IIT-IIM join hands to form a syndicate for entrepreneurship

Recently, a syndicate has been formed by the IITs and IIMs titled iVEIN – Innovation, Venturing, Entrepreneurship in India Network for the purpose of boosting the entrepreneurial attitude in youngsters and boost industry engagement. The initiative is supposed to focus on research and information propagation centered on Indian case studies for the students, policymakers, researchers, budding entrepreneurs, and innovators. There is an absence of body engaged in developing knowledge, exploring the experiences, keeping a record of the learnings, finding out the efficacy of interferences and synthesising best practices across organisations.

IIT Madras has spearheaded the consortium together with IIT Bombay, IIM Calcutta, IIM Kozhikode, and IIM Bangalore. The group has been tasked with recognising problems, help in penning down articles and authenticating the knowledge created. It would also bring together faculty members and researchers from diverse branches such as marketing, public finance, technology, innovation, economics, finance, and organisational behaviour.

IITs, IIMs need to focus on innovation: Sonam Wangchuk

According to Sonam Wangchuk, Ramon Magsaysay awardee educator, the attitude towards innovation in educational organisations is currently skewed with a focus on tech-led inventions that do not help to unravel the social and developmental problems dogging the country. He further said that Indian institutes are imitating western classroom models without familiarising them to be socially relevant for Indian society. Though we need drones and robots, we also need solutions to water shortages, food crisis, and pollution in the country.

Wangchuk is the founder of the Students' Educational and Cultural Movement of Ladakh (SECMOL), an alternative schooling system that teaches students through a hands-on approach.

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