Title of the Practice:

Initiation, Establishment & Strengthening of Innovation Ecosystem within the campus.

Objective of the Practice:

The objective of establishing an innovation ecosystem is to create a supportive and dynamic environment that fosters the development, collaboration, and commercialization of innovative ideas, technologies, and solutions. Such ecosystems aim to bring together various stakeholders from academia, industry, government, startups, investors, and other relevant sectors. The establishment of an innovation ecosystem creates a synergistic environment where diverse stakeholders collaborate, learn from each other, and collectively contribute to the growth and advancement of industries, technologies, and societies.

The Context:

The innovation ecosystem refers to the interconnected network of organizations, individuals, resources, and processes that collectively foster and support innovation within a specific region, industry, or domain. It provides an environment in which ideas can be generated, developed, and transformed into new products, services, or processes that create value and drive economic growth. The context of an innovation ecosystem encompasses various elements that influence and shape the innovation process and also encompasses a complex interplay of various elements that collectively create an environment conducive to the generation and realization of innovative ideas. The strength and effectiveness of an innovation ecosystem depend on how well these elements are integrated and how supportive they are of the innovation process.

The Practice:

This practice at IIMTU involves creating and nurturing an environment where innovation can thrive and flourish. Creating a successful innovation ecosystem requires a holistic approach that takes into account both tangible and intangible factors. It's about fostering an environment that enables the seamless flow of ideas, resources, and expertise, ultimately driving economic growth, technological advancement, and societal progress.

Evidence of Success:

• The evidence of this practice lies in successful establishment and extension of Innovation & Incubation with Entrepreneurship Development Cell, Intellectual Property Rights cell and Start-up Cell.
• Apart from this, IIMT University has received grants of 25 lakhs and 1.25Cr as funding for prototype development by the MSME, Government of India.
• Presently, 70 project ideas have also been submitted to the MSME for Capital establishment.
• The University has been successfully recognized and acknowledged by the Institutions Innovation Council for past four years in succession and IIMTU has bagged the prestigious 4 Star Rating by IIC in the years 2019, 2020, 2021 and 2022.
• The IIMT-Centre of Innovation, Incubation and Entrepreneurship (Incubator) of the University is associated with MoE-IIC IIMTU cell (among top ten in northern India since 2018) for recognising the innovative ideas of the young minds by conducting hackathons, ideathons, established IPR cell to protect the intellectual property rights of innovations and new research and facilitate the patenting of ideas, EDP cell to motivate students towards entrepreneurship, MSMEs, Start-ups Employability Skill Enhancement training cell which is providing training to enhance the skills of the students through the following state of art centre of excellences;
  1. IIMT-Centre of Innovation, Incubation and Entrepreneurship
  2. Central Instrumentation Lab
  3. Center for Research Analytics
  4. IIMT-Business Incubator Foundation
  5. IIMTU- Centre for Research and Development-Pharmacy
  6. IIMTU- Institute Innovation Council (For establishing Innovation ecosystem)
  7. Centre for Fabrication and Prototyping
  8. IIMTU-Skill Development Centre
  9. IIMTU- IPR Cell

List of academic programs / courses on Innovation: https://iimtu.edu.in/uploads/images/17065343091.pdf

List of IPR: https://iimtu.edu.in/uploads/images/17065125871.pdf

List of Technology Transfers: https://iimtu.edu.in/uploads/images/17065126141.pdf

List of Start-ups: https://iimtu.edu.in/uploads/images/17065126481.pdf

Recent collaboration of Innovation Cell: https://iimtu.edu.in/uploads/images/17065126871.pdf

• IIMT University has bagged the prestigious NIRF-Innovation Rank and it is placed among the top 100 Universities of the country.

• The University is also placed in the prestigious A1- Diamond Band in the National Outcome Based Education Ranking 2022-2023.

The University has also shown remarkable progress in the field of Innovation and it is well reflected in the number of IPR’s procured by the University. A graphical representation of the same is depicted below: