Odisha-based university empowers entrepreneurs with ‘in-house’ industrial approach

livemint.com:

entrepreneurship. Students simultaneously get exposure to real-world challenges and theoretical knowledge which enable them to either become ‘job ready’ or ‘job creators’. In Odisha, the Centurion University of Technology and Management claimed to be an “entrepreneurial university" and a “hub of industries" where students manage over 30 in-house production units across various sectors like technology, engineering, agriculture, aerospace, recycling, pharmacy, and more.

The Government of India, aligning with the National Education Policy 2020, launched various schemes including Pradhan Mantri Kaushal Vikas Yojana, Skill Loan Scheme, Polytechnic Institute, and more under the Skill India Mission to boost skill-based education. Dr. Prof Mukti Kanta Mishra, President of CUTM believes that entrepreneurship is closely associated with two terms – enterprise and entrepreneur.

“Centurion University is an entrepreneurial space where teaching and learning happen through real-life external labs based on the market trends," he told LiveMint. “Instead of being just a job consumer, you need to create job opportunities for others. One should know that an entrepreneur is a person, enterprise is the product and entrepreneurship is the process.

You need to understand this concept of the 3 Ps to be an entrepreneur. This is our way of delivering education at CUTM," he said. Besides skill-based education, the university offers indirect financial support to aspiring entrepreneurs by presenting itself as a “guarantee" to banking institutions, the CUTM President said.

“We provide them free of cost electricity and tools here. I also negotiate with the banks for loans if anybody wants to be an entrepreneur here. I am not an official guarantor, but