Universities are harbingers of creation of new knowledge; the teaching must be student centric; and the programs should be job oriented in changing world economic scenario and entrepreneurship focused. Innovation should guide University education measured against international yardsticks. In particular the Western World is the best example of spirit of innovation in the university system. Game changing ideas have arisen out of research labs of professors who not only produce high quality science but start companies with their collaborating students and post-docs. Some of these have become multi-billion dollar industries. The best examples could be found in the Gene town and Silicon valley in the USA and a few universities in Israel. What makes them click? Can Intellectual Property Rights (IPR) generated by academics be valorized in the developing world, for instance? The Indian government has taken up many programs to support academics and students which will help in meeting the target of USD 5 trillion by 2024. In the case of the Institute of Chemical Technology (ICT) Mumbai, a sporadic growth in industrial connectivity took place during last decade due to a change in policy. Several patents were filed and acquired. Student entrepreneurs were promoted. The spirit of innovation was brought by having new programs wherein 2 years industrial experience was made mandatory in a five year integrated Masters degree program, trimester pattern with alternate term in industry, with an idea of start-up companies based on research during the fifth year. This keynote will give an in-depth analysis of valorization of IPR.

Creating world class institutions of higher education in Indian context: Research, innovation and etrepreneurship

ACS Spring Meeting 2021

The official archive and repository for all ACS Meetings & Expositions abstracts and select posters or presentations.