Mangaluru, Dec 04, 2020: The two day Entrepreneurship Development Program (EAP) for engineering Graduates organized by the Entrepreneurship Development Cell(EDC) of Mangalore Institute of Technology & Engineering (MITE) in association with the Institution Innovation Council and the New Age Innovation Network of the Department of IT, BT, S&T, Government of Karnataka was inaugurated by Mr. K Socrates, Deputy Director, MSME DI, Mangaluru. Inaugurating the event, Mr. Socrates stressed on the need for students to be ambitious and said that Intelligence without ambition is like a bird with no wings. Ambition becomes habit and habit becomes a way of life, this is crucial for entrepreneurs to succeed he said. In his presidential address, Dr. G L Easwara Prasad, Principal of MITE spoke about the entrepreneurship ecosystem at the institution and the vision of the institution to handhold young graduates who aspire to venture into businesses. He urged the students to constantly evolve, explore and exploit from what they learn. Dr. Joseph Jerrad, Head of MITE EDC welcomed the gathering and Mr. Glenson Toney, Manager, MITE Incubation Center hosted the event.
The inauguration was followed by keynote address from Mr. K Socrates, who spoke about the opportunities for young graduates to pursue entrepreneurship in the changing times, and stressed on the need for exploring them. He also talked about the characteristics of an entrepreneur & their undying passion and also hinted at the paradigm shift that India is witnessing where young men and women are inclined towards entrepreneurship. The two days EAP will have successful entrepreneurs, business managers and alumni interacting with the participants on different facets of entrepreneurship.
Entrepreneurship ecosystem at MITE
The Institution Innovation Council, Entrepreneurship Development Cell and the Incubation Center spearheads the entrepreneurial activities at MITE. The institution has a 10000 sq.ft. Incubation center of industry standards which houses three alumni startups and ten student startups. The Incubation Center has received a grant of INR. 1.2 Crores from the Department of IT, BT, S&T, Government of Karnataka through the New Age Innovation Network program and INR. 65 Lakhs from MSME, Government of India for Business Incubation. The Incubation center has seed funded 10 student innovative ideas upto three lakhs with these grants. In addition to this, the institution holds Ideathons, Hackathons, workshops, seminars for entrepreneurship development.