IIM Sambalpur to Become First IIM to Have AI As Faculty in Classrooms

“AI to Change the Way the Students Learn at IIM Sambalpur” – Prof. Mahadeo Jaiswal On 10th Foundation Day

IIM Sambalpur, one of the premier management institutions, announced the introduction of AI in a big way which will transform the way students learn in classrooms. Role of teacher will change that from teaching to creating and learning. IIM Sambalpur commemorated its 10th Foundation Day by reflecting a decade of excellence and transformative achievements that underscore its commitment to innovation, inclusiveness and integrity. Since its inception, the institution of national importance has aimed at imparting management education through action-oriented research, value-driven consulting and experiential learning pedagogy and is rapidly emerging as a leader in business education, pioneering new benchmarks in gender diversity, placements, cultural development, sustainability initiatives, and technological advancements.

Uday A. Kaole, Chairman and Managing Director of MCL, graced the event as the chief guest, while Dr. Anurag Batra was the guest of honor. Nishita Baliarsingh, Co-founder & CEO, Nexus Power and Anindya Ghosh, Associate Partner, IBM were the keynote speakers.

10th Foundation Day of IIM Sambalpur

Delivering a welcome address, Prof. Mahadeo Jaiswal, Director, IIM Sambalpur said, “I express sincere thanks to Prime Minister Narendra Modi and Education Minister Shri Dharmendra Pradhan and everyone who contributed to building this world-class institute. I want to highlight some unique highlights of the institute. IIM Sambalpur, which began with just 49 MBA students in 2015, is today a proud institution with 320 MBA students and a ground-breaking 75% female student body. We created world-class infrastructure and process of onboarding 60 plus of start-ups under our incubation centre, and promoted international collaborations. Furthermore, he said, “We today announce the implementation of AI in classrooms for the transformative learning experience.”

He also spoke about plans to organize a Women's Empowerment Summit in February to further the goals of Viksit Bharat. IIM Sambalpur is well-positioned to emerge as a global leader in management education. IIM Sambalpur this year will have three Centers of Excellence, a more diverse MBA program that is in line with NEP’s focused efforts towards international accreditations, and expansion of campus this year.

Chief Guest Uday Kaole, CMD, MCL said, “IIM Sambalpur is the most vibrant and most talked about IIM. With IIM Sambalpur, students are in the best hands. I congratulate IIM Sambalpur for everything they have done till now. I congratulate Dr. Jaiswal who is the power behind this institute, towards making it unstoppable. Through this address, I offer access to great talents from IIM Sambalpur to see the business aspect at MCL, the largest coal producer in the country.”

Nishita Balliarsingh, Co-founder & CEO, Nexus Power as a keynote speaker inspired students by speaking about consistency of efforts and being honest with yourself.

Anindya Ghosh, Associate Partner, IBM as a keynote speaker emphasized on focused efforts and giving your 100%, love what you do, financial planning at early stage.

Dr. Anurag Batra, Guest of Honor, iterated on the importance of sleep, helping others, working towards sustainability, and being optimistic.

Central Inauguration of IDE Bootcamp Second Edition Phase I

The Foundation Day celebration coincides with the launch of the Innovation, Design, and Entrepreneurship (IDE) Bootcamp (Second Edition – Phase I), envisioned by the Honorable Prime Minister, Shri Narendra Modi. Scheduled from 23rd to 27th September 2024, this initiative, spearheaded by the Ministry of Education, AICTE, and the Ministry of Education’s Innovation Cell (MIC), aims to nurture innovation, design, and entrepreneurial skills among student innovators across India. The Bootcamp was hosted simultaneously across nine prestigious institutions from all across the nation.

The bootcamp engages over 3000 student innovators and Innovation Ambassadors from higher education institutions across the country. IIM Sambalpur actively supports the IDE Bootcamp through its focus on fostering innovation, entrepreneurship, and experiential learning, which aligns with the core goals of the initiative. As a leading management institution committed to action-oriented research and value-driven education, IIM Sambalpur provides a robust platform for nurturing entrepreneurial mindsets and creative problem-solving skills among students. “India is about to take a big stride forward in fostering the entrepreneurial spirit of its youth and fortifying its innovation ecosystem with the launch of this bootcamp” – Mahadeo Jaiswal, Director, IIM Sambalpur.

Bootcamp Exhibition

The event also featured an exhibition by innovators & startups with more than 70 startups showcasing their unique products. There were diverse range of products including tech products, agriculture products, and healthcare products, etc. Startups from across the nation have participated in the exhibition.

