Research Enterprise

• To encourage and     support     students     and     youngsters     to     opt  for entrepreneurship as a career opportunity.
• To strengthen the students, alumni and local entrepreneurial ecosystem by providing the necessary  information,   knowledge,   support,   facilities  and organize  community-level  programs  and  summit  to  develop  the  start-up culture.
• To connect the start-up aspirants with the respective domain experts, entrepreneurship mentors, consultants and investors.
• To work and     network    with    various    organizations    in     the    field    of  entrepreneurial development.

• Innovation Cell of ACE addresses the challenge of building innovation and entrepreneurship ecosystem which has Start up cell initiated at college under TEQIP – III
• ACE has constituted Institution’s Innovation Councils (IIC) as per the guidelines of MHRD’s Innovation Cell and has reserved budget for its activities. IIC ACE has council framed to support conducting various activities related to innovation, startup and entrepreneurship development.
• In addition to IIC council formed at institute level, innovation champions shall be nominated from within the students/ faculty/ staff for each department.
• Conducts start up awareness activities such as workshops, idea competition, field visits, innovation center/startups labs visits round the year as specified by MHRD guidelines.
• Connects Startups through motivational talks about their experiences and provides internship opportunities.
• Startup week – an annual workshop will be organized to create awareness about design thinking, patent filing, ideation to productization and to enable students with their faculty mentors to pitch in their proposal. The selected ideas are awarded SEED MONEY to take their proposals forward.
• Students are encouraged to participate in events and competitions from CII, SIH, IIDC.
• Few students have started their own companies few others are aspiring to be entrepreneurs.

• To create and foster a University wide ecosystem for new ideas to flourish.
• To provide support for conversion of the innovative idea of students, faculty, staff and researchers to ventures that address the problems in society with special focus on less developed regions.
• To provide the infrastructure and incentives for generating interest among the students, staff, faculty and researchers to engage in innovative pursuits and product development for facilitating commercialization.
• To support innovative knowledge-based venture creation within the Institute.
• Setting direction for streamlining and establishing a strong start-up ecosystem in campus.
• Measuring Innovation & Start-up ecosystem based on Input, Process, Output and Outcome based parameters.
• Focusing on both quantity and more on quality aspects of Start-up Eco-System available at Institute.
• Also measure the impact created by these innovations and Start-ups from Institutions in society and market.
• To facilitate innovation, foster entrepreneurship, start-ups by providing facility to conduct POC at institute.
• Handhold to transform POC to products towards societal needs.
• Establish an ecosystem to nurture innovation and entrepreneurship through incubation, facilitation for filing patents.
• Institutional entrepreneurial agenda includes spreading awareness among students and faculty about the importance of innovation, entrepreneurship, its role in career development as well as employability of the students.

ARIIA ranking will certainly inspire Higher education to reorient their mind’set and build ecosystems to encourage high quality research, innovation and entrepreneurship. Moreover, ARIIA wiil set tone and direction for institutions for future development for making them globally competitive and in forefront of innovation.

• Startup:  An entity  that  have  scalable  and  sustainable  business idea based on product or service innovation.
• Student startup: A student or a group of students studying under ACE AOE have an idea and want to initiate as a startup.
• Faculty   startup:   It   may  consist   of  faculty   members   alone   or   with students or with faculty of other institutes or with alumni or with other
• entrepreneurs.
• Individual   Entrepreneur:   An   individual  who   has  an   entrepreneurial mindset and have an idea that he wants to convert it into a commercial viable product.
• Mentors:  An  individual  who  have  the  experience  of entrepreneurship journey or a skill manpower willing guide the startup in their journey.

Parameter 1: Programs and Activities on IPR, Innovation, Start-up and Entrepreneurship Organized

1.  Part-1: Program Conducted by Institute Related to IPR, Entrepreneurship / Start-ups & Innovation (Data required for Financial Year – 2018-19)
2.  Part-2: Participation / Representation of Students and (or) Faculties in Events / Programs related to IPR, entrepreneurship / Start-ups & Innovation organized by repute external institutions or agencies at national or international level (Data required for Financial Year -2018-19)

Parameter 2: Annual Budget Spent on Innovation & Start-up funding, Income & Expenditure towards Promoting and Supporting Innovation & Start-up in Campus.

Parameter 3 & 6: Pre-Incubation & Incubation Infrastructure; Successful Innovation and Start- ups; and Funding, Expenses and Income from Innovation & start-ups during the financial year 2018-19.

