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EDC BIT Mesra

, Jharkhand, India • 11 - 50 Employees
Nonprofit Organization Management

Birla Institute of Technology , Mesra , Ranchi introduced the concept of Small Industries Entrepreneurs' Park and became the first institute in the country not just to provide 'nursery sheds' and central designing and workshop facilities to young entrepreneurs, but also to facilitate the initial project funding. In line of the above view, Small Industries Research and Development Organization (SIRDO) was set up in 1970 as a launching pad for small manufacturing enterprises run by technical graduates of BIT. A few companies born from this concept are Meditron, Alcast etc. This idea was appreciated by Department of Science and Technology, Government of India and spread to other leading institutes of India such as IITs by the Government as a concept of Science and Technological Entrepreneurs Park (STEP). The first STEP was approved and located in BIT Mesra. The Entrepreneurship Development Cell was founded in the year 2007 by students Amit Chaudhary and Ankit Jain with Dr. B.M.Karan as Mentor to foster the spirit of entrepreneurship among students.To add financial strength to this effort, BIT has set up SIDBI Center for Innovation and Incubation (SCII) by an arrangement with Small Industries Development Bank of India (SIDBI) to provide a limited period of time to new entrepreneurs, start up companies, and technology based organizations, to facilitate Research & Development operations in areas of interest with the faculty of the institute.