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Entrepreneurship Development and Incubation Cell

EDIC is the epicenter of Entrepreneurship at CHARUSAT.

" CHARUSAT strives to shape the students as 'Job Creators' and not 'Job Seekers' !"

Welcome to EDIC

We are univercity based startup incubation cell at CHARUSAT.

Startup in India

India has the 2nd largest ecosystem of start-ups with over 20,000 start-ups and a year on year growth of 10-12%. There were 1,400 start-ups born in 2016 alone, implying that there are 3-4 start-ups born every day. Most of the start-up clusters are present in Bengaluru, the National Capital Region, and Mumbai.
It is now getting increasingly clear that India’s start-up ecosystem has become vibrant and mainstream in many ways – in terms of job creation, in terms of solving consumer problems, and creating products for the rest of the world.

Some of the major factors that make India appealing as a start-up nation are:

  1. Cost of doing business
  2. Size of the domestic market
  3. Skilled human capital
Apart from such factors, another reason is the widespread use of internet as India is the second largest consumer internet market in the world with over 500 million internet users.

Need of Incubation

The increasing ease of doing business is also bringing in investors in some much-needed but neglected areas.
A business incubator is a company that helps new and startup companies to develop by providing services such as management training or office space. The National Business Incubation Association (NBIA) defines business incubators as a catalyst tool for either regional or national economic development.
Incubators and accelerators play an important role in the growth of start-ups. Incubators are responsible for mentoring the start-ups, providing ideation and technical support, providing access to resources which would have been too expensive if purchased individually, providing access to networking events and support for fund raising.

Incubators helps you to...

  • Plan your Business: Turn your great idea into a great business plan
  • Launch your Business: Turn your business plan into a reality (register, file, and start doing business)
  • Manage your Business: Master day-to-day operations and prepare for success
  • Grow your Business: Find new funding, locations, and customers when business is good and it's time to expand

Types of Incubators

NBIA (National Business Incubation Association) categorizes incubators by the following five incubator types :
  • Academic Institutions
  • Non-profit development corporations
  • For-profit property development ventures
  • Venture capital firms
  • Combination of the above