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.

IAN (Indian Angel Network) and IIM Alumni Singapore Partner to Bring Money, Mentoring and Market Access to Indian & Singapore Startups

IIM Alumni Singapore members will have access to IAN’s startup investment opportunities and IAN angel investors will have access to IIM Alumni Singapore linked start-ups

IAN (Indian Angel Network), India’s first and largest horizontal platform for seed & early stage investments and IIM Alumni Singapore, which brings together alumni of the Indian Institutes of Management, announce a win-win strategic partnership to link up two of the largest start-up ecosystems in Asia – India and Singapore.

The Indian startup ecosystem today is the third-largest globally and the fastest growing. IAN is the pioneer of angel investing and has played a pivotal role in transforming India’s startup industry. Comprising the Angel Group and two VC Funds, the IAN enables entrepreneurs to raise from US$50K to US$ 5mn on a single platform. The IIM Alumni Singapore partnership is strategic. It will provide IAN investors access to high quality investment opportunities, with robust IP protection rights and supportive government based schemes in Singapore. It is also aligned with IAN’s vision of investing and breeding valuable companies with global foot prints. This partnership will provide a fillip to IAN’s vision of investing in “500 startups with Rs. 5000 crores to create 500,000 jobs” which will help create high value jobs in both India and Singapore.

Similarly, one of IIM Alumni Singapore’s key objectives is to provide value to its members and this partnership provides them access to engage with the Indian and South East Asian start-up ecosystems. Partnering with IAN will provide IIM Alumni Singapore members high quality investment opportunities and the ability to engage with them to leverage the South East Asian markets.

 

From Left, Saurabh Srivastava,  Founder & Chairman, IAN & IAN Fund and Suresh Shankar, President, IIM Alumni Singapore

This partnership will enable both IAN & IIM Angel Investors’ portfolio companies to leverage the Indian and South East Asian markets: bringing value to both startups and investors. The well governed SEBI approved AIF structure provides cross border investors a well governed mechanism to invest and engage. This partnership will also provide India based angel investors in the IAN network a unique opportunity to support innovative IIM alumni Singapore linked startups in Singapore, through a SEBI approved structure. This will strengthen the early stage India-Singapore startup corridor.

Speaking on the same, Mr. Suresh Shankar, President, IIM Alumni Singapore, said, “It is game changing for us to be associated with IAN, the pioneers of angel investing in India. The group is pivotal in upscaling the entrepreneurial landscape in the country and is known for its strong startup and investor portfolio. Our partnership will bring abundant opportunities for IIM Alumni in Singapore who are keen to invest and mentor startups and get access to IAN’s platform for the same. IIM Alumni Singapore linked startups will also receive access to the required financial assistance and mentorship to grow and build profitable businesses through IAN’s VC Funds and members comprising the who’s who of successful entrepreneurs/CXOs around the world.”

Mr Saurabh Srivastava, Co-Founder, IAN & Chairman Emeritus TiE Delhi-NCR & Past Member of TiE Global Board , said, “This strategic partnership will accelerate the growth of jobs both in India & Singapore. IIM Alumni Singapore is the nodal coordinating body of IIM Alumni in the city. The alliance between IAN & IIM Alumni Singapore will bring together high quality investors from two leading organisations to help create path breaking valuable companies, with innovative solutions for some of the world’s real problems. through a well governed and active cross border platform for investing and growing startups."

Mr Amit Gupta, President TiE Singapore, said, “One of TiE’s mission is to focus on generating and nurturing the next generation of entrepreneurs. The partnership between IIM Alumni SG and IAN, both of whom are partners who share many members with TiE, is another step to creating a cross border platform for the next generation of entrepreneurs. TiE supports such partnerships and indeed breeds similar models on its own platform”

About IAN

IAN (Indian Angel Network) is India’s first angel investor group, comprising renowned, successful entrepreneurs and dynamic CEOs from across the world. With investors from 12 countries, IAN’s presence spans 7 global locations. Over the past 17 years, the platform has funded innovative start-ups across 19 sectors in India and 7 other countries, with several Unicorns in its stable of companies valued at over $ 9 bill. IAN has been enabling excellent cash exits year-on-year to its investors for the last 14 years. Some of its marquee investee companies include Druva Software, Spinny, Uniphore Software Systems, WOW Momos, Consure Medical, FarEye, Propelld, Dhruva Space, WebEngage, Planetsparks, amongst many others.

