Self Study Report for 2nd Cycle of Accreditation

Self Study Report for 2nd Cycle of Accreditation

10 Reasons Why Engineers Can Be Successful Entrepreneurs

When we think about entrepreneurs, we usually think about MBA and BBA graduates, but the fact is, that several things can make engineering graduates outstanding entrepreneurs. The engineering field is not only limited to the IT sectors; nowadays, engineering graduates are also coming up with new ideas to run their own companies. If you are wondering what the extra advantages that make engineers better entrepreneurs are, here we will discuss some. Before moving further, let’s learn about some Indian engineers who have made their identities as successful entrepreneurs.

 

Famous engineers who are successful entrepreneurs in India!

  1. Sachin Bansal & Binny Bansal | Co-Founders, Flipkart

Flipkart is one of the biggest e-commerce platforms in India that Sachin and Binny Bansal established. Both of them graduated in computer engineering from IIT Delhi.

 

  1. Vijay Shekhar Sharma | Founder, Paytm

Paytm is one of the most famous UPI platforms in India that is trusted by billions. This amazing application was developed by Vijay Shekhar Sharma, who completed his graduation from Delhi College of engineering, and now he is one of the most successful entrepreneurs in India.

 

  1. Bhavish Aggarwal & Ankit Bhati | Co-Founders, Ola Cabs

Ola Cabs have simplified the process of booking a cab, and Bhavish Agarwal and Ankit Bhati developed this idea. Bhavish pursued his BTech degree in computer science from IIT Bombay, and Ankit completed his B.Tech in mechanical engineering and his M-Tech in CAD and automation from IIT Bombay.

 

  1. Deepinder Goyal & Pankaj Chaddah | Co-Founders, Zomato

This is undoubtedly a platform that everyone knows about. This platform was developed by Deepinder Goyal and Pankaj Chadda. Deepinder completed his integrated masters in mathematics and computing from IIT Delhi, and Pankaj also completed his studies at IIT Delhi.

 

Only a few of the entrepreneurs belong to engineering platforms, and if we look at the international level, we have examples like Bill gates and Elon Musk. Have you ever imagined why engineers are making the best entrepreneurs across the globe? It is something more than bouncing ideas. During the 4 years of engineering, they develop some amazing skills that will help them to make a business work in the future. Let’s look at the 10 reasons engineers can make great entrepreneurs.

  1. Engineers are great innovators

The first reason is the ability to bounce unique ideas that can be helpful to people. They can develop some logical and innovative ideas that make them great entrepreneurs.

 

  1. Engineers can grab the opportunities

Engineers can find out the opportunities and also have the ability to use them. Because of their practice of studying in a competitive environment, they know how to use the opportunities to succeed. This quality is needed in entrepreneurs.

 

  1. Engineers never give up easily

Engineers have the mindset to keep going without losing hope. Even if they face failure, they come up with new tactics in no time. This emotional strength is very much needed to run a business.

 

  1. Engineers know how to plan

They are experienced in working on several projects, and that’s why they know how to plan things properly. They also know how to stick to a plan besides having backup ideas.

 

  1. Engineers know how to work with a team

During their student life, they mostly work on projects as groups, which is how they can work in a team. To become a successful entrepreneur, one needs to know how to keep the team together and also, the person should know how to work with the team

 

  1. Engineers are trustworthy

Engineers who are experienced in working with their team members know how much trust matters. They are amazing team players as they know how to trust their team members and be truthful. They are usually excellent at building relationships with the customers or the clients, which is a necessary quality of an entrepreneur.

 

  1. Engineers can make practical decisions.

They are usually rational and can look at things from a practical point of view. It helps them to remain calm and think rationally in any critical situation. It is essential to calculate the feasibility in every single step to properly set up a business; in that case, rational thinking is highly needed. While setting up a business, it is crucial to think rationally more than emotionally.

 

  1. Engineers want to grow their knowledge

Knowledge is important in every field, and if you have enough knowledge, you can develop new strategies to reach your goals. They are always up to learn new things. That’s why they become successful entrepreneurs.

  1. Engineers have great problem-solving skills

They come with excellent problem-solving skills, and during their 4 years of engineering, they develop some crucial skills that are very much needed to start and run a business successfully. This is another reason why engineers can make great entrepreneurs.

 

  1. Engineers have a good technical knowledge 

In the era of technology, every field needs enough technical support, and this is where engineers have the privilege. Engineers have a good hand in the technical field. That’s why they know how to solve the technical issues of their businesses and how to make the business a success.

 

Ending words

Entrepreneurship is all about skills, and if we talk about engineering students, we can see that during the 4 years of engineering, they develop several crucial skills that can make them amazing entrepreneurs. You can also consider this career option if you are an aspiring engineer. CUTM is one of the top engineering colleges in Bhubaneswar that can offer you in-depth knowledge about this field so that you can build yourself in the future.

Operation Team

# Name Designation Contact No. Email
1 Partha Sarathi Mohanty National Head- Skill Assessment & Certification Cell 9937033338 [email protected]
2 Rajib Lochan Patnaik Business Development Manager 9040378947,7008639558 [email protected]
3 Pritam Mahapatra Project Coordinator 9861119176,7008623512 [email protected]
4 Deepak Kumar Sethy Lead Coordinator 6370708556 [email protected]
5 Nandini Mohanty Lead Coordinator 7978929459 [email protected]
6 Aditya Nayak Lead Coordinator 8984144123 [email protected]
7 Sidharth Sankar Sahoo Coordinator 7653883310 [email protected]
8 Subrat Sahu Accountant 9861329308 [email protected]
9 Akhilesh Kumar IT Head 7000299208 [email protected]

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Home – Existing entrepreneurship and existing GAP

“The structure of our thinking is determined in our youth by the ideas which we meet at that time or by getting into contact with strong personalities from whom we learn” – Warner Heisenberg

 

The aforementioned is as valid for a thought as is for a business as all businesses have their roots in a mere plan. Some of the best ideas and products do not see the light of the day because their makers are apt to develop them but inept at promoting them. Companies often do not fall apart because they do not offer a service that is much needed but they are unable to reach their desired audience.