1. Part -1: Innovation, Pre-Incubation & Incubation Centre/Facilities and Services.
1. Part 1(a): Innovation, Pre-Incubation & Incubation Centre/Facilities exists in campus
2. Part 1(b): Grants / Funds Received by Pre-Incubation & Incubation Centre /Facilities exists in Campus
3. Part 1(c): Idea / Prototype / Innovation have received Grant / funding from Pre-Incubation / Incubation Centre / Facilities
4. Part 1(d): Start-ups have received Grant / funding from Pre-Incubation/Incubation Centre/Facilities
2. Part -2: Co-Incubation Partnership

Parameter 4: Courses on Innovation, IPR and Entrepreneurship Development Offered by  Institute during the Academic Period 2018-19.

Parameter 5: IP Granted and Published; Tech Transfer and Commercialized

• Part -1: Patent Granted and Published (Obtained from Third Party Source)
• Part-2: Technology Commercialization / Transfer

• Organize the events,  hackathons,  ideathons,  and  summits  for strengthening the network.
• Encourage interested students,  faculty and  staff members for Project  to
  Product (P2P)  Transformation  Program (for Engineering and other disciplines)  in collaboration with School of Design
• Contribute in long term institute branding activities
• Conduct upskilling and outreach programs
• Execute and evaluate the outcome of minor specializations in innovation,
  entrepreneurship and startup/venture.
• Amendment of existing IPR and Innovation many Startup policies
• Constitute the alumni council for startup and innovation.
• Encourage to adopt and strengthen the NISP (National Innovation and
  Startup Policy for Students and Faculty) policy for all stakeholders of the institute.

1. To develop the spirit of innovation and entrepreneurship amongst students, Faculty and  staff of the University.
1. Innovation and Entrepreneurship Awareness Sessions
2. Entrepreneurship Boot camp
3. Impact Lecture with Entrepreneurs and Innovators
4. FDP on Entrepreneurship
5. Exposure trip to incubators/ accelerators
6. Entrepreneurship Week
2. Identify and Develop Innovative ideas
1. Workshop on Design thinking for Innovation
2. The Big Shot- Idea Pitching Competition
3. Workshop on IPR
4. Workshop on stage gate process of Innovation
5. Innovative Project demo Day
6. Workshop on Business Model canvas
7. Business Plan competition
8. Workshop Legal Compliance for Startups
9. Workshop on preparing an effective pitch deck and mock investor pitching session
10. Webinar on Raising funds for Business
3. To Promote Industry-University Interaction
1. Entrepreneurship/ Business Conclave in collaboration with industry association/ chamber of commerce
2. Mentoring session with Industry experts
3. Webinar session with Promoters and senior management from Industry

1. Entrepreneurship in ACE
2. Consortium:
3. Network of Innovation Clubs (NIC)
4. Atal Ranking of Institutions on Innovation Achievements (ARIIA)
5. Smart India Hackathon (SIH)
6. National Student Startup Policy (NSSP)
7. Mentoring and Startup Generation
8. Start up Eligibility and Enrollment
9. Intellectual Property
10. Periodic Assessment

1. Entrepreneurship in ACE

Entrepreneurship is the process of starting a business, typically a startup company offering an innovative product, process or service. Anentrepreneur perceives an opportunity and often exhibits biases in taking the decision to exploit the opportunity.

1.1 E-cell

E-Cell  ACE is the entrepreneurship cell of ACE. As the name suggests, the very purpose of E-Cell is to foster a community of contemporary as well as seasoned entrepreneurs, along with mentoring of new and budding startups across the country. E-Cell has been the driving force forchannelizing and guiding more startups, impacting over 5000 students, and would be entrepreneurs.  With a variety of student intensive, learning-oriented programs, the organization plays akey role in the development of entrepreneurial skills and giving an opportunity to the deserving.  At the same time, it has been invoking a sense of responsibility towards the nation in students by empowering social startups as well. Throughout the year, the E-Cell organizes expert talks, webinars, workshops, light skill development events as well as highly rewarding competitions, actual pitching scenarios and much more.

2. Consortium:

The consortium is the annual summit of ACE, which basically the abridgement of all the activities that the E-cell performs.Usually held as a three-day summit, Consortium is filled with famous key-note speeches, enthralling competitions, captivating side events, and much more.Experiencing a footfall of over 5000, consisting of students, aspiring entrepreneurs and enthusiasts, it is one of the largest gatherings for entrepreneurs.

3. Network of Innovation Clubs (NIC)

ACE will prescribe basic framework for the structure, formation, structure and smooth running of ICs and will soon share list of different activities which ICs need to undertake for the entire academic year

4. ARIIA will primarily focus on 5 main parameters

5. Smart India Hackathon (SIH)

Smart India Hackathon 2019 is a nationwide initiative to provide students a platform to solve some of pressing problems we face in our daily lives, and thus inculcate a culture of product innovation and a mindset of problem solving. In this new edition, students would have the opportunity to work on challenges faced within the public and private sector organizations, and NGOs in addition to government problems pooled from various union ministries. As like in previous editions, Smart India Hackathon 2019 would also have 2 sub-editions – Software edition (a 36-hour software product development competition) and Hardware edition (a 5 days long hardware product development competition).

