Overview
Overview and Objective
Innovation is an integral part of BITS.
The Institute has set up the Center for Innovation, Incubation and Entrepreneurship (CIIE) to support innovation and entrepreneurship. The objective of CIIE is to provide an enabling ecosystem for 1) creation, 2) protection, 3) awareness and 4) commercialization of Intellectual Property (IP).
CIIE plays a key role in supporting the innovation related activities by the Faculty, PhD Scholars and Students.
Major initiatives of CIIE
1. Intellectual Property (IP) protection
Intellectual Property (IP) protection is a crucial component of innovation.
CIIE provides administrative support and coordination during Filing of Patents by the inventors - the Faculty, PhD Scholars and Students.
2. IP Awareness
CIIE regularly conducts seminars / webinars on the various aspects of IP creation, protection and commercialization.
3. Support innovation and entrepreneurial activities
Entrepreneurship Education: NVC
New Venture Creation (NVC) is a unique course being offered at BITS, Pilani University that enables students to graduate as job givers than job takers. The purpose of this course is not to teach entrepreneurship but to create entrepreneurs. The course enables the student start ups, mostly technology based, to grow by providing the building blocks for creating an enterprise using the lean start up method. This course provided students with the tools to take their ideas to the market.
The course collaborates with large number of BITSian entrepreneurs as well as several non-BITSian entrepreneurs and investors for lecture and mentorship. It is their selfless support that forms the key to the success of this course.
In order to create a successful startup, student teams are required to address various issues in startup creation: market research, competitor analysis, customer development, technology viability, product development, marketing & sales strategy, team formation, legal compliance and fund raising. Interactive sessions with entrepreneurs across the globe are supplemented with faculty facilitated hands-on workshop and feedback sessions to create deliverables like elevator pitch, business model canvas and minimum viable product. Offered through the special Tele-presence Classroom facility connecting all BITS, Pilani Campuses the sessions are able to connect virtually with speakers across the globe.
Each team is assigned an experienced entrepreneur as mentor who guides them through the semester and beyond. The teams compete with each other and the top teams are awarded seed fund to pursue the business idea for incubation after the completion of the course and eventually to launch the business.
CEL BITS Goa
Center for Entrepreneurial Leadership(CEL) BITS Pilani Goa campus is the entrepreneurship cell of the campus which was seeded by BITSAA under the umbrella of CIIE BITS Pilani. For more details:-https://celbitsgoa.com/