In order to promote and encourage young entrepreneurs, Acharya Narendra Dev College has set up an Innovation and Entrepreneurship Development Cell (IEDC) that is sponsored and funded by Department of Science & Technology, Government of India. The objective of establishing an IEDC in ANDC campus is to set up an institutional mechanism to create self-employment opportunities and to convert "job-seekers" into "job-generators".
To foster entrepreneurial culture among students, IEDC will conduct various training programmes like Entrepreneurship Awareness Programmes (EACs), Entrepreneurship Development Programmes (EDPs) and Faculty Development Programmes (FDPs) etc. In addition to this, it would initiate student-projects for innovative ideas each year. The outcome of these projects is aimed to bring new products to the market or to develop new methodologies so as to generate/ manufacture existing products in a more cost effective and environment friendly way. By doing so, IEDC will take the first baby step to bridge the gap between education and industry. IEDC would establish better linkages with industries, R&D institutions, financial institutions and other related organizations engaged in promoting small & medium enterprises (SMEs) including DST, NSIC, EDI, NIESBUD etc.
For the smooth and effective functioning of IEDC, two members of the college viz. Dr. Vibha Gaur, Assistant Professor, Computer Science and Mr. Sanjay Vohra, Placement Officer participated in the Faculty Entrepreneurship Development Programmes (FDP) conducted by National Foundation of Indian Engineers (NAFEN), Delhi and EDI Ahmedabad respectively. FDP aims at equipping teachers with skills and knowledge so that they could act as resource persons in guiding and motivating young students to take up entrepreneurship as a career.
The IEDC of the college also organized two Entrepreneurship Awareness Camps (EACs) last academic session in collaboration with National Science and Technology Entrepreneurship Development Board (NSTEDB), Department of Science and Technology, Govt. of India. The main aim of EACs was to create awareness among faculty and students about various facets of entrepreneurship as an alternative career option.During the awareness camps interaction with successful entrepreneurs proved to be very stimulating to the participants. They shared their stories of success and failure with students.Students also learnt about the various qualities good entrepreneurs exhibit, while realizing that there is a fair amount of chance involved in becoming successful as an entrepreneur. On last day of the second camp, IEDC arranged an industrial visit to allow students to see for themselves how an entrepreneur runs his enterprise.