Apart from the IAN’s angel investor network, the platform comprises BioAngels, India’s first sector-focused angel investor group, in partnership with BIRAC, an enterprise of the Department of Biotechnology. The IAN Group also includes the IAN Fund I, an INR 375 crore VC fund, and the INR 1,000 crores IAN Alpha Fund, to build the single largest platform for seed and early-stage investing enabling entrepreneurs to raise from INR 50 lakhs to INR 50 crores from quality investors who provide funds, mentoring and global market access.

About IIM Alumni Singapore

IIM Alumni Singapore is a not-for-profit organization registered under the laws of Singapore for the development of community networks amongst alumni members of the Indian Institutes of Management. IIM Alumni Singapore aims to build the IIM alumni brand and network, with all relevant professional, business, academic, governmental and social communities in Singapore, India and globally and continually seeks to develop programs that promote the interests of such IIM alumni communities.

About TiE Singapore

TiE Singapore is a vibrant eco-system of Asian entrepreneurs, angel investors, venture capitalists and industry professionals. It is a non-profit that inspires entrepreneurs through its training, mentoring and networking programs.

TiE Singapore nurtures a productive environment where:

Startups can interact and get advice from successful entrepreneurs and industry professionals.

Entrepreneurs can help their peers and benefit from each other’s experiences and network with potential investors.

Investors can stay updated on the startups scene in Asia and get introduced to the hottest startups and the founder community.

Founders can find a support system through the entire entrepreneurial process and groom into seasoned entrepreneurs.

In a 1st, IIM Udaipur becomes the only Accelerator Program Center in Rajasthan: NSTEDB, DST GOI

The National Science & Technology Entrepreneurship Development Board (NSTEDB) - Department of Science and Technology, Government of India, has announced IIM Udaipur as a robust Accelerator Program Centre in Rajasthan for the year 2019-20. Across India, only nine  incubation centres are listed, out of which IIMU’s Accelerator Program Centre headed by Mr Umamahesvaram Mandi. 

The recent development came in the backdrop of the upcoming IIM Udaipur’s Launch-n-Zoom 2.0 accelerator cohort program. With its theme of MARKET-VALIDATION-LAUNCH, the eleborate program is open to Tech-based startups from all domains. The selected cohort will begin training in January 2020. Before this, IIM Udaipur’s Incubation centre hosted its first successful cohort in 2018 where 18 startups were selected out of 275 applicants following a thorough process.



On the attainment, Mr Umamahesvaram Mandi, Chief Executive Officer, Incubation Centre IIMU said, “This is a moment of monumental victory for the entire IIM Udaipur and the emphasis our institution places on entrepreneurship. IIM Udaipur thrives with the launch of emerging early-stage technology startups and zooms them into their success; once again this year with Launch-n-Zoom 2.0, which focusses on creating a positive impact on the way startups roll out their products or services and build ventures. Through 12 weeks of learning, mentoring and networking, the startups are prepped for the demo day where they get an opportunity to pitch their ideas and models to investors, for potential funding."

Prof. Janat Shah, Director, IIM Udaipur said, “The country needs  motivated youth to launch startups, invest in self-driven projects and conduct extensive research and development for the better tomorrow. Our Incubation centre is driven towards building a strong and effective network with other leaders and entrepreneurs in the industry to enable meaningful partnerships with startups.

Applications from all over India are welcome till November 30th for early-stage startups that have done Proof-of-Concept and are in the process of developing a Minimum Viable Product (MVP) and building prototype. 

