Sreenidhi Hub is established as the Incubation and Entrepreneurship Development center at Sreenidhi Institute of Science and Technology to nurture the creative spirit and enhance the leadership qualities of our students. The Sreenidhi’s SNIST-Hub has been recognized as the Host Institute facility under the Development Commissioner – New Delhi Scheme to Support Entrepreneurship and Managerial Development of SMEs through Incubators. Under this scheme each approved student innovative idea is set to receive 6.25L of funding from the Directorate Commissioner – MSME for the startup. The area dedicated to Sreenidhi-Hub is around 5000 Sq.ft which comprises of 10 cubicles as office space for business 41incubates, Tinkering/Sandbox lab Space, Technology Room, Director and Manager meeting room and training rooms for students. Advisory committee is formed comprising of eminent engineers from industry, scientists from research lab, senior manager of bank , Dean and Director from the host institute. The advisory committee is approved by Board of Governors of the institute.
With the above initiatives Sreenidhi-Hub is paying path to create successful entrepreneur with adequate support at the early stage of businesses to create immense value, and who provide constant access to high quality mentoring, vast networks and inputs on strategy as well as execution to our students.
Institution Innovation Council Composition
|01||Dr. Ameet Chavan||Professor, Dean R&D (ECE)||President|
|02||Sri.Mr. K. Harinadh||Assistant Professor (MBA)||Convener|
|03||Dr. Y. Srinivsulu||Assistant Professor (ECE)||Member|
|04||Mr. M. Abhir Naik||3rd Year B.Tech (ECE)||IICs Co ordinator|
|05||Dr. Vijaya Kumari||Director JHUB, JNTUH Incubation Center||Member|
|06||Sri. IUVBN. Srinivasa Rao||Chief Manager, Andhra Bank||Member|
|07||Sri. Narender Reddy||MD Nucleonix Systems||Member|
|08||Sri. Sampath||MD, TeeWave Technologies Ltd||Member|
About MSME-THON 2019
In recent years, hackathons have emerged as a method for organizations and corporations to tap into volunteer entrepreneurial efforts of hackathon attendees, or hackers, for new ideas, technology platforms, or products.
At MSME-THON, about 200+ student innovators from 20 reputed engineering colleges from Hyderabad are matched up into small groups and given space and resources to generate new ideas, software, hardware or product plans over the course of 1-2 days of hacking. MSMEs that provided the problem statement in hackathon are opening themselves to outside innovation by inviting students to work on solving a problem or generate ideas on behalf of their organization.
While traditional methods for managing innovation focus on improving the mean, competitions maximize the variance. Although on average normal participants tend to perform worse than the industry experts, competitors introduce much more variance, creating “outside the box” solutions that outperform the average industry
Attendees receive experience from attending the hackathon and the company is able to take ideas and projects generated from the hackathon to use for future projects and ventures. This method of generating innovation in a corporation by reaching outside to the public through open-source hacking can be seen as a form of corporate entrepreneurship through “emergence of new ideas from various levels in the organization” taken even one-step farther by reaching outside the organization.