About IIC 5.0:

Institution Innovation Council (IIC) an Initiative of MHRD for selected Higher Education Institutes. of Human Resource Development (MHRD), Govt. of India has established 'MHRD's Innovation Cell (MIC)' to systematically foster the culture of Innovation amongst all Higher Education Institutions (HEIs).

Institution Innovation Council (IIC) an Initiative of MHRD for selected Higher Education Institutes:

Ministry of Human Resource Development (MHRD), Govt. of India has established ‘MHRD’s Innovation Cell (MIC)’ to systematically foster the culture of Innovation amongst all Higher Education Institutions (HEIs). The primary mandate of MIC is to encourage, inspire and nurture young students by supporting them to work with new ideas and transform them into prototypes while they are in formative years.

MIC has envisioned encouraging creation of ‘Institution’s Innovation Council (IICs) across selected HEIs. A network of IICs is established to promote innovation and entrepreneurship in the Institution through multitudinous modes leading to an innovation promotion ecosystem in the campuses.  MIC has established Institution's Innovation Council in more than 2700 Instiutions till December 2021.

 Major Focus of IIC:

• To create a vibrant local innovation ecosystem
• Start-up/entrepreneurship supporting Mechanism in HEIs
• Prepare institute for Atal Ranking of Institutions on Innovation Achievements Framework (ARIIA)
• Establish Function Ecosystem for Scouting Ideas and Pre-incubation of Ideas
• Develop better Cognitive Ability amongst Technology Students

Functions of Institution’s Innovation Council:

• Promote innovation in the Institution through multitudinous modes leading to an innovation promotion eco-system in the campus.
• To conduct various innovation and entrepreneurship-related activities prescribed by Central MIC in time bounded fashion.
• Identify and reward innovations and share success stories.
• Organize periodic workshops/ seminars/ interactions with entrepreneurs, investors, professionals and create a mentor pool for student innovators.
• Network with peers and national entrepreneurship development organizations.
• Create an Institution’s Innovation portal to highlight innovative projects carried out by institution’s faculty and students.
• Organize Hackathons, idea competition, mini-challenges etc., with the involvement of industry.

Benefits to Institute, Faculty and Students:

• No major capital investment required for establishing IIC as it will make use of existing local ecosystem.
• Students/Faculty associated with IIC will get exclusive opportunity to participate in various Innovation related initiatives and competitions organized by MHRD.
• Win exciting Prizes/Certificates every month.
• Meet/Interact with renowned Business Leaders and top-notch academicians.
• Opportunity to nurture and prototype new ideas.
• Mentoring by Industry Professionals.
• Experimentation with new/latest technologies
• Visit new places and learn a new culture.

 Institution’s Innovation Council 5.0 is started in SVMIT college for the academic year 2022-23. Various roles and responsibilities are assigned to faculty members and students of the SVMIT college. In quarter 1, two IIC meetings are conducted among the director sir, principal sir, all faculty and student coordinators of the SVMIT college as per following schedule.