CII, IISc sign MoU to create Ecosystem of Innovation

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Confederation of Indian Industry (CII) and Indian Institute of Science (IISc), Bangalore today signed a memorandum of Understanding to create an Ecosystem of innovation for the Indian Industry. The MoU, signed at the 5^th Meeting of CII Mission for Innovation in Manufacturing, is aimed at providing collaboration between Academies and Research Institutes of India and CII.

 

An Industry Academia partnership forms part of the critical infrastructure for building a culture of innovation in a country.  IISc with its expertise in cutting edge research and CII with their large industry membership have come together to build this crucial eco system for the country. This MoU, signed for an initial period of two years, is a landmark in Industry Academia collaboration in the area of innovation.

 

Given the huge unserved needs of a large part of India's population in India, this partnership would specifically focus on providing high quality low cost product solutions for this section of the society. CII would set up a help line from the Institute to provide service to Industry. This help line will endevour to bring together experts from the academia and the entrepreneurs looking for solutions to technical and engineering problems. These could include solutions to issues such as the search for a new material to meet a very specific high technology need of the entrepreneur, which only the academia can provide. In today's context, when technology is becoming increasingly difficult to access from outside India, this synergy would be a stepping stone to creating our own technology for products and processes.

 

With a view to sensitizing the industry to the criticality and processes of innovation, the two institutions will bring together the expertise to 'hand-hold' the stakeholder in the area of innovation.

 

The CII Mission for Innovation in Manufacturing just concluded its' first year with trail blazing activities that created a great excitement in the Indian industry.

 

CII realizes that for India's manufacturing sector to surpass 14% growth rate and contribute at least 35% to the GDP, the only strategy is to become innovative; to find sustainable solutions to meet the unserved needs of millions of Indians. With this backdrop CII had set up a Mission for Innovation in Manufacturing under the Chairmanship of Dr. Surinder Kapur.

 

Sourced From: Confederation of Indian Industry