On Friday, 09 Aug 2019

FORGE Accelerator, Coimbatore has launched a STARTUP MASTERS PROGRAM, a 2 year full-time PGDM in Innovation, Entrepreneurship & Venture Development which has been approved by AICTE. Kumaraguru College of Technology is among the 4 institutions across the country selected by AICTE to offer this course, designed by the MHRD’s Innovation Cell (MIC), Govt. of India, New Delhi. FORGE - the incubation enterprise launched by CIBI, has been a catalyst for innovation powered enterprises to solve real-world problems. Speaking at the launch event hosted, Dr. Naushad Forbes, Chairman, Governing Council, National Institute of Design, Consulting Professor in the Management Science & Engineering program at Stanford University & Co-Chairman of Forbes Marshall, India, Past chairman of CII, said that our educational system has been extremely prescriptive and theoretical. The fact that we have problems all around us that do not have ready-made answers provides ample opportunities for entrepreneurs. In his view, the democratization of innovation has to start with its very definition, and he opined that Innovation is something new that leads to gaining a commercial advantage. Our educational institutions having huge untapped talent among students and faculty can act as the platforms to spur innovation, he surmised. Shri S. Gopalakrishnan IAS, Joint Secretary, MeitY, Govt. of India who was the Guest of Honour spoke of how Coimbatore which has been the bedrock of entrepreneurship is ideally suited for this programme. Most solutions of startups that emerge from garages in the USA are for the western world and serve the first 1 billion people, whereas the solutions developed for Indians by Indians can benefit the rest of the planet, with huge markets in Africa, Asia, Latin America, and Eastern Europe. While several universities in the country have so far offered Masters in Entrepreneurship, most of them being theoretical, he hoped that the experiential orientation of the course coupled with the broader ecosystem for Innovation and Entrepreneurship created at Forge will make this a role model course for other incubators and institutions to emulate.

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