NEWGEN Innovation and Entrepreneurship Development Centre (NEWGEN IEDC) was established at Sumathi Reddy Institute of Technology for Women, Warangal in 2018. IEDC-SRITW is funded by Department of Science and Technology, New Delhi for five years with total grant of Rs 2.8 Cr. IEDC Mission is “Develop Institutional mechanism to create Entrepreneurial culture in academic Institutions to foster growth of innovation and entrepreneurship amongst the faculty and students. The goal of IEDC is to bring out the software/hardware product which has market value, prepare Business plan and to form a company. Through this, students learn the value, and cost of the product, along with vital marketing strategy, funding and the process of registration of company. Every year student projects are funded by DST. Additionally five new projects are supported by the Institute. SRITW is proud to announce that our college is amongst 16 best colleges in India to receive a grant of 2.8Crores from Department of Science and Technology (DST).
National Science & Technology Entrepreneurship Development Board (NSTEDB), Department of Science & Technology (DST), has taken an initiative of introducing this scheme for setting up “New Generation Innovation & Entrepreneurship Development Centres (NewGen IEDCs)” being implemented by Entrepreneurship Development Institute of India (EDII), Ahmedabad. NewGen IEDC has a mission to “promote knowledge based and technology-driven start-ups by harnessing young minds and their innovation potential in an academic environment”.
In the year, 2017-18 and 2018-19 i.e. first year and second year of this project, the program received an overwhelming response and through robust screening and selection process, 14 NewGen IEDCs (2017-18) and 12 NewGen IEDCs (2018-19) have established in various parts of the country.
NewGen IEDC was established at Sumathi Reddy Institute of Technology for Women, Warangal in 2018. SRITW is one of the 26 institutes selected as centers under NewGen initiative by DST along with premier institutes like IITs, NITs. It is the only women engineering college in Telangana to have NewGen IEDC and receive a grant of 2.8Crores from Department of Science and Technology (DST). Prominent personalities from the industry take sessions with the students on a regular basis to acquaint them with contemporary best practices existing in the industry. Thereby produce globally employable graduates with adequately equipped entrepreneurial skills.
Several research projects are in progress which are funded by DST.
Ananthasagar, Hasanparthy, Warangal, Telangana, India - 506371.