Priorities:Prasad V. Potluri Siddhartha Institute of Technology Student Priorities
Contents
ENCOURAGE MORE STUDENTS TOWARDS INNOVATION & ENTREPRENUERSHIP
Strategy 1 : Identifying why students are not participating in innovation and entrepreneurship at the expected level
To enhance innovation and entrepreneurship in a institution the participation of students in those activities is very important .So to engage the students in such activities we need to organize Awareness sessions that teaches the students to know what is the importance of innovation and entrepreneurship in their life . There is a need to identify their strengths and weaknesses which make them understand and focus more on improvements according to their needs .
Offering basic courses related to entrepreneurship in the initial stages of their graduation courses make them to learn the why and what is the importance of entrepreneurship . After acquiring the basic knowledge required to entrepreneurship if they are interested they can move further and do masters in business administration or they can build a start-up according to their priorities .
Strategy 3 : Building Projects and converting it into a business plan
Innovation is all about practical knowledge , So to make their learning more practically students need to build projects models . After the completion of developing a project they themselves can organize a project expo and they can convert their ideas into business . This instill confidence in the students .
The person in charge for this project is T . Dhanya sree .
PROJECT 2 : CREATING A TECHNOLOGY TRANSFER OFFICE.
TECHNOLOGY TRANSFER OFFICE
Technology Transfer Office is defined as an organization, such as a non- profit organization or a foundation, or a division or department, of a Research Member that engages in transferring technology on behalf of the Research Member
The Technology Transfer Office, also known as the License Office or Patent Office, plays a role in commercializing university inventions. Together with the entire team of staff and faculty, these professionals work to find techniques that carry the potential to provide financial returns.
Activities performed by TTO of Office of Technology Transfer
1. TTO works with attorneys for securing patent and other intellectual property rights
2. Tech transfer professionals assess the commercial potential of new inventions
3. Technology transfer professionals’ market available technologies to potential licensees and partners,
4. TTO educates researchers about commercialization principles and strategies
5. TTO assists with faculty start-up creation and development
6. Technology transfer professionals secure funding for early-stage research and start-ups
7. Tech transfers involve negotiating partnerships and license agreements
8. TTO organizes business plan and start-up competitions
9. Technology transfer helps in building innovation ecosystems and support structures that promote innovation and economic development
10. TTO is involved in creating programs that encourage both students and faculty to innovate in labs and maker spaces, so entrepreneurial engagement occurs in a manner that those technologies and innovations can come in the market place
Why TTO for our institution?
This office will be like the extension part of the innovation and entrepreneurship cells. This office is also like a surety for the young minds that their idea can become big with the helps of this office.
We know that the Siddhartha academy is very big organization and it has many institutes under it. So if student from one institute can innovate many great things, just imagine if all the institutes under the Siddhartha academy share their knowledge, technology and experience. It will be a whole revolution. It will be a huge game changer for both the students and the faculty which in turn develops all the institutes.
The Siddhartha Academy has around 23 institutes under it in various fields that include Arts, Medical, Business, hotel management, law, engineering and many more.
Let us say if the medical college has a problem about participation in their blood donation camps or a health camp. The engineering college students can build an app where they can stay informed about the health camps and clear their queries.
Like this colleges can not only help the public with their products but they can also help each other and grow. The number of innovators and entrepreneurs will increase and will be from our institutions.
This will also increase the reputation and the standards of all the Siddhartha institutions. If this becomes a success then the Siddhartha academy becomes one of the leading educational foundations in the country.
HOW TO ESTABLISH A TECH TRANSFER OFFICE:
1. Analyze and prioritize the patent portfolio and other internal intellectual property (IP) “inventories” and capabilities to understand what your institution has to offer the outside world.
2. Analyze your R&D investments to understand the challenges your institution faces.
Note: So, #1 is what you have and #2 is what you need. And these are important steps, regardless of whether you’re a university, a company, or a government lab so that you can leverage both sides of innovation. Now let’s get back to our list.
3. Conduct market research to identify who has what you need and who needs what you have—you’re looking for the intersection of technologies and needs.
4. Develop a project plan for pursuing collaborative partnerships and licenses with the organizations that show up on both lists—and where you’re most likely to have success that maximizes value to the institution. (The NASA Massively Multiplayer Online Game Moonbase Alpha is an example of this type of success.)
5. Secure internal buy-in from the key personnel involved in the specific opportunity. You need to have the buy-in of the inventors of innovations you’re trying to out-license
CONCLUSION
If this is implemented then, then the number of innovations, entrepreneurs will increase from our institutes which contributes more to our society, which also happens to be the main motive of the Siddhartha trust foundation. The person in charge for this project is V.Srichandan.
Strategy: Conducting Competitions and Expos
Importance of conducting Competitions and expos:
The basic importance of conducting Competitions and expos are students can share their ideology, knowledge and experience. Students can interact with different students from various fields. We can share our knowledge to other institutions and they can share their ideas to us. We can know where we are lacking at and improve our campus, they can also help us in doing that. Students can come up with quantity of ideas and select one to implement in their own campus. Students can also adapt to the outside world competition. Expos will be very exciting to watch and attractive. Prototypes can be displayed in the expos to share their ideas to different students and they can learn many things from the prototype ideas.
Implementation of Strategy:
-- Conducting both inter and intra competitions between different institutions.
-- Assigning faculty members and mentors to provide assistance, guidance and judging the prototypes.
-- Organizing various expos to display the prototypes of different student from various institutions.
-- Comparing other organizations to know where we lag at and also to improve our campus.
-- To award them with prizes and certificates to motivate the students for more participation.
Important Challenges:
-- The main challenge would be participation of the students actively in the competitions and expos or debates.
-- Convincing the management to conduct competitions and expos, which will be very useful for students to improve their ideologies and also to improve the campus.
-- Raising awareness of the advantages of these contests to ensure that lots of students take part in these activities.
-- Convincing the other colleges to work with us and share their equipment.
The person in charge for this project is P.N.Raghavendra
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