IIT Madras ranked as the best innovative educational institution in India
The Institute was ranked No.1 in the Atal Ranking of Institutions for Innovation Achievements (ARIIA) launched last year by the Innovation Unit of the Ministry of Education.
The Indian Institute of Technology Madras has once again been named the best innovative educational institute in India for the second year in a row by the Indian government.
The Institute was ranked No.1 in the Atal Ranking of Institutions on Innovation Achievements (ARIIA) launched last year by the Innovation Unit of the Ministry of Education (formerly the Ministry of Resource Development human) in “Institutions of national importance, central and centrally funded universities Category Technical Institutions.” Around 674 establishments participated in the ARIIA ranking this year, compared to 496 establishments last year.
Mr. Venkaiah Naidu, Hon’ble Vice President of India, announced the results today (August 18, 2020) at a virtual event attended by Shri. Ramesh Pokhriyal Nishank, Union Minister of Education, Government of India and other officials.
Addressing the event, Mr. Venkaiah Naidu, the Honorable Vice President of India, said, âWe must be self-reliant. Self-sufficiency forces us to innovate, to seek solutions applicable to development challenges. To create an environment conducive to experimentation, India’s higher education system should act as a catalyst and force multiplier to boost Indian innovation and the start-up ecosystem.
In addition, Mr. Venkaiah Naidu said: âInnovation must become the core of education. The quest for excellence must become the norm. I congratulate all the institutes which obtained the highest honors. I would like to congratulate not only the principals but also the other faculty members and the young people who help them. Other institutes should redouble their efforts because it is an annual effortâ¦ Learn from the best in the world and aim better than the best. I hope this ranking, named after one of India’s illustrious prime ministers, will inspire all higher education institutes to be âAtalâ (steadfast) in their commitment to creating world-class institutions. “
ARIIA strives to systematically rank educational institutions and universities primarily on the basis of innovation-related indicators. It aims to inspire Indian institutions to reorient their mindset and create ecosystems to encourage high quality research, innovation and entrepreneurship. More than quantity, ARIIA focuses on the quality of innovations and measures the real impact created by these innovations at national and international level.
Congratulations to all institutions, Shri. Ramesh Pokhriyal Nishank, Union Minister of Education, Government of India, said: âInnovation and therefore ARIIA will be the cornerstone of the new self-sustaining India. The rankings aim to recognize the efforts of institutes that propose new innovations and bridge the gap between industry and innovation.
IIT Madras has excelled in ARIIA thanks to its strong entrepreneurial ecosystem that encourages students to become job creators. The IIT Madras Incubation Cell (IITMIC) in IITM Research Park is India’s leading in-depth technology start-up center with innovation and impact as key differentiators / drivers.
While IITMIC manages startups, there are other innovation platforms for students even before they graduate. They include Nirmaan, a pre-incubator, Center for Innovation (CFI), which provides a platform for students to ‘come in with an idea and come out with a product’, and the Gopalakrishnan Deshpande Center for Innovation and Entrepreneurship which prepares aspirants. entrepreneurs.
Thanking the Ministry of Education for granting this recognition to the Institute, Professor Bhaskar Ramamurthi, Director of IIT Madras, said: âIIT Madras is known for its world-class innovation ecosystem composed of from the research park and several other centers, which has already produced class-leading businesses and disruptive technologies for India. We are proud to be recognized for the second time in a row as India’s best innovative educational institution under ARIIA. “
The IITMIC is home to incubators such as the Health Technology Innovation Center (HTIC), the Rural Technology and Business Incubator (RTBI) and Bio-Tech incubators. IITMIC has incubated over 200 high tech startups (until June 2020) that have attracted VC / Angel funds to the tune of US $ 235 million and with a valuation of US $ 948 million . They achieved cumulative revenue of US $ 61 million in fiscal year 2019-2020, creating over 4,000 jobs and generating over 100 patents. Startups are in industries such as manufacturing, IoT, energy / renewables, health / medical devices, water, education / skills development, agro-technology, robotics, AI, ML, and data analytics, among others.
Center For Innovation enlarged the institute’s âtechâ space where their projects continued to produce high-level start-ups and internationally renowned competitive teams. âNirmaanâ seeks out students with ideas with business potential and offers them a one-year program.
GDC challenges aspiring entrepreneurial cohorts and helps them position their idea correctly to meet customer needs and build a business capable of delivering the product.
Other dignitaries who spoke at the event included Shri. Sanjay Dhotre, Hon’ble Minister of State for Education, Government of India, Shri Amit Khare, Secretary for Higher Education, Ministry of Education, Government of India, Prof. Anil Sahasrabudhe, Chairman, All India Council for Technical Education (AICTE), Dr BVR Mohan Reddy, Chairman of ARIIA Evaluation Committee and Dr Abhay Jere, Director of Innovation, Ministry of Education, Government of India.
ARIIA 2020 has rankings for six categories of institutions, namely:
1) Institutions of national importance, central universities and technical establishments financed by the State,
2) Private or self-funded colleges / institutions,
3) Private or self-funded universities,
4) Government and state subsidized universities,
5) Colleges / institutes subsidized by government and government,
6) Higher education establishments reserved exclusively for women.