ENNOVAB, the Entrepreneurial Innovation Lab, aims to foster the innovative and entrepreneurial thinking in the young minds of student entrepreneurs. Initiated by the Alumni of Sutardja Center for Entrepreneurship & Technology, University of California Berkeley, ENNOVAB is a completely student-run lab which brings the entrepreneurial layer to this budding ecosystem of SRM University AP, as well as to Amaravati as a whole.
The four co-founders Pushya Mitra K, Vatsal Rathod, Tuhin Sarkar and Aayusi Biswas. have the vision of inculcating the working culture and ethics of the Silicon Valley here in India.
The lab as we see today was never the same. The ideation was formed and developed way back when the four leads were pursuing their semester abroad program at the University of California, Berkeley. The lack of proper student-run entrepreneurial labs, which give the startup edge to the many monetarily viable projects led and run by amazing student entrepreneurs around the country, was the prime motivation behind setting up such an institution. Preliminary discussions with the honorary delegates of the Sutardja Center for Entrepreneurship and Technology, gave the direction and vision of the lab and also opened ways of internal innovation to achieve the mission of this initiative. Coming back to SRM University, AP - Amaravati, with the help of the esteemed management, the first ever autonomous and completely student-run entrepreneurial lab was founded and was christened the name ENNOVAB: Entrepreneurial Innovation Lab. Since then, a select number of teams of young minds have started their entrepreneurial journey in realizing their own startups in the realm of modern-day technologies such as Artificial Intelligence, Internet of Things and Extended Reality.
WORKING & ACTIVITIES
In order to create an active startup ecosystem, the lab focuses to adopt the working style of the Silicon valley. We function in a very channelized manner. The journey of an aspiring team of entrepreneurs begins by entering the lab with a desire to change the world for the betterment of the society. We guide the Startup founders through the steps of Ideation, Validation , Market Research, Business Model Construction and then Venture Capitalist Presentations. Frequent case studies and discussion sessions on aforementioned topics constitute a major part of our meetups.
To give the students a taste of the networking community, we set up occasional Pitch Days and Founders Speed dating events. Our events are often dotted with speakers from the startup community. The goal of the lab is to start with a blank slate, solve a problem, validate the unmet need, create a viable and scalable business model and then pitch to investors.
We aim at creating a start-up ecosystem in Amaravati which will inspire the technically talented students to come up with ideas that will change the world we live in. India is the fastest growing economy we aspire the young minds here at SRM to use it to their advantage and think big. We want to kickstart companies which will compete at the world stage. Most of the students in India live under the illusion that getting a job in a company is the ultimate goal of their life, but here at Ennovab we want to change this, we want to inspire students to feel they are capable of bringing a change in the society. We want to start a revolution which will unlock the true potential of every student.
For more details of our events and sessions, kindly refer to our social media handles (mentioned below).