In a country like India, where there is still a huge potential for new businesses to flourish, thanks to the heterogeneous nature of its society, culture, economy and demography, becoming an entrepreneur should be a natural choice for any young Graduate/ Post-Graduate fresher. The current Prime Minister of India, Sh. Narendra Modi has also provided impetus to the entrepreneurial activity in the country through launching of the ‘Startup India’ scheme which provides a host of benefits and removes a lot of entry barriers for a fresh startup. Due to the emerging scenario of Entrepreneurs, Panipat Institute of Engineering and Technology (PIET) launched its Entrepreneurship Development (ED) cell named “Seedling” after having taken numerous initiatives in this direction over the past years. The Cell was inaugurated by Sh. Chander Shekhar Khare – IAS, Deputy Commissioner Panipat, Haryana and Sh. Tirlok Gupta, Assistant Director, Ministry of Micro, Small and Medium Enterprises (MSME) on 9th June 2016 in the Institute premises.
Starting of new ventures by young entrepreneurs is the best strategy to combat the economic slowdown being currently faced by the entire world. Keeping this in mind, the Chairman of ED Cell, Dr Saurabh Garg , initiated numerous activities to promote the spirit of entrepreneurship amongst its students, over the past year. Some of the Initiatives by PIET towards Entrepreneurial world:
- Being an Entrepreneur is not always easy and there are so many challenges to overcome, from funding to right business idea. In this context a Seminar and Panel discussion on “Funding challenges and opportunities for MSMEs in Haryana” was organised by the Department of Management Studies and Entrepreneurship Development (ED) Cell of Panipat Institute of Engineering and Technology (PIET) on 05.03.2020. The event was attended by more than 200 students and faculties. The key areas of discussion was to create awareness in MSMEs and academia about the various sources of Finance available to MSMEs, Documentation and other statutory requirements towards availing funding opportunities, preparation tips of Project report and funding proposal for Start-Ups and to build a platform for Industry-Financial Institution – Academic connect and collaboration to facilitate successful launching of new projects in the MSME sector and driving existing MSME businesses towards high growth trajectory. Speakers of the event were Mr. Suraj Kumar HDFC Bank Circle Head Business Banking Group, Chief Guest Mr. Vinod Khandelwal Chairman of Haryana Chamber of Commerce and Industry Chapter Panipat, Panelist:- Mr Girish Kumar Assistant General Manager SBI Special Commercial Branch, Panipat, Mr Kaushal Kumar Representative SIDBI Branch Kundli, Mr Gautam Garg Venture Capitalist Chandigarh, Mr D.K.Tyagi Assistant Director MSME DI Karnal, Professor Suresh Bedi Chief Academic Mentor PIET.
- As we know Intellectual property Rights (IPR) is a category of propertywhich includes intangible creations of the human intelligence. In this context a workshop on Intellectual property was organised by Entrepreneurship Development (ED) Cell of Panipat Institute of Engineering and Technology (PIET) on February 22, 2020. The event was attended by more than 150 faculties. In the event expert talk was delivered by Dr. Parmod Malik (Co-ordinator, Centre for IPR studies Department of Laws, BPS Women University, Sonepat, Haryana) .Initially the participants got to understand the Intellectual Property process. Later they were equipped with the knowledge about copyrights, patents, trademarks, and trade secrets and how this contributes to our economy where consumers use IP to ensure they are purchasing safe and guaranteed products.
- As we know that creating a new stable venture is a challenging and complex task. The risk of starting a new business is high. In this context a workshop on Entrepreneurship, start-ups and IPR was organized by Entrepreneurship Development (ED) Cell of Panipat Institute of Engineering and Technology (PIET) on October 23, 2019. The event was attended by more than 400 students and faculties from different streams such as Pharmacy, Management, and Engineering. In the event expert talk was delivered by Dr Parmod Malik (Co-ordinator, Centre for IPR studies Department of Laws, BPS Women University Sonepat Haryana) and Mr Sandesh Agarwal (Manager IPCurate – Verispire Inc. Noida) on the basics of Entrepreneurship, Intellectual Property Rights, Patents, Trademarks, and Copyright. This was followed by the presentations by students of PIET who discussed about entrepreneurship with special reference to social, rural, and women entrepreneurship. Initially the participants got to understand the process, risks and rewards of starting up a new venture. Later they were equiped with the knowledge, skills, and tools required to start up thier own business in such a high competitive market. Most importantly they were informed about the precautions they need to take while running any business.
- Ed Cell also organized 3 days Entrepreneurship Awareness camp sponsored by NSTEDB, Deptt of Science and Technology ,Govt of India on 12-14th August 2019
- A one week Faculty Development Programme was organized by Department of Management Studies on “Entrepreneurship And Innovation” from 8th to 13th July, 2019,. Faculties of various Institutes and from various departments enthusiastically participated in the sessions.
Objective of the FDP was to expose the participating members to the comprehensive entrepreneurship development and equip them with the requisite skills, knowledge and competencies fro effective initiation of goal oriented activities in their respective institutions. The inaugural session was delivered by the Chief Guest of the programme, Prof. (Dr.) S.K. Dhamija , Dean Academics and international affairs, HOD- EDIC, Chairman, Academic Cell, NITTTR, Chandigarh, on the topic “Blue Ocean Strategies For Entrepreneurship Development”. Prof. (Dr.) Shakti Kumar, Director- PIET addressed the audience and enriched the session by sharing his knowledge on “Innovation, Technology and Entrepreneurship”. Prof. (Dr.) S. K. Bedi, Chief Academic Mentor- PIET, Prof. (Dr.) Sanjeev Mittal, Professor – Guru Govind Singh Indraprastha University Delhi., Mr. Subhash Chand Kwatra General Manager- Punjab and Sind Bank New Delhi along with Mr. Ashish Seth- Chartered accountant, Delhi, delivered their sessions on “ Key issues in entrepreneurial finance” and “Government Schemes to support entrepreneurs and their initiatives”.
(Dr.) Mridula Mishra, HOD- HR, Mittal School of Business, Lovely Professional university, being one of the key spokes persons of the FDP, delivered her session on “Strategic leadership for entrepreneurship”. Mr. T.K. Ruby a renowned industrialist shared his personal life experiences and explained how he turned to be a winner from every situation that led to hurdles in his business. Mr. Ramesh Bajaj, a renowned industrialist and District Governor- Elect, Rotary shared his valuable experiences that filled faculty with zeal and they applauded loud.
Sh. Suresh Tayal, Member-Secretary, Board of Governors, PIET enriched the participants by sharing his experiences and journey from scratch to the success.
Prof. (Dr.) Meenakshi Gandhi , from Vivekananda Institute of Professional Studies, Guru Gobind Singh Indraprastha University, New Delhi, beautifully delivered a session on Entrepreneurship and innovation by quoting a large number of Indian budding entrepreneurs and making it a very interactive session.
Prof. (Dr.) Shakti Kumar, Director-PIET shared his experience on “How technology enhancement will be a collaborative effort from entrepreneurs and technicians” and on “How to be an effective leader”
- Entrepreneurship Awareness Camp: In order to sensitize students about Entrepreneurship (an alternative career option), 3 Days Entrepreneurship Awareness Camp was organized in PIET, which was sponsored by NSTEDB, Department of Science & Technology, Govt. of India in collaboration with Center for Applied Research & Entrepreneurship (CARE) of ABES Engineering College, Ghaziabad from 11-13 January 2017. During the camp 80 students from different streams were exposed to the concept of entrepreneurship, its pros and cons as a career and how it differs from the usual job culture.
- Business-model competition: On the eve of ‘Maestros’, the annual three-day cultural festival held in PIET from 17thJanuary to 19th January, 2k17, The Seedling Cell organized Inter-college business model competition, in which teams of young, budding entrepreneurs delivered presentations on the business model on which they had worked out over weeks of meticulous planning and research.
- Entrepreneurship conferences/courses: The Cell organized a short-term course on ‘Entrepreneurship and Business Incubation using Blue Ocean Strategies’ sponsored by NITTTR, Chandigarh on 7th-11th November, 2016. The course was targeted for faculty of Management and Technical Institutions so as to encourage and motivate them to develop an entrepreneurial aptitude so as to incubate new business ventures. The course gained significance due to the current focus of Govt. of India on its scheme: Start-up-India.
- Ed Cell organized a “One day awareness program on support for Entrepreneurial and managerial development of SMEs through Incubators” on 11th February 2016 in the Institute premises. The program was conducted by Mr. Trilok Gupta (Astt. Director, MSME-DI KARNAL). The objective of the workshop was to sensitize the students on the benefits of launching their own start-up and the support which can be garnered from MSME in this regard.
- Marketing Plan Competition: The Institute organized a Marketing Plan Competition on 15th September, 2015 amongst PIETians. Team entries were invited for the competition and were presented with the task of preparing a plan for marketing of the upcoming three-days annual cultural festival of PIET titled ‘Maestros’ among participants and students of Delhi-NCR region so as to ensure maximum participation of the event, which itself acts as a brand-building exercise for the Institute. Marketing of their product or service offerings in an appropriate and cost-effective way to their potential clientele is a major challenge faced by young entrepreneurs who are strapped for funds in the initial phase of their venture when there is limited cash flow, due to which they can’t afford any expenditure which does not bear immediate results. Hence, this event was organized to give the students a feel of that challenge and understand means to withstand and overcome it.
After the start of “Seedling”, the activities of the Cell on this front have further gathered steam which has resulted in a number of activities/initiatives which are in pipeline over the coming year. Some of these include:
- Guest Lectures: The ED cell plans to increase the frequency of guest lectures from successful entrepreneurs in the college so that students get a hands-on account of the challenges faced by an entrepreneur and means to overcome them.
- Alumni Jab:The Cell plans to organize an ‘Alumni Jab’ where alumni of the institute who have already turned entrepreneurs would be invited to share their knowledge and experience with the current students.
- Start-up Fair:The ED cell will organize a ‘Start-up Fair’ at the college premises where budding student entrepreneurs of the college and nearby colleges will have the opportunity to rub shoulders with industry experts, researchers, mentors and entrepreneurs.
- Entrepreneurship Wakefulness Drive (EWD):The members of the ED cell will conduct an EWD within all departments of the institute so as to make the students aware on the importance and immense benefits which can be reaped by starting their own venture and the various efforts and initiatives undertaken by the Government of India to promote start-ups. They will also be encouraged to form inter-disciplinary teams so that their varied skill-sets can play a complimentary role in staring a new business venture.
- Knowledge Camp:The ED cell will open a knowledge camp within the institute where books, articles, research papers, CDs, presentations, videos, e-journals and expert advice would be made available to the students who look towards entrepreneurship as a career choice after completing their studies.
- The ED cell would lend hands to innovative ideas through:
- Funding:It would arrange for provision of seed capital and bank loans to promising projects by tying up Venture Capitalist (VC) firms and leading banks.
- Mentoring:The cell would provide mentoring from industry experts, bankers, officials from MSME and successful entrepreneurs to budding start-ups.
- Organizing competitions on innovation and creativity:Considering the fact that new business ventures that run on fresh ideas and an innovative approach have a greater likelihood for success, such competitions would do a lot to develop out-of-the-box thinking among the students.
Dr. Saurabh Garg
Chairman – ED Cell (Seedling),
Department of Management Studies (MBA), PIET