Technology

IIMs, IITs Form Consortium To Promote Entrepreneurship

Bengaluru: The IIMs and IITs have shaped a consortium to advertise entrepreneurship ecosystem by way of analysis and collaboration round innovation, the enterprise college stated on Tuesday.

“IIMs in Bengaluru, Kolkata and Kozhikode and IITs in Bombay and Madras have formed the Innovation-Venturing and Entrepreneurship in India Network (iVEIN) to leverage their strengths and work with incubators, investors and the government for disseminating knowledge,” the institute stated in a press release.

Noting that innovation, venturing and entrepreneurship have been getting consideration from policymakers, IIT-Madras administration research professor Thillai Rajan stated the three areas would play a key position within the nation’s financial progress.

“The iVEIN network will facilitate research in the field among the academic fraternity and create avenues for disseminating knowledge through conferences and journal publications,” stated Rajan.

The community may also create a strategic bridge between stakeholders, strengthen the ecosystem and synthesise the data that’s in silos amongst completely different teams.

“As academic incubators play a critical role, iVEIN will help create a platform for them to share best practices and take lead in promoting activities like research that are neglected by the private ecosystem,” stated IIM-Bangalore professor Venkatesh Panchapagesan on the event.

The community may also doc Indian experiences in entrepreneurship and innovation and create a data-based data for all stakeholders.

“The initiative will give a fillip to entrepreneurship in the country by aiding policy formulation, implementing innovation and helping managerial practice,” stated the assertion.

(IANS)

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