6.  National Student Startup Policy (NSSP)

The policy aims at identifying the innovative and entrepreneurial potential of students and transforming them into start-up entrepreneurs. This can be done by developing an ideal entrepreneurial ecosystem and promoting strong inter-institutional partnerships among technical institutions, other ecosystem enablers, different stakeholders, programs, market and society.

7. Mentoring and Startup Generation

 5.1 Pre-Startup planning:  It is very important to primarily identify which ideas have scalable and sustainable business plan and can successfully face the real time market challenges. This phase of pre-  startup can prepare student entrepreneurs for the incubation phase by providing them prerequisite skills and knowledge that will help them validate and assess their ideas as well as define their business models in detail. In the pre-startup phase, the following activities are to be performed:

• Idea Validation: Incubate can discuss their idea with the mentors and do its basic market analysis just to understand the current market challenges and their competitors.
• Promoters Details: Relevant details of promoters are  required  to  be validated before allowing start-ups to enter into this process.
• Development of rapid prototype:  The  incubate  can  start  with  the development of a prototype of their idea to understand its development challenges
• Registration of Startup: The start-up needs to be registered under a form of business  entity  like  Partnership  Firm,  LLP,  Private  Limited Company  and  One  Person  Company.   Start-ups  should  be  able  to provide a copy of the registration certificate/letter to his/ her academic institution.

5.2 Startup Acceleration: The startups will be supported by the institute in terms  of incubation  and laboratory  support,  space of the  incubate, technical expertise, mentor connections, service provider connects, and any other support based on mutual understanding.

5.3 Startup   Mentors:    The    mentors   will    be    industry    experts    and    or entrepreneurs from field like IT, electronics, R&D, sales, legal, finance, and many more.

8. Startup Eligibility and Enrollment

6.1 Startup enrollment is open to:

• • Students and alumni
  • Faculty and staff members (current and in the recent past),
  • MIT AOE’s R&D partners
• Local residence of nearby location.

6.2      Startup Eligibility:

• Startup should have innovative idea that have scalable and sustainable business model.
• Startup’s idea should have commercially viable solution.
• Startup should be ready to incubate with the ACE AOE-EDF (depending to their mutual understanding).
9. Intellectual Property

The intellectual property (IF) that can be a patent, software code, copyright, design registration, developed product, or alike will be shared by the startup and ACE AOE. During the transfer of / licensing of/ permission to use IP, the startup will have to approach to ACE AOE and ACE AOE-EDF for its request.

ACE Entrepreneurial  Development  Foundation(ACE-EDF) management and    mentors   will    evaluate    the    performance    of   startups periodically. Startups will submit information to ACE-EDF on quarterly basis in a prescribed format. The companies may also be subject to an annual assessment by a committee comprising of external experts.

No data filled by ACE in the following categories:

1.  List the Employment Generation Skill Development Programs Organized by the HEI on Innovation, IPR and Entrepreneurship Development During the Academic Period (2019-20).
2. List the Full Time Faculties had with a Degree (UG/PG/PhD) in innovation/IPR/ Entrepreneurship and (or) Received Specialized Training Program of I&E, IPR(MDP, EDP, FDP, Short-term Certificate Course, of minimum 30 hours Duration) conducted by various State, Central Govt. agencies, and Knowledge Agencies in the Academic Period (2019-20)
3. List the Incubation Facilities at the HEI (>=1500 Sq. Floor Area)
4. List the Innovation Park/Research Park Facilities at the HEI (>= 5000 Sq. Ft. Floor Area)
5. List the IPR Cell/Technology Transfer Centre Facilities at the HEI
6. List all the Innovations Generated Development, Completed and Implemented in Ground with Support of Pre-incubation & Incubation facilities at the HEI and Recognitions Received.
7. List all the Ventures/Startups/SME Units Established with Support of Pre-incubation & Incubation facilities at the HEI.
8. List all the Innovations/Venture/Startups for which HEI has facilitated Angel/Venture Capital Fund.
9. Empaneled Mentoring Service Support
10. Ventures Established with the Support of the HEI
11. List all the Collaborations with External Agencies and Co-Creation of I&E Activities by the HEI.
12. List the IPs Filed/Published/Granted (Copy Right & Designs Only) by the HEI as Co-applicant/Co-owner.
13. List the IPs hold by the Innovation teams/Startups Incubated at the Pre-incubation/incubation Unit of the HEI.
14. List the IP Commercialized/Transferred Published & Granted to HEI as Co-applicant/ Co-owner