The Indian Institute of Science, Bangalore (IISc) and the Indian Institute of Management Bangalore (IIMB) signed a Memorandum of Understanding (MOU) on September 15, 2010 to formalize academic exchange and collaboration between the two Institutes.
The MOU focuses on two goals: to have closer academic collaborations between the two Institutes and to initiate Technology and Innovation Management activities related to science-based Intellectual Property generated at IISc and co-created between the two Institutes.
The academic activities will cover joint academic programs in all areas of Science (pure science and engineering) and Management, and will share the wealth of complementary wisdom and pedagogic experience the two Institutes possess. The Technology and Innovation Management activities will involve joint identification of Intellectual Property at IISc, strategies for its marketing, joint incubation and startup companies between IISc and IIMB. Faculty, students and alumni of the two Institutes will be involved in this MOU. A Joint Board will be constituted between IISc and IIMB.
Professor P Balaram, Director, IISc, sees the need for closer ties between these Institutes to bring innovations in Science closer to Society, and thus make Shri Jamsetji Tata's dream a reality. It was the vision of Shri Jamsetji Tata, the founder of Indian Institute of Science, to build scientific institutions in India which will serve industry, healthcare and society in general.
"We are delighted to enter into this partnership with IISc," said Professor Pankaj Chandra, Director, IIMB. "In this technology-driven age, such collaborations are crucial for development, as academic research benefits society when converted into entrepreneurial opportunities. The intersection of science and management offers exciting opportunities and this collaboration will certainly enhance the output from Bengaluru as a knowledge centre."
The collaboration hopes to bring together an appropriate mix of transnational R&D, business angels and venture capitalists.
The Indian Institute of Science, Bangalore (IISc) and the Indian Institute of Management Bangalore (IIMB) signed a Memorandum of Understanding (MOU) on September 15, 2010 to formalize academic exchange and collaboration between the two Institutes.
The MOU focuses on two goals: to have closer academic collaborations between the two Institutes and to initiate Technology and Innovation Management activities related to science-based Intellectual Property generated at IISc and co-created between the two Institutes.
The academic activities will cover joint academic programs in all areas of Science (pure science and engineering) and Management, and will share the wealth of complementary wisdom and pedagogic experience the two Institutes possess. The Technology and Innovation Management activities will involve joint identification of Intellectual Property at IISc, strategies for its marketing, joint incubation and startup companies between IISc and IIMB. Faculty, students and alumni of the two Institutes will be involved in this MOU. A Joint Board will be constituted between IISc and IIMB.
Professor P Balaram, Director, IISc, sees the need for closer ties between these Institutes to bring innovations in Science closer to Society, and thus make Shri Jamsetji Tata's dream a reality. It was the vision of Shri Jamsetji Tata, the founder of Indian Institute of Science, to build scientific institutions in India which will serve industry, healthcare and society in general.
"We are delighted to enter into this partnership with IISc," said Professor Pankaj Chandra, Director, IIMB. "In this technology-driven age, such collaborations are crucial for development, as academic research benefits society when converted into entrepreneurial opportunities. The intersection of science and management offers exciting opportunities and this collaboration will certainly enhance the output from Bengaluru as a knowledge centre."
The collaboration hopes to bring together an appropriate mix of transnational R&D, business angels and venture capitalists.