Technology Innovation and Entrepreneurship Center (TIEC)
TIEC – Technology Innovation and Entrepreneurship Center is an initiative of Shri Guru Gobind Singhji Institute of Technology, Nanded for identifying entrepreneurial traits in the students and building their capacity for entrepreneurship and encouraging technology start-up on the campus. TIEC administers business incubator that provides support to Technology based entrepreneurs. Thus, the TIEC is an extension to the research carried out on the campus, that enables its monetizing either in form of technology or technology converted into product, which makes it relevant to Industry and societal needs.
Small cities like Nanded lack local employment opportunities as they are industrially underdeveloped. As a result, almost 99 % of the employable graduates migrate to the Tier I cities in search of job opportunities. It further declines the chances of creating Industries and result is further loss of competitiveness. It is a vicious circle, by which these areas remains underdeveloped.
At the same time metros are burdened with the ever increasing population affecting the quality of life of people working in those cities. Industry is concerned with the cost of setting up and running business and employees are tired of higher cost of living and time to commute. The small town business model that TIEC promotes offers a win-win situation for both industry and employees.