The success of this initiative is that we are independent with a strong board that pushes us forward. 85 per cent of our companies are doing well and have a value of Rs 30,000 crore. We have created 250 startups in 10 years, creating an unique record. At the same time we set up our incubation center. This helped develop industry-academia interaction. In fact, we went and created a system that for every 1000 square feet, the companies must do 150 credits every year, otherwise, they will have to move out. A specific condition of this place is that it is not for mere real estate, the company that comes here must do R&D.
For that, apart from the Rs 100 crore grant that we got, we borrowed about Rs 400 crore from banks to build this whole campus. To help startups, we felt that we should also be like a startup. The goal is to create a collaboration between innovation and entrepreneurship to address industry challenges. That is where the IIT Madras Research park and incubation center came up. We felt that enough is not done and we need a lot more industry and academia collaboration to develop. In the turn of century, many of us who understood this were faculty at IIT. That is because we are still importing every technology. But the question that sometimes needs to be asked is, did we fulfil this original mission? I will say no. The goal for IITs was that it should be a cornerstone in building the industrial, scientific and technological edifice of the nation. If we go way back to 1950s, the Government of India at that time, set up five IITs. That’s the beauty of the world we live in.Ashok Jhunjhunwala, Director IITM Research Park speaks about the goals that would propel IITM Research Park in the coming years at the Turbocharged Tamil Nadu seminar organised by Industrial Economist.
Of course magic won’t fall into your lap just by thinking about it, but if you’re working to tell the universe what you want it could very well happen.
Whether you reach out to people you know or initiate the conversation with people you don’t know yet, the universe will help make it happen. A path with the best of both worlds that I didn’t even know existed when I first started looking. That transforming moment occurred a few months ago when I was debating whether I should transition to a new job or go to grad school and BOOM, I found Experience Institute. I told him that because I believe it because that’s what happened to me. While the message was definitely a highlight of my day, I didn’t tell him that just to hear I was right. Because I managed to get into for a one-year co-op starting this summer. Today, he sent me a message that went a little something like this: “So, remember what you said about the universe conspiring to make things happen? Funny that you said that. I had faith that he would find what he was seeking or maybe even something better. I offered some helpful suggestions and while I couldn’t help point him in the right direction exactly, I dropped my favorite quote from The Alchemist and encouraged him to keep reaching out to tell the world what he was looking for. “When you want something, all the universe conspires in helping you to achieve it.” – Paulo Coelho, The AlchemisĪ few weeks ago, a friend reached out to me asking for career advice as he transitions out of graduate school and into the workplace.
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