New Generation Innovation and Entrepreneurship Development Centre (NewGen IEDC) is the programme launched by National Science and Technology Entrepreneurship Development Board (NSTEDB), Department of Science & Technology (DST), Government of India. NewGen IEDC was established in Kuppam Engineering College in 2017 headed by Dr. G.N. Kodanda Ramaiah, R&D Director & HOD/ECE. DST, NSTEDB, Government of India had sanctioned Rs. 2.87 Crores for five years 2017-2022 for establishment of New Generation Innovation and Entrepreneurship Development Centre, where each student innovative project given seed fund of Rs. 2.5 lakhs.
NewGen IEDC will aim to inculcate the spirit of innovation and entrepreneurship amongst the young S&T students, encourage and support start-up creation through guidance, mentorship and support. The programme will be implemented in academic institutions. Students will be encouraged to take up innovative projects with the possibility of commercialization. KEC NewGen IEDC has a mission to “Promote knowledge-based and technology-driven start-ups by connecting young minds and their innovation potential in an academic environment”. NewGen IEDCs would also spread the message of entrepreneurship and create a culture of entrepreneurship in the Host Institution (HI). Faculty already trained in the nuances of entrepreneurship, the presence of NewGen IEDCs in HI would create a vibrant entrepreneurial culture amongst the students. Few amongst the “Job-Seekers” would be converted to “Job-Generators” through the entrepreneurial route.