PTVAIM was selected as one of the 900 higher education institutes to form Institution Innovation Council (IIC) in year 2018-2019. IICs were established in these institutes under the aegis of MHRD’s Innovation Council (now Ministry of Education’s Innovation Council) – MIC and AICTE.
The objective of the IICs was to conduct activities that promote entrepreneurship and innovation on campus.
In keeping with the same COEI (PTVAIM’s business incubator) conducted several lectures on various topics from design thinking to IPR to business marketing, one boot camp on ‘How to convert idea into project and project into product’, a Six days advanced entrepreneurship development program that covered all aspects of entrepreneurship right from ideation to launch of the business, One business plan competition where 63 students from across Mumbai participated and the top three winning ideas were given Rs. 1 lakh, Rs. 75 thousand and Rs. 50 thousand respectively. Two field visits were conducted for the students. One was to Learning Space Foundation in Waada district Palghar to understand their problems and find a solution in which rural and urban populace can collaborate and form a sustainable business plan. The other visit was to Sardar Patel Technology Business Incubator (SP-TBI) to gain holistic understanding of how a business incubator works.
COEI also conducted a special voting awareness campaign in locality under guidance from MIC to encourage people to vote in the national elections. A special lecture series of nine sessions was also conducted for the incubatees of COEI. These sessions were customized to their specific business models. The synchronous activities conducted by COEI for IIC were with the objective of developing entrepreneurial culture on campus with a scale up model. In total close to 20 big and small activities were conducted throughout the year and we managed to reach up to 7 colleges and 1000 students for entrepreneurial promotion.