Question

Identify the false statements regarding the objectives and functionalities of Innovation and Entrepreneurship Development Centres (IEDC).

1. IEDCs aim to provide students with access to cutting-edge technology and world-class infrastructure.
2. One of the core functions of IEDCs is to offer high-quality mentorship to budding entrepreneurs.
3. IEDCs primarily focus on providing established businesses with venture capital, not students.
4. These centres are intended to give students global exposure and early risk capital.

• A. None of these
• B. All
• C. 1 only
• D. 3 only

Answer 1

Answer:

D. 3 only

• The Innovation and Entrepreneurship Development Centres (IEDC) program, facilitated by the Kerala Startup Mission, is specifically designed to support students in their entrepreneurial journeys.

• It offers a comprehensive package of resources aimed at nurturing innovation.

• This includes access to advanced technological tools and modern infrastructure, expert guidance through high-quality mentorship programs, and crucial early-stage financial support known as early risk capital.

• Furthermore, IEDCs strive to provide students with valuable global exposure through various networking and collaboration opportunities.

• The program's intent is to cultivate an environment where students can experiment, innovate, and potentially launch successful ventures, thereby contributing to the state's startup ecosystem.

• It is important to note that the 'early risk capital' provided is for student-led, often experimental, projects, distinguishing it from the typical venture capital funding sought by established businesses.