In order to promote and encourage young entrepreneurs Acharya Narendra Dev College has set up an Innovation & Entrepreneurship Development Centre (IEDC) that is sponsored by Department of Science & Technology, Govt. of India to develop an entrepreneurial culture among the academic institutions. The objective of establishing an IEDC 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 conducts various training programmes like Entrepreneurship Awareness Programmes (EACs), Entrepreneurship Development Programmes (EDPs) and Faculty Development Programmes (FDPs) etc. In addition to this, it initiates 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 has taken the first baby step to bridge the gap between education and industry. IEDC also establishes 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, Associate 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.