Overview
Bussiness Incubation Centre, of Malla Reddy Engineering College (Autonomous) was established in 2015. The main objective of BIC is to promote entrepreneurship activities and hone the creative talent of the students at the college itself.
MREC-BIC will encourage students with a special and entrepreneurial bent of mind. Students could come up with various innovative and creative ideas and can utilize their talent for starting their new ventures. The hub will serve as a platform for budding entrepreneurs so that they can gain awareness and exposure tobusiness incubation programs. MREC-BIC also helps different entrepreneurs to turn their ideas into viable businesses.
Through MREC-BIC, students will conduct and attend different seminars, workshops and discussions. Students could be motivated to establish successful companies by nurturing, developing and refining different innovative ideas. The goal of MREC-Hub is to promote and support the technology-based entrepreneurship spirit among the graduated and graduating students of MREC(A).
MREC-BIC is associated with T-Hub, IIIT-H Campus, Gachibowli, Hyderabad, Telangana and conducted various motivating programs for students towards turning them into budding Entrepreneurs. Our Institution was selected as Industry-Academia Collaboration in Skill Development with BOSCH.
MREC-BIC is registered with MSME Udyam, Govt. of India on 12th July 2021 (Regd No. UDYAM-TS-20-0016996)and is recognized as Host Institute (HI) for implementation of the Incubation component under the Micro, Small & Medium enterprise (MSME) innovation scheme (MSME Champion scheme) has been approved on 08-03-2022.
Vision
To Become a highly competent Incubator facilitating new age entrepreneurs and young minds to transform their innovative ideas into viable business propositions.
Mission
BIC is to nurture and empower the next generation entrepreneurs to serve the local problems. The students, alumni of and faculty can come up with their ideas which might lead to the startup.
Collaborate with world class technical and commercialization experts and bring them on one platform through, awareness, trainings, coaching and mentoring programs.
To promote new technology/knowledge/innovation based startups.
Objectives
To encourage students and faculty for innovation, idea generation and product development.
To arrange workshops for students and faculty in the field of entrepreneurship.
To generate patentable ideas every year from the students andfaculty members.
To provide a platform for speedy commercialization of technologies developed by the host institution or by any academic/technical/R&D institution.
To facilitate the students to get paid internship through the companies which are under incubation