 Sovan Sunil Panda, CEO and cofounder, Mangosteen Holdings, Anjana Vivek, technologist, Saurabh Kwatra, an innovative designer and function cost analyst and Rishabh Verdia and Yogesh Andlay business builders will be joining as mentors with others. 

IIM Udaipur’s incubation centre has focused on providing some additional benefits to the new cohort which include  access to equipment and software for MVP development and prototyping; discovery of customers; price-points of products in the market; prototype refinement; assistance in development of newer edition of products and market testing of products; co-working spaces with 24x7 internet connectivity; and tailor-made topics and knowledge resources. IIM Udaipur will also bear costs of prototyping and development. 

‘Launch-n-Zoom 2.0’ At a glance:

Duration	Dates	Highlights
12 Days Program at IIM Udaipur	January 10th-21st, 2020	Market Analytics, Consumer Behaviour & Validation, Design and business Innovation, Product Development
3 Weekend Program Online	February 2nd, 2020 onwards	Social Media Marketing, Building Network & Selling Skills, Intellectual Property Protection
8 Days Program at IIM Udaipur	March 16th- 23rd, 2020	Pricing Strategy, Financial Statements, Pitch Preparation, Fund Raising,  Ratio Analysis, Case Studies

For Detailed schedule- https://iimuic.org/themes/custom/dweb/images/launch-n-zoom/Accelerator_Program_Structure.pdf

For more details on the program, please visit-  https://iimuic.org/launch-n-zoom-2.0 

About IIM Udaipur Incubation Centre: -

IIM Udaipur Incubation Centre is a Technology and Business Incubator (TBI), accredited to DST, GoI operating at IIM Udaipur. The IIM Udaipur Incubation Centre presents a dynamic opportunity to serve as a platform to launch and develop startups into viable, profitable and scalable businesses.

IIMU’s Incubation centre invests time and resources into entrepreneurs who are making an impact in multiple domains including clean-tech, agri-tech, FMCG, Dairy financial inclusion,, Artificial Intelligence / Machine Learning, Extended Reality/ Augmented Reality solutions Blockchain, IoT and Smart-home technologies The Incubation Centre provides mentorship, lab facilities to develop prototype, coworking space, legal and accounting assistance, secretarial services, IP Protection services, industry and investor connects, and grants to sustain the startups (based on merit).

 

IIM Jammu Collaborates with Talentedge to Offer Online Executive Programs

New Delhi, 26 August 2019: Indian Institute of Management (IIM) Jammu and Talentedge have signed an MOU to launch and offer multi-disciplinary online Executive certification programs focused on mid-career professionals who are aspiring to up-skill themselves for career progression. This will be a great opportunity for an Institution located in the state of Jammu and Kashmir, which has recently been converted into a Union Territory by the Government of India, to expand reach and offer courses pan India.

Commenting on the development Prof. B.S. Sahay, Director, IIM Jammu said “This is a very progressive move for us and would expand our reach pan India. Online learning is gaining a lot of traction from all stakeholders and its growth in India. The Government of India has implemented various policies/initiatives to promote digital learning in the country.

"I believe online learning is a great value proposition for all Govt. and Private Institutions as a way to scale up and expand reach while learners get access to high-quality education. This is our first step in this direction and we are very excited to embark on this journey with Talentedge. The company has an integrated business model which would enable us to seamlessly impart Executive Education online. Also, Talentedge’s best-in-class platform ‘SLIQ’ recreates Classroom environment digitally through ‘Live and Interactive’ online sessions which enhances the learning effectiveness," said Sahay.

Further, Aditya Malik from Talentedge said “This is a significant development for us and we are delighted to add a new IIM to our existing partner IIMs – Kozhikode, Lucknow, Raipur, and Rohtak. I believe, in today’s dynamic and global business environment coupled with rapid technological developments, it has become imperative for professionals across levels to upgrade their skills from time to time to stay relevant and ahead of the curve. Online learning offers convenience and flexibility and is a preferred way for working professionals to up-skill without leaving their jobs. There has been significant growth in the number of learners who are holding middle-level management positions. It’s a great opportunity, we look forward to launching industry-relevant multi-disciplinary courses with IIM Jammu and are committed to making this a great success story for the institution."