 

This a GAP that is most felt by any innovator or entrepreneur during the early days of development and this is the widest GAP that exist in the market. Making the entrepreneurs meet the right investor for seed fund, doing market research on right lines, developing product on user’s need based and finally reaching the paying customers, all the activities require mentorship. Even more than money, its the right direction that decides the fate of an entrepreneur/innovator/inventor/businesses

Prof. Anita Patra

Prof. Anita Patra comes with over 20 years of experience in academia. She has a proven track record of administration in holding various positions like Dean Faculty Development, PGP Coordinator, School of Management, Dean School of Engineering and Technology in Centurion University of Technology and Management (CUTM). She has a keen interest in women entrepreneurship and rural entrepreneurship. Prof. Anita has various academic degrees to her credit i.e. Ph.D. in Management from Berhampur University, Odisha, MBA with a specialization in Finance from Berhampur University, Odisha. Currently she is serving as a Professor in the School of Management and also Registrar of Centurion University of Technology and Management (CUTM), Odisha.

Prof. Supriya Pattanayak

Supriya Pattanayak comes with over 25 years of experience in the development sector and academia. She has earned a reputation of being a highly competent professional working with Bilateral, Multilateral, Government and non-government organisations. She has demonstrated excellent relationship management skills with multiple stakeholders for policy advocacy and good program management skills. She has specifically provided advisory support in all programs on social development and governance aspects. She has maintained oversight of all DFID programs in the State of Odisha over the past 15 years. She has taken on increasingly challenging roles in planning, implementing, monitoring and evaluating large programs with a focus on results.

In addition to this, Supriya maintains her interest in academics, being involved in teaching/ training/ supervision, research and conducting study tours across several continents. Presently Supriya holds the position of an Adjunct Professor at the RMIT University, Melbourne, Australia and is a Research Fellow at the St Petersburg State University, Russia. She has a number of publications to her credit.

Prof. D.N.Rao

D. Narsimha Rao has come to Orissa in the year 1989 from IIM Kolkatta campus to work in the drought prone district of Kalahandi. As a student he visited the district to understand the dynamics of drought. Kalahandi hit the national headlines during that time due to the child selling episodes by the drought stricken. He has joined there as a Young Professional, a scheme started by the Rajiv Gandhi government to attract young professionals to work in the development sector.

Since then, he has worked in length and breadth of Orissa with the government, NGOs like Gram Vikas and institutions like XIM Bhubaneswar. He has left XIMB in 2005, to co-found the Centurion Group of Institutes, which have their base in the naxal infested South Orissa region

  • Prof Narasimha Rao has worked across the core sector in areas of rural development and upliftment. He has been a social advisor on “Project Water” funded by the Indo – Canadian Water Facility.
  • He has also been the social advisor for the study on establishing baseline for the measurement of socio-economic impact of the power sector reforms in Orissa.
  • He has been the Project Leader for the project on Mapping Food insecurity areas and identifying families at risk of starvation. (The project was funded by Hunger Foundation and the client was OSDMA, Government of Orissa).
  • Prof Rao has been the local team leader for the Institutional Analysis and Design study for the “Western Orissa Rural Livelihoods Project” funded by DFID. During the span of 4 years from 1989-1993, he has managed many development projects aimed at improving the incomes of tribals and other poor people in some of the most backward districts of Orissa.
  • Prof. Rao has extensive experience in monitoring and evaluation of development sector projects. He was the head of CENDERET, XIMB for 3 years. CENDERET was a resource support institution which at one time used to channelise development funds from 8 international NGOs for projects in Orissa.
  • Prof. Rao has done consultancy/ worked for the DFID, USAID, World Bank, BfW, CORDAID, ICEF and many other donor funded projects. He has also consulted for many energy services companies such as BSES, Reliance Energy, APTransco, KPTCL and NPCL.
  • He has also provided his expertise for mining companies like BHP, Australia, Continental Resources, CANADA.
  • Prof. Rao has played a major role in coordinating the relief and rehabilitation support after the Super Cyclone in Orissa.
  • He was one of the lead advisors for the micro-privatisation initiative in the power sector in Orissa (partly funded by DFID and partly by BSES), Karnataka, Andhra Pradesh and NOIDA. The DFID funded initiative was in the poverty stricken areas of the KBK region. It introduces and works on the concept of community participation in public service delivery mechanism, emanating from the 73rd / 74th Constitution Amendments which was empowering Village Panchayats.
  • Prof. Rao has worked extensively in the areas of access to energy, water and energy nexus, energy efficiency measures, DSM and other demand side issues in rural power supply. He has experience of promoting non grid solutions especially using solar power.
  • Prof Rao was well versed in the local language (Telegu, Oriya) which was an important aspect when dealing with Village Panchayats at the local level.
  • In his present position, he was a co-promoter of the Centurion Group of Institutes which has promoted a host of management and technical institutions in Orissa.