IIM Sambalpur Receives $2 Mn Funding for Startup Incubation Center on Its 9th Foundation Day

Also Inks Pact with India Accelerator to Promote Entrepreneurship Ecosystem

IIM Sambalpur celebrated its 9th Foundation Day with the Theme: “Accelerating Startup’s Ecosystems”. Mr. Sushant Kumar, ESKYEN Ventures committed fund of 2 million USD to Incubation Centre of IIM Sambalpur to promote start-ups and entrepreneurship. Also an MoU signed between IIM Sambalpur & India Accelerator to build entrepreneurial capacity for the incubates of IIM Sambalpur.

The program was address by Shri. Dharmendra Pradhan, Hon’ble Minister of Education, Skill Development & Entrepreneurship, GoI as the Chief Guest.

During the event, the Chief Guest, Shri Dharmendra Pradhan, Union Education Minister of the Government of India, congratulated IIM Sambalpur on its Ninth Foundation Day through a video message. He praised the alliances and partnerships that IIM Sambalpur has formed with businesses like India Accelerator, SIDBI, and Flipkart, highlighting their importance in fostering entrepreneurs and assisting the livelihoods of local weavers and craftsmen. In his inspirational speech, he urged the students to use innovation, inclusivity, and integrity - the three pillars of IIM Sambalpur - as their compass points in all their activities. He acknowledged that IIM Sambalpur had given them the knowledge and abilities necessary for professional success and urged them to constantly remember their greater purpose, strive for excellence, give back to society, and uphold the values that will cause India to become a developed country by 2047.

The Guest of Honour, Mr. Sushant Kumar, Founder & Principal of ESKEYN Ventures & Indus Capital, USA, underscored the vital role of confidence in early investors like Ram Shriram, who was the first investor in Google and supported Larry Page and Sergey Brin, even during the company's unprofitable years. He shed light on the enormous obstacles that companies must overcome by empathizing with the primary worries that frequently plague them, such as fundraising, loan repayments, and job stability. Additionally, Mr. Kumar revealed major funding for an incubation center at IIM Sambalpur totaling $2 million. He commended the dynamic leadership of Professor Jaiswal and his team, assuring that the project's implementation would commence shortly.

The Keynote Speaker, Mr Hiranmaya Mahanta, CEO, i-HUB Gujarat shared a story of Stanford University's innovative spirit. Stanford got $50,000 from the U.S. State Department's innovation fund when it was established in 1939, but their strategy for fostering innovation made them a force to be reckoned with. In a similar vein, he believed that IIM Sambalpur might take the lead in promoting entrepreneurship and innovation thanks to Dr. Jaiswal's inspirational leadership. The institute, like Stanford University, has a fantastic opportunity to influence the future.

Additionally, he encouraged students to adopt an innovative mindset, take prudent chances, and not be afraid to ask questions.

In the welcome address, Prof. Mahadeo Jaiswal, Director, of IIM Sambalpur stated, "Established on September 23, 2015, within its 8-year journey IIM Sambalpur has carved a niche among the top IIMs. The vision of IIM Sambalpur is to nurture responsible leaders with an entrepreneurial mindset and core values centered around innovation, inclusiveness, and integrity. We are also privileged that Prime Minister Shri Narendra Modi laid the foundation stone of the institute on January 2, 2021. Some achievements in these 8 years include: In 2019, we created history in top B-schools; in 2019, IIM Sambalpur achieved 50 per cent gender diversity, a milestone followed by all IIMs."

He also spoke about the trend in increasing the percentage of non-engineering students in the MBA batch in which IIM Sambalpur emerged as a leader in the country. The director further informed about the three unique projects namely BunkarValleys.com to promote master weavers and artisans, MineralValleys.com to study the value that mines and minerals are creating for the people of Odisha and DigitalValue.com to promote digital leadership in the country and upcoming MoUs.”

Mr Hiranmaya Mahanta, CEO, i-HUB Gujarat graced the event as the Guest of Honour. On the occasion, Mr Arindam Mukhopadhyay, Partner, India Accelerator; Mr. Deepak Sharma, Co-Founder & Managing Partner, India Accelerator and Mr. Bodhisattwa Sanghapriya, Founder and CEO, IG Drones were also present.

On the occasion, the key achievers in different fields were felicitated by the dignitaries. Mr. Amrut Mohanty, CAO I/C gave the vote of thanks. The event concluded with a roundtable discussion on the topic 'Accelerating Startup’s Ecosystems.