As innovators and change-makers, it is important to stay connected with the world outside the Institute and stay constantly in touch with the latest trends in different markets as well as ground realities. To facilitate this, the school organizes various outreach programswhich enable the entrepreneur community and staff of RMSoEE to interact and exchange their work and ideas world outside campus.
Since 2006, Technology Incubation and Entrepreneurship Training Society (TIETS) has performed as a dynamic virtual incubation which creates avenues for funding support, mentoring, evaluation and prototype branding. A huge stride towards creating an inclusive funding infrastructure through streamlining the entrepreneurship process at IIT-KGP, TIETS plays a key role by ideation, incubation and integration among the students and the alumni. It also affords young entrepreneurs with the critical opportunity to try out and tinker with their ideas. TIETS works hand in hand with STEP – which provides the physical incubation space to its incubatees.
Since 2007, more than 800 participants have been trained and mentored through Technology-based Entrepreneurship Developed Program (TEDP), a sponsored program from Department of Science & Technology (DST) that aims to promote creation of science and technology oriented entrepreneurial ventures.
FDP (Faculty Development Program)
Also supported by the Department of Science and Technology (DST), FDP creates change agents who can promote entrepreneurship by training the faculties of the various science and technology institutes in the region. RMSoEE provides mentoring to the faculties for project detailing, marketing, financial and operational aspects of new venture, promoting innovation among students and undertake entrepreneurship awareness drive by creating E-Cells in the respective campuses. The school has conducted 17 such FDP programs during 2007–08 and has imparted training to around 400 faculties.
Two-day workshops are conducted on Business Modelling and Venture Creation to help budding entrepreneurs to understand the nuances of entrepreneurship through effective business plan, business models, ideation, market and competitor analysis, financial projections, team building, elevator pitchetc. for successful launching of an enterprise. The participants present their business idea to a team of venture capitalists & angel investors.