We are proud to be the first Women Engineering college in the state of Telangana to launch Technology Business Incubator under ASPIRE initiative of the Ministry of Micro, Small and Medium Enterprises (MSME).
ASPIRE stands for ‘A Scheme for Promotion of Innovation, Rural Industries and Entrepreneurship’. The Ministry of MSME, Government of India launched the ASPIRE scheme to set up a network of technology centres and incubation centres to accelerate entrepreneurship and also to promote startups for innovation in agro industry.
Primary objective of ASPIRE Technology Business Incubator (TBI) is to create new jobs and reduce unemployment. In order to achieve its goal, an ecosystem that facilitates economic development from grassroot level is to be created, starting from the district level by facilitating innovative business solutions for unmet social needs. Sustainable local solutions that have global relevance is the vision of the TBI.
NewGen IEDC-SRITW organizes a series of events every year to instill the spirit of entrepreneurship among the students. The following are the events organized every year:
Weekly Innovation Challenge (WIC) is conducted on Wednesday afternoon of every week from 2019. Students have to complete the given challenge in the stipulated time. The challenge puts students in a real life situation involving collaborative and investigative learning, community exploration, and innovation. The aim of the WIC is that the participants entering the challenge are able to exercise their creative side, work in interdisciplinary teams, and experience the team dynamics. They tackle a novel situation under intense competitive time pressure, while networking with other students outside their disciplines and most importantly fine-tuning their entrepreneurial skills. Such an approach is a key to successful start-up and innovation.
Project Expo is a technical event in which the participants should prepare their project at home and they have to bring the project to demonstrate before the judges. There is only one round and the best is chosen by the judges and the respective prizes are given away. It is an interdisciplinary activity, all the students of all the branches are allowed to visit the project expo. By conducting this students learn the practical concepts and gain knowledge.
Innovision is a two day National level Technical Expo organized by Sumathi Reddy Institute of Technology For Women NewGen IEDC. It aims to provide a platform for students across the globe to assemble, interact, share and gain knowledge in various fields of science and technology. Through this symposium we seek to provide a platform for budding engineers and scientists from all over India to display their skills in a plethora of events designed to exercise their minds, and to further a spirit of technology. From 2019 onwards every year SRITW NewGen IEDC conducts Innovision. Innovision has grown in strength and in numbers, and is now considered to be one of the biggest technical festivals in Telangana. It is a place where technocrats gain hands-on experience and enhance their technical skills. Various engineering-based, science and technology based competitions, guest lectures, workshops, exhibitions and demonstrations serve the purpose.