An E-Cell for aspiring entrepreneurs

To help students achieve their entrepreneurial dreams, IIITB has come up with an on campus E-cell. Inaugurated on August 23, the cell will act as a bridge between the students, staff, research labs, institute’s Innovation Centre and alumni, in addition to helping students in spotting business ideas and executing them successfully. With E-cell, students will get to experience the entire process -- from developing their startup ideas to prototyping, testing and finally pitching them to investors.

IIITB has been supporting the startup ecosystem in many different forms, including its Innovation Center and now the E-Cell.

“This year we decided to have something that is much more formal and is directly addressing the needs of the students who want to become entrepreneurs. With enormous amount of talent getting generated at IIITB across various fields, it is only fair to expect that we should be in a situation to solve our own problems. Early stage entrepreneurs should be focused and be able to identify problems and find solutions. However, the startup ideas should complement your education and should not be a substitute,” said professor Chandrashekar Ramanathan, dean, academics, IIITB, on the occasion.

Interacting with students on the occasion, Radha K, investment director, Unitus Seed Fund said that entrepreneurship is about solving problems and making a difference in others’ lives. “It is about being able to pick a problem that is being experienced by a large number of people and solve it in the best possible manner. In the process, you are not only creating wealth for yourself, but for everybody else too. It is about creating jobs, improving livelihood and making an impact in status quo,” said Radha.

Talking about reason behind failure of the startups, Radha said that the biggest reason why startups fail is that the teams don’t believe in the idea or the solution. “More often than not, the teams decide to leave. said Radha.

The E-Cell would act as a bridge between the Students, IIITS Staff, R&D Department, IIITB Innovation Centre & Alumni In IIITB e-Cell a team of your classmates will develop their own new product or startup idea.

They’ll experience the entire process, from developing their idea, to prototyping and testing, to pitching to investors.

They can even apply for a Startup Award that will provide funding and other support to help you turn your idea and project to reality…

Entrepreneurship is not a Sprint it’s a marathon and we shall prepare you for the same said Karthik Kittu Entrepreneur in Residence, IIITB Innovation Centre

The E-cell was inaugurated by IIITB director Prof S Sadagopan, Registrar Commodore (Retd) Sridhar, Dean Academics Professor Chandrashekar & Sr. Outreach Officer, IIITB Innovation Centre Vijayetha Sharma, The event was attended by over 70 Students with 24 from ‘We School’ as a pilot for the joint entrepreneurship cell co-operation.