Indian Institute of Management (IIM) Jammu, an Institute of National Importance was established by the Government of India in 2016 (www.iimj.ac.in). IIM Jammu offers Masters in Business Administration (MBA), Doctoral Programs (PhD) in Management, and various Executive Programs for working professionals. IIM Jammu has set high standards for outstanding value-based quality education, high-quality research, executive education, consultancy and strong corporate as well as international linkages. Moving ahead in the same direction, IIM Jammu is setting an Off-campus in Srinagar.

Talentedge is India’s first Ed-Tech firm bringing ‘Live & Interactive’ anywhere learning, in digital format. It offers courses jointly with the world’s leading institutes and corporate, enabling working professionals to plan their future course of action and fast track their careers. It partners with top Indian & International institutes including, IIMs, XLRI, Jack Welch Management Institute (JWMI), MICA and also with top corporate names like Society of Human Resource Management (SHRM) and others. Talentedge’s ability to re-create classroom type interactions in the virtual world has struck a chord with over 4,50,000+ individuals and corporate learners. The company initiates industry-relevant learning by bringing eminent subject experts into online education. Talentedge is one of the first Ed-Tech organizations to be credited with an ISO certification and today provides over 250 courses from 70+ premium Indian & International institutes.

IIM-Lucknow Incubated Skilancer Raises Seed Funding for its Robotic Water-less Solar Panel Cleaners

Indian Institute of Management, Lucknow (IIM-Lucknow) incubated startup, Skilancer solar, which designs and manufactures automatic robotic, self-powered, water-less Solar Module cleaners for decentralized, rooftop, and utility scale solar power plants, has raised an undisclosed amount in seed funding from Alfa Ventures, a proprietary fund launched by angel investor Dhianu Das, reported VC Circle.

Founded in 2017, Manish Das and Neeraj Kumar (IIT Jodhpur alumni), Skilancer will use the funds raised in upgrading its product design and technology as well as in building its team and expand geographically.

Skilancer is a centrally controlled, self-powered, robot for automatic cleaning of solar panels with elements of Artificial Intelligence (AI).





Incubated at L-incubator of IIM Lucknow, Skilancer raised pre-seed funding from there in March last year. L- Incubator at IIM, Lucknow houses business startups and provides them with seed funding, office space, mentorship, and networking opportunities with various investors.

According a recent research report, the global solar panel cleaning systems market estimated to grow with a CAGR of 7.5% during the forecast period from 2018 to 2026. After 2018, the year of uncertainty for a global solar panel as well as generation market, 2019 has already begun to show a positive outlook. The global installed solar PV capacity is expected to cross 1 Trillion watts in the next 4 years.

Solar Panel Cleaning Robot in particular has been the major product in the Other Solar Energy Related Products market over the past year, and it was very popular in India, United States, Turkey, Australia and UAE. according to Alibaba sales & inventory, India, with 21.93% leads the market shares of these countries. The US is second with 14.06% market share foolowed by Turkey:3.82%, Australia:3.77%, UAE:2.76% and rest have 53.66% share

Dhianu Das, Founder, Alfa Ventures commented, "I am absolutely bullish on India’s solar energy story. New installations in 2019 will reach nearly 14 gigawatts. This is about 50% more than the capacity added last year. This is where I see potential for a business like Skilancer Solar."

Prior to investing in Skilancer, Alfa Ventures had invested in an another AI led startup, CivilCops, a government tech startup and social intelligence platform.

iitiimshaadi.com - New matrimony site for people passing out from IITs & IIMs

Always dreamt of studying in IITs and IIMs but ended up missing the bus just by a small margin. Worry no more! You still have a chance to be indirectly associated with these esteemed institutions. IITIIMShaadi.com, a matrimony site can make your this dream come true by finding a prospective bride or groom from these institutions or any other top rated University or College all around the world.

The website has so far registered over 1800 people and some 120 people have already connected or met each other though the website.

