PiMSR has established an Institute Innovation Council (IIC) to foster the entrepreneurial mindset among the student and faculty fraternity. The primary function of IIC is to help motivate young students fulfil their entrepreneurial instincts. Since its inception the IIC has been successful in developing young entrepreneurs through its various initiatives, The IIC achieves its objectives by organizing business plan competitions and ideation workshops from time to time. The IIC also organizes seminars and guest sessions by well-known entrepreneurs and faculty who guide and mentor students in their entrepreneurial journeys. PiMSR has also signed MoUs with organizations like Asian Institute of Family Managed Business (AIFMB) and International Women’s Federation for Commerce and Industry (IWFCI) to collaborate on activities pertaining to entrepreneurship.
PiMSR is one of the few Management Institutes in India to adopt the National Innovation and Startup Policy (NISP) as per the guidelines of ‘MoE’s Innovation Cell (MIC)’ to create a vibrant local innovation ecosystem, The policy document is formulated and students and faculty are encouraged to avail the opportunities provided by the Institute.
The Institute Innovation Council (IIC) at institute envisioned an instrumental role to drive innovation and startup ecosystem at campus while connecting with ecosystem enablers at the regional and national levels. For this, the role of faculty being a member of IIC is very important. They play the role of a mentor or guide for young minds in their pursuit of innovation and entrepreneurship and It is equally crucial for mentors to have the adequate and right set of mentoring skills. Six faculty members from PiMSR are trained as Innovation Ambassadors.
Mahatma Education Society’s Pillai Centre of Innovation and Entrepreneurship is set up to encourage and inculcate the entrepreneurial spirit among the youth. It is a platform for networking, building entrepreneurship skills and providing access to high quality technical and managerial expertise. It is a forum to assist in developing entrepreneurs and support innovative ideas from ideation to fruition.