Vice-Chairman of Narasaraopeta Engineering College (NEC) Sri M.S.Chakravarthi has signed a Memorandum of Understanding (MOU ) with TiE GRAD Core Committee, Subba Raju Perichela, Founder Cross Borders & Director KLCP Holdings, Business Coach Raghu Babu Gunturu Co-Founder & Partner, R.A Associates & Mentor, Samisti Legal and Sri Charan Lakka Raju Founder.
The objective of this MOU is to foster and nurture entrepreneurship among college students. The students will get the best opportunity to solve real-world use cases through a world-class platform. The aim is to extend this opportunity to more students by having meaningful institutional partnerships.
Principal, NEC, Dr.M.Sreenivasa Kumar addressed the students and created awareness on entrepreneurship among the students. Dr.K.Ponnari Lakshmi, Dean of Student Affairs and the Director of ED Cell of NEC spoke about the incubation centre in the college and the previous start-ups.
During the Afternoon Session Sri Charan Lakka Raju conducted a workshop on Business Model Canvas (BMC). The business model canvas is a great tool to help students understand a business model in a straightforward, structured way. Using this canvas will lead to insights about the customers they serve, what value propositions are offered through what channels, and how their company makes money. They can also use the business model canvas to understand their business model or that of a competitor.
The Heads of the departments and ED Cell Coordinators participated in the programme.
About StuMagz TiE GRAD
StuMagz TiE GRAD is a global award-winning student entrepreneurship program, TiE Grad empowers students to understand the concepts of entrepreneurship and help them convert their innovative ideas to feasible business models. It also supports colleges to build/scale a world-class Entrepreneurship Development Zones within their campuses through a structured programme. Through this program each college benefits from mentoring by a business coach and an idea coach, who are practising entrepreneurs, for constant guidance and support to develop an entrepreneurial mindset in aspiring students.