The website is a platform to explore matrimonial alliance among alumni of premier educational institutions.  This website is an off-shoot of Rural Management Consultants Private Ltd., which is an organization founded by Dr. Ajay Gupta in 2011. Dr. Gupta has a PG from IRMA and Doctorate from the Delhi School of Economics. The organization is a leader of the market for executive search in the Food and Agriculture Industry.

The portal fundamentally invite registration from alumni of top few Indian and Global Institutions irrespective of the field of study. In coming days portal will also cover Engineering, Management, Architecture, Medicine, Finance, Law, Fashion Design, Theater, Media Communication, Psychology, Sociology, Music, Dance , officers of Senior Government Administration etc.

Nowadays, the issues of caste, religion etc. have taken a back seat in matrimony associations and people are becoming more and more open minded and looking for people who match their intellect or educational background and this is exactly what iitiimshaadi.com is offering them.

According to Ajay Gupta, the founder of the website, match making of the well placed and educated people is like an executive search.  The site gets queries not only from India but all around the world. Parents often end up sending the professional CVs of their kids and ask the website’s help in making a profile of their kids on the site. The website receives a lot of registrations on daily basis. The team then filters all these registrations for the “right candidates”. In order to register, the candidates have to submit a scanned copy of their degrees.

Dr. Gupta is very confident about his website doing well in the country considering the need of specific requirements of people contemplating marriage in the country.

The website became functional in April 2014 and provides high search quality by using pre-filters, such as willingness to attend office parties, late working hours, and frequent relocation etc.

Our verdict

The website doesn't look very professional and the UI of website is also lacks basic elements. Keeping in mind the kind of specific people that the matrimony portal wants to target, the website supposed to be very engaging with some really good interface elements which is by the way missing in the portal, rest the idea is good.

iitiimshaadi.com - New matrimony site for people passing out from IITs & IIMs

Always dreamt of studying in IITs and IIMs but ended up missing the bus just by a small margin. Worry no more! You still have a chance to be indirectly associated with these esteemed institutions. IITIIMShaadi.com, a matrimony site can make your this dream come true by finding a prospective bride or groom from these institutions or any other top rated University or College all around the world.

The website has so far registered over 1800 people and some 120 people have already connected or met each other though the website.

The website is a platform to explore matrimonial alliance among alumni of premier educational institutions.  This website is an off-shoot of Rural Management Consultants Private Ltd., which is an organization founded by Dr. Ajay Gupta in 2011. Dr. Gupta has a PG from IRMA and Doctorate from the Delhi School of Economics. The organization is a leader of the market for executive search in the Food and Agriculture Industry.

The portal fundamentally invite registration from alumni of top few Indian and Global Institutions irrespective of the field of study. In coming days portal will also cover Engineering, Management, Architecture, Medicine, Finance, Law, Fashion Design, Theater, Media Communication, Psychology, Sociology, Music, Dance , officers of Senior Government Administration etc.

Nowadays, the issues of caste, religion etc. have taken a back seat in matrimony associations and people are becoming more and more open minded and looking for people who match their intellect or educational background and this is exactly what iitiimshaadi.com is offering them.

According to Ajay Gupta, the founder of the website, match making of the well placed and educated people is like an executive search.  The site gets queries not only from India but all around the world. Parents often end up sending the professional CVs of their kids and ask the website’s help in making a profile of their kids on the site. The website receives a lot of registrations on daily basis. The team then filters all these registrations for the “right candidates”. In order to register, the candidates have to submit a scanned copy of their degrees.

Dr. Gupta is very confident about his website doing well in the country considering the need of specific requirements of people contemplating marriage in the country.

The website became functional in April 2014 and provides high search quality by using pre-filters, such as willingness to attend office parties, late working hours, and frequent relocation etc.

Our verdict

The website doesn't look very professional and the UI of website is also lacks basic elements. Keeping in mind the kind of specific people that the matrimony portal wants to target, the website supposed to be very engaging with some really good interface elements which is by the way missing in the portal, rest the idea is good.