NTs 4th on list of world's top entrepreneurial instts

NTs 4th on list of world's top entrepreneurial instts

                                                                                       

INDIAN Institutes of Technology (IITs) are ranked fourth on a list of 50 best entrepreneurial undergraduate institutes in the world. HRD Minister Smrili Irani said on Friday. The ranking was compiled by Pitch Book Data, a US-based private equity and venture capital research firm. Sharing the achievement at an AICTE conclave on 'entrepreneur-ship education". Irani said the feat calls for further celebrations as the IITs have been ranked higher than some of the best Ivy League universities such as Harvard.

The Minister referred to the rankings while underscoring the need to inculcate an entrepreneurial mindset among the youdis. noting dial knowledge and entrepreneurship are key to lake die country ahead.

In die study, the research firm found dial die Ills had a total of 264 entrepreneurs, who have founded 205 companies and cumulatively raised USD 3.15 billion.

The paradigm of education, she said. should be such mat it is able to cross die knowledge with analytical skills and logical reasoning, helping students acquire skills and entrepreneurial qualities.

To help realise the objective, "we hope to revamp our pedagogy and curriculum to make it more relevant to our society and our students mar-ket-ready not just domestically but also internationally". "We would also like to inculcate an entrepreneurial mindset not only in schools and colleges through changes in curricula but through introduction of leaching training and teaching material designed especially for entrepreneurship," she said.

Noting Ilia! innovation has become increasingly open and collaborative today as opposed to the existing close in-house innovation models, the minister suggested development of innovation clusters to promote collaboration between research organisations, industry and university.

"This would help exploit knowledge that would otherwise be left commercially unused by university," the Minister said, underlining the need for a rigorous, transparent and outcome based method in evaluating the impact of programmes.

Irani said her Ministry would soon operationalise a 'council for higher education and industry' so that "together we can bring about solution that our nation has so long sought".

Posted in: News 2014