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

I&E Infrastructures & Facilities Innovations Supported by HEI

  • Technology Readiness Level 4 and above

Start-ups Supported by HEI

  • 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

Co-Incubation and Partnership Giving Incubation

  • Receiving Incubation, Giving Incubation

Angel and Venture Capital Funding/ Investor Linkage Facilitated by HEI/Incubator

  • Total Angel/VC Fund Amount raised by Innovations
  • Total Angel/VC Fund Amount raised by Startups

Teaching and Learning on Innovation/IPR/Entrepreneurship

  • No. of Full-time Programs
  • No. of Short time & Elective / Core Credit
  • No. of MDP, EDP, FDP Programs

IP & Technology Commercialization

  • Patent Granted
  • Patent Published
  • Incubated Start-up holds Patents
  • No of IP Commercialized/Technology Transferred

Budget (Expense and Revenue) on Innovation/IPR/Entrepreneurship

  • 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