BITS Pilani

  • Page last updated on Wednesday, July 04, 2018



Overview and Objective

BITS Pilani has set up the Centre for Innovation, Incubation and Entrepreneurship (CIIE) which will be an integrated structure for academic and incubation services related to entrepreneurship at BITS Pilani across its 4 campuses.
The mandate of the CIIE includes facilitating the following:
Technology transfer and Commercialization,
Executing filing of patents,
Custodian of Intellectual Property of BITS,
Supporting entrepreneurial and startup activities,
Interfacing with Incubators of all campuses and
Fostering collaboration with alumni and industry for 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. By providing students with the tools to take their ideas to the market this one semester course is able to convert more than 10% of the ideas to real start ups.
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. Prof. Mridula Goel is the Faculty in charge of the course.
Some of the Startups that are doing well in the market are: 
1. Sattva Medtech
2. Thinkerbell Labs 
3. Prokure
4. Nyrvana Stock Solutions 
6. Recopro
7. Drone Nation
8. Hitchtag
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. 



In an exclusive interview, Prof Mridula Goel, Associate Professor, Department of Economics, Faculty In-Charge, Center for Innovation, Incubation and Entrepreneurship BITS Pilani, K K Birla Goa Campus speaks on the start-up ecosystem in Goa

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