Greater Noida, March 3, 2023: Birla Institute of Management Technology (BIMTECH) and The Institute of Industrial Development today signed a Memorandum of Understanding (MoU) to jointly offer industry-specific training programs and certificate courses in Marketing with Specialization in Digital Marketing, Finance with Specialization in FinTech, BFSI, Risk Management, Digital Transformation, Entrepreneurship, Supply Chain & Logistics Management, and related areas.
Institute For Industrial Development is an incubator with the Government of India, Ministry of Micro, Small and Medium Enterprises (MSME), and the department of start-ups, an initiative by the Government of Uttar Pradesh.
One of the first programs that will be jointly offered is the Advanced Certificate in New Age Entrepreneurship. This will be carried out in the online format. Graduates from recognized universities are eligible to enroll in this program. The duration of the program is 12 weeks of live-classes and 4 weeks for capstone projects, with a total duration of four months.
The certificate program will benefit professionals with an entrepreneurial mindset to convert innovative business ideas into sustainable business plans.
The MoU will contribute to the growth of the Small and Medium Business Enterprises (SMBE) sector, which is one of the key focus areas for the industrial growth of the country. Through this partnership, BIMTECH and The Institute of Industrial Development aim to empower and equip aspiring entrepreneurs with the necessary knowledge and skills to build and grow their own businesses.
Overall, this collaboration is expected to offer a unique opportunity for professionals to enhance their entrepreneurial skills, explore new business opportunities, and create a positive impact on the Indian business ecosystