Innovation & Entrepreneurship Development Center (IEDC) was established in Sreepathy Institute of Management And Technology (SIMAT) in 2015. Formerly the club was formed under National Service Scheme (NSS) with an objective to develop an entrepreneurial culture among NSS students. In 2015 it became a seperate center with a financial support from Kerala Start Up Mission (KSUM). The club was also recognized and supported by Directorate of Industry and Commerce, Government of Kerala(DIC, Palakkad).