IIMs, IITs form consortium to promote entrepreneurship through research

Topics IIM | IITs | entrepreneurs

The IIMs and IITs have formed a consortium to promote entrepreneurship ecosystem through research and collaboration around innovation, the business school said 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 said in a statement.

Noting that innovation, venturing and entrepreneurship were getting attention from policymakers, IIT-Madras management studies professor Thillai Rajan said the three areas would play a key role in the country's economic growth.

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

The network will also create a strategic bridge between stakeholders, strengthen the ecosystem and synthesise the knowledge that is in silos among different groups.

"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," said IIM-Bangalore professor Venkatesh Panchapagesan on the occasion.

The network will also document Indian experiences in entrepreneurship and innovation and create a data-based knowledge for all stakeholders.

"The initiative will give a fillip to entrepreneurship in the country by aiding policy formulation, implementing innovation and helping managerial practice," said the statement.


Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel