Innovation and Entrepreneurship Development Centre was established in Sardar Patel Institute of Technology, Andheri(w) in 2010. IEDC-S.P.I.T is funded by Department of Science and Technology, New Delhi for five years with total grant of Rs 44 Lakhs.
Through this students learn the value of product, costing of the product, marketing strategy, funding and the process of registration of company. Every year five students projects are funded by DST and five additional projects are supported by the Institute.
Mission – “Develop Institutional mechanism to create Entrepreneurial culture in academic Institutions to foster growth of innovation and entrepreneurship amongst the faculty and students”
The goal of IEDC is to bring out the software/hardware product which has market value, prepare Business plan and to form a company.