry of Education (MoE) through MoE’s Innovation Cell (MIC) launched the Institution’s Innovation Council (IIC) program in collaboration with AICTE for Higher Educational Institutions (HEIs) to systematically foster the culture of innovation and start-up ecosystem in education institutions. Primarily, IIC’s role is to engage large number of faculty, students and staff in various innovation and entrepreneurship related activities such as ideation, Problem solving, Proof of Concept development, Design Thinking, IPR, project handling and management at Pre-incubation/Incubation stage, etc., so that innovation and entrepreneurship ecosystem gets established and stabilized in HEIs.  In order to achieve this goal and contribute in fostering innovation and entrepreneurship among the young students, we have established the IIC at Sinhgad Business School, Pune as per the guidelines given by MoE MIC.

Major Focus of IIC

1. To create a vibrant local innovation ecosystem
2. Start-up/ entrepreneurship supporting Mechanism in HEIs
3. Establish Function Ecosystem for Scouting Ideas and Pre-incubation of Ideas
4. Develop better Cognitive Ability amongst Technology Students

Functions of IIC

1. Promote innovation in the Institution through multitudinous modes leading to an innovation promotion eco-system in the campus
2. To conduct various innovation and entrepreneurship-related activities prescribed by Central MIC in time bounded fashion.
3. Identify and reward innovations and share success stories.
4. Organize periodic workshops/ seminars/ interactions with entrepreneurs, investors, professionals and create a mentor pool for student innovators.
5. Network with peers and national entrepreneurship development organizations.
6. Create an Institution’s Innovation portal to highlight innovative projects carried out by institution’s faculty and students.
7. Organize Hackathons, idea competition, mini-challenges etc., with the involvement of industries.

Roles and Responsibilities of President

1. He/ She will lead the IIC Council.
2. He/ She will have the IIC portal Login ID and will be the custodian of IIC portal login and data/ reports uploaded therein.
3. He/ She will call the meetings, set meeting agenda and will monitor the deliverable.
4. He/ She will be the main point of contact with MHRD Innovation Cell.
5. He/ She will respond to all communication from IIC National Coordination team (MHRD Innovation Cell) and will be responsible to ensure decent performance of IIC.
6. He/ She will coordinate with MHRD innovation cell and responsible for all the IIC activities in the institute.
7. He/ She will ensure Institution’s participation in IIC calendar activity and take lead in the institution driven activities (own initiatives).
8. He/ She will ensure the effective implementation of IIC activities with the help of Convenor.
9. He/ She could change the council members as per the decision taken in council meetings and update the information on portal.
10. He/ She will be responsible for submitting the progress/activity reports on the IIC portal.

Roles and Responsibilities of Vice-President

1. To build and strengthen the inhouse mentor pool and human resource capacity to drive campus Innovation & Entrepreneurship activities.
2. Identifying, handholding and guiding potential/early-stageentrepreneurs,studentinnovators at the Institute on regular basis.
3. To Develop a critical mass of motivated students & faculties with creative potential, and Entrepreneurial orientation & skill set.
4. Commercialization of innovations through technology transfer, technology licensing and Startups, etc.
5. To build infrastructure support and facilities to promote innovationand enabling environment of easy access to resources within and outside the institute.
6. To strengthen the intra and interinstitutional partnership and collaboration with ecosystem at different level and cocreation of new program interventions

Roles and Responsibilities of Convener

1. The Convenor will work in close coordination with IIC president and will provide help wherever required for smooth conductof activities.
2. He/ She will ensure the participation in the meeting and will prepare the meeting agenda at least 10 days prior to meeting with the inputs from all valuable council members and President.
3. Maintain documentation of the proceedings like meeting photos, Minutes of Meetings, Meeting Video has to uploaded to Institution YouTube Channel and the link has to be shared with competent authorities and any other proof.
4. He/ She will ensure that the internal examination dates would not interfere with the IIC activities and coordinate with all departments to ensure the same.
5. He/ She will collect the inputs from all the members of the council at regular interval, especially external members for better planning of IIC activities and effective delivery of results.

Roles and Responsibilities of Social Media Coordinator

1. Will create and manage IIC page/account on Facebook, Twitter and YouTube and other relevant social media platforms.
2. He / She will be responsible for posting all the relevant information about council meeting resolution and action plan, IIC activities and follow/tag MIC/IIC page and posts on these platforms.
3. He/ She will also ensure that all students follow MIC/IIC page/account on social media to get first-hand information.

Roles and Responsibilities of Members

1. Ensure the Institution’s Innovation Council’s logo and the words “in association with Institution’s Innovation Council, Ministry of Education (MoE), Govt. of India”, is included in the brochure compulsorily for all the academic activities of their respective departments like webinars, seminars and workshops related to Industry Interaction, Startup, Entrepreneurship, Research and Innovation / Intellectual Property Rights (IPRs).
2. Establish Innovation Clubs for students with facilities and equipment needed for Innovation and Entrepreneurship (I & E) activities in their respective departments.
3. Developing an Innovative and Entrepreneurial mindset through a series of activities like workshops, awareness, market outreach events, orientation, advocacy meetings, campus hackathons, networking events (Intra and Interinstitutional, enablers, stakeholders).
4. Encourage faculty and students to pursue research studies related to Entrepreneurship.
5. Develop short term certificate courses on Innovation and Entrepreneurship.
6. Convince departments to offer Major or Minor Specializations or credit courses related to Innovation and Entrepreneurship (I & E) and IPR
7. Organize Employment Generation skill development programs of minimum 30 contact hours of duration.
8. Organize entrepreneurial skill development / employment generating programmes for external participants (local residents, community members, alumni etc.)
9. Coordinate with IPR Cell to generate revenue from patents, copyrights, trade secrets and others.
10. Obtain grants from Government, Non-Govt, CSR Bodies towards promoting and supporting innovations..

IIC Committee for AY 2024-25

Committee Members from SBS staff-

Committee Members from SBS students-

External Committee Members:-

Startup and Innovation cell (Under the Guidance of SPPU) :

Introduction-

The Entrepreneurship Development Cell at SBS (SBS-EDC) has been established in the Institute in the year 2017. The prime motive of the Cell is to promote entrepreneurial spirit among students of SBS and aims to act as one of the biggest platform for Academicians, New-age Entrepreneurs & the students to gather, learn & share their entrepreneurial endeavors, experiences & aspirations and boost the startup culture at the institute.

The Cell by the means of its various activities aims to motivate young, budding MBA aspirants to take up Entrepreneurship as a career & become Job providers rather than job seekers. The Cell aims to inculcate the entrepreneurial culture amongst the students which would in turn inspire them to go a step further and take up the challenge of Entrepreneurship. SBS-EDC will foster entrepreneurial spirit in the young minds so that it leads to generation of wealth and employment opportunities by creating and establishing the business and startups.

The SBS-EDC provides mentoring opportunity by its network of acquaintance allies; students seek benefit by the experience of these initiatives. The association includes professionals, entrepreneurs, founders, investors, and Industry experts.

The SBS-EDC Cell by its various activities also guide and assist future entrepreneurs on various aspects such as preparing project reports, business model canvasing, prototyping, assisting in designing product market fit, test marketing, obtaining project approvals, connecting them to potential investors, fund raising, loans and facilities from agencies of support system, information and technologies, and startup ecosystem etc.

Vision:

• SBS-EDC Supports businesses and innovators as they develop, launch, and commercialize their ideas and motivate the students to bring out their latent spirit of Entrepreneurship.
• Building entrepreneurial ecosystem at institute marching towards establishing the startups.
• Producing successful entrepreneurs imbibed with leadership qualities using innovative and ethical business practices to make global impact.

Mission:

• To be at the forefront of emerging & scalable startups, innovation and creation of intellectual property to attract talent.

Objectives:

• To help and foster emerging entrepreneurs and provide a nurturing platform that would support their journey from ordinary student to an entrepreneur.
• To provide guidance and facilities to first time entrepreneurs during gestation.
• To develop entrepreneurial skills among students and faculties.
• To build up an innovative ecosystem by initiating activities including mentor pool and networking which touches every student of the institution from academia to entrepreneur.
• To inculcate the spirit of innovation and entrepreneurship among the students by Organize competitions in the institute on innovative ideas.
• To create an ecosystem and provide required infrastructure that can enable students and faculty for scouting ideas and pre- incubation of ideas.
• To inculcate a culture of innovation-driven entrepreneurship.
• To encourage students to establish new technology/ knowledge/ innovation-based startups.
• To build a vibrant startup ecosystem, by establishing a network between academia, financial institutions, industries, and other institutes

The values surrounding entrepreneurship will result in attainment of the full capacity of the youth’s aptitude. We hope to create a future where the youth views entrepreneurs as statues of inspiration and entrepreneurship as a viable career option.

Following activities are planned under SBS-EDC

• Inauguration of SBS-EDC.
• Biz Wiz (Flea Market)
• Ideation Competition
• Startup Founders Meet
• Visits to Startups and also Traditional Businesses
• Visits to Manufacturing units & factories  (MSME)
• Visit to Incubation centers
• Visit to Co-working Spaces
• Arranging interactions with CA/CS for company formation, compliances and for other legal and financial matters.
• MSME Leader’s Interactions.
• Startup Experts meet.
• Min. 1 Boot camp each semester.
• Min. 1 Pitch Deck each semester.

Advisory Board-

1. Dr.Shriram Dawkhar – Director, SBS.
2. Mr.Vaibhav Bhargav – CEO Podium SYS
3. Mr.Srijit Nayar – CEO Life Inside Media (SBS Alumni)
4. Mr.Anup Mahajan – Head Vivo Health Care Pune (SBS Alumni)
5. Mr.Harshit Singh – Lead Manager, AdonMo (SBS Alumni)

Following members are the office bearers of the SBS-EDC for the AY 2024-25

Committee –