Center For Innovation & Entrepreneurship

Overview

SASI Institute for Engineering and Technology, Centre for Innovation and Entrepreneurship (SASI CIE) is established for fostering Innovation, promoting Entrepreneurship, and providing a supportive ecosystem for startups. Rooted in a commitment to converting innovative technologies into successful commercial ventures, we provide a robust platform for aspiring entrepreneurs in the dynamic landscape of contemporary business world for growth, knowledge-sharing, and the creation of a vibrant entrepreneurial community within the SASI CIE ecosystem.

Vision Statement

To emerge as the preeminent centre of excellence for Innovation and Entrepreneurship in Andhra Pradesh by 2028 and be among the top 10 establishments nationally.”

Mission Statement:

To provide a nurturing culture of creativity, resilience, and continuous learning.
To create a vibrant hub where innovation thrives propelling the institute to the forefront of the entrepreneurial landscape through strategic collaboration, mentorship, and access to resources.
Empower individuals and enterprises to realize their full potential, driving economic prosperity and societal impact.

Objectives

SASI Centre for Innovation and Entrepreneurship (CIE) serves as a dynamic hub dedicated to fostering creativity, problem-solving, and entrepreneurial thinking among students, faculty, and staff. CIE objectives are,

Cultivate Innovation
Encourage Ideation
Facilitate Entrepreneurial Development
Provide Mentorship
Drive Economic Growth
Create Jobs, Wealth, and Business Aligning with National Priorities
Promote New Technology/Knowledge/Innovation-Based Startups
Provide a Platform for Speedy Commercialization of Technologies
Build a Vibrant Startup Ecosystem
Provide Cost-Effective, Value-Added Services

Activities

Promotes Creativity: Encourages and facilitates creative thinking among students and faculty through workshops, brainstorming sessions, and innovation challenges.
Supports Entrepreneurship: Provides resources, mentorship, and networking opportunities to aspiring entrepreneurs within the institution, guiding them through the process of ideation, prototyping, and launching ventures.
Facilitates Collaboration: Creates platforms for interdisciplinary collaboration, bringing together individuals from various departments and backgrounds to collaborate on innovative projects and initiatives.
Offers Training and Workshops: Organizes training sessions, seminars, and workshops on topics such as design thinking, lean startup methodologies, and emerging technologies to equip participants with the skills and knowledge necessary for innovation and entrepreneurship.
Incubates Startups: Provides incubation support to promising startups founded by students, faculty, or alumni, offering access to workspace, funding opportunities, mentorship, and networking resources to help them grow and succeed.
Fosters Industry Partnerships: Establishes partnerships with industry leaders, startups, and innovation ecosystems to facilitate technology transfer, collaborative research, and internship opportunities for students.
Promotes Innovation Culture: Cultivates a culture of innovation and risk-taking within the institution by celebrating and recognizing achievements, fostering a supportive environment for experimentation, and promoting a mindset of continuous improvement.
Drives Research and Development: Encourages faculty and students to pursue research and development projects that address real-world challenges and opportunities, supporting them in securing funding, patents, and commercialization pathways for their innovations.
Engages with the Community: Collaborates with the local community, government agencies, and non-profit organizations to address societal needs, stimulate economic development, and promote social innovation through collaborative projects and initiatives.
Measures Impact: Tracks and evaluates the impact of its programs and initiatives on fostering innovation, entrepreneurship, and economic growth within the institution and the broader community, using metrics such as startup success rate, patents filed, and jobs created.

Incubation

Centre for Innovation and Entrepreneurship (CIE) provides a platform for potential startups into accelerating their products. We provide support and facilities for startups at various stages to grow and reach full potential.
- MSME Business Incubator Funded by MSME, Govt of India, which aims to promote and inculcate spirit of Entrepreneurship.
- NewGEN IEDC funded by DTS Govt of India, promotes and facilitates the development of ideas into innovative tangible products.
- SASI Incubation Centre is self-funded and dedicated to fostering a culture of innovation and entrepreneurship. Our goal is to provide comprehensive support for every stage of innovation, from ideation to commercialization, across products, services, and processes. We help with developing prototypes, gaining early traction in the market, and facilitating commercialization efforts.

Facilities

Furnished A/C office space/open co-working space.
Meeting and conference rooms
Video Conferencing
Auditorium/conference halls for large events
Computers up to two and extra on rental basis.
High Speed Internet service
Access to Host institute Laboratory and Research Facilities
Access to networking Zones
Prototyping and Testing facilities
IPR support services
Scanner and Printer
Phone Connection
Security
Water
Plug and play.
Access to Green spaces and Recreation areas.

Services

Technical support by Experts
Startup India MAARG mentors support
Marketing and market analysis Assistance
Comprehensive Business development Assistance
Funding support / access to network of investors, funding institutions etc
Information on various funding sources/programs available
Financial, Accounting, legal and Compliance Assistance
Startup India Recognition DPIIT assistance
Access to various Startup India, Government and Non-government programs
Information on events, hackathons, ideathons etc all-round the year
Access to networking events and Investor events
Access to training, mentoring and workshops.

Funding

Centre for Innovation and Entrepreneurship (CIE) understand that turning ideas into successful businesses requires more than just creativity—it also requires robust financial support. That’s why we offer a range of funding facilities to nurture and empower aspiring entrepreneurs and startups. Our funding options include seed funding for early-stage ventures, mentorship-backed grants to fuel growth, and access to venture capital networks for scalable enterprises. We also aid in navigating grant programs and connecting with angel investors and strategic partners. At our Incubation Centre, we believe in providing not just physical space but also the financial resources needed for your ideas to thrive and make a meaningful impact in the market.

We have successfully received funding support from MSME and NewGEN IEDC to support incubation and help turn innovative ideas into tangible products that have made significant impact in the market by way of patents and commercialization.