IIT-B alumni lends a helping hand, launches Global Business Forum

  • HT Correspondent, Hindustan Times, Mumbai
  • Updated: Apr 14, 2015 16:04 IST

The Indian Institute of Technology- Bombay Alumni Association (IITBAA) launched a Global Business Forum (GBF), a platform to showcase technology and research by students, alumni and faculty members of the institute.

The project, which was inaugurated on Friday, will also facilitate collaboration with business organisations and government agencies. The forum will focus on technological innovations in eight special interest groups/sectors like education, healthcare, energy, environment, among others. (See below)

DB Pathak, educationist and professor at IIT-B; Ajit Ranade, president and chief economist at Aditya Birla Group and Ashank Desai, founder and former chairmen of Mastek Limited were present at the launch at the Mumbai Press Club.

The project will bring together more than 1000 IIT-B alumni working in 13 different countries, 10 state and central government ministries, 200 industry partners, students and faculty members.

Pathak said, “Through this forum, IITians from different countries will come together to address national issues and will create suitable business models. Development, now days, seems to have become the agenda only of the government. We need to change that. Our trilogy includes academia, industry and government (and they) need to align themselves to make it everyone`s agenda. It should be a people`s movement.”

“In near future, all IITs and research institutes will be linked together through this initiative,’ he added.

The initiative is endorsed by union defence minister Manohar Parrikar, who is also an IIT-B alumnus. Parrikar, in a statement issued to the press, said, “Even as India continues to face enormous challenges, even as many Indians still endure problems of a nation in transition, we cannot lose sight of the new emerging India. Through such forums, we need to empower next generation of Indian entrepreneurs.”

Experts said that involvement of industry is important in promoting innovations. Ranade said, “It is important to showcase these innovations to the world through GBF. Along with researchers, we will also involve vendors, suppliers in the process.”

Ranade added, “Many of India’s developmental challenges can be addressed through innovation and enterprise but it would require a new business model based upon improved dialogues between education sector, government and the market place.”


* GBF will organise a convention every year. This year, it will be held between October 16 and 18 at Goa.

* It will be attended by 1100 IIT-B alumni from different countries, faculty, researchers, policy makers, bureaucrats, investors, entrepreneurs, chief technical officers, top industrialists, central cabinet ministers and state chief ministers.

* The forum will shortlist 10 start-ups for every special interest group which will be given assistance.

Eight special interest groups include:

-Education and Skills
-Environment (Water)
-Smart cities
-Information Communication Technology (ICT)
-Make-in-India (Manufacturing)

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