
RCOEM Institute Innovation Council
(Ministry of Education Initiative)Objectives:
- Setting direction for the Institute towards streamlining and establishing a strong startup ecosystem in the campus and region
- Measuring Innovation & Startup ecosystem based on Input, Process, Output, and Outcome-based parameters
- Focusing on both quantity and more on quality aspects of the Startup Eco-System available at the Institute
- Also, to measure the impact created by these innovations and Startups in society and the market
Key Result Areas (KRA):
The following KRAs are identified for achieving our objectives:
- Programs and Activities on IPR, Innovation, Start-up Organized & Participated
- Annual Budget Spent on Innovation & Start-up funding, income, and Expenditure
- Innovation, Pre-Incubation & Incubation & Infrastructure Facilities Established
- Awards & Recognition of Students and Faculty Innovations/Start-ups in Various Contests/Events
- Courses on IPR, Innovation & Start-up Offered by Institute
- IP Granted and Published
- Successful Innovations Supported, Produced & Startups Established
- Seed Fund, Angel & Venture Fund Support Raised by Above Start-ups and Innovations
- Tech Transferred & Commercialized
Key Performance Indicators (KPIs):
The following KPIs are identified for achieving our objectives:
I&E Awareness Among Students & Faculties
- Programs conducted, Attended, Awards received
- Technology Readiness Level 4 and above
- No. of Startups with CIN (10)
- No. of Faculty as Founder & Co-Founder with DIN (5)
- No. of Startups with an Annual Turnover of Rs 50 Lakhs or 10 employees
- Receiving Incubation, Giving Incubation
- Total Angel/VC Fund Amount raised by Innovations
- Total Angel/VC Fund Amount raised by Startups
- No. of Full-time Programs
- No. of Short time & Elective / Core Credit
- No. of MDP, EDP, FDP Programs
- Patent Granted
- Patent Published
- Incubated Start-up holds Patents
- No of IP Commercialized/Technology Transferred
- Total Expense on Program Conducted and participated
- Incubation Infra. (Capital Expenditure + Operational Expenditure)
- Total Seed Fund/Grant Disbursed to Innovations
- Total Seed Fund/Grant Disbursed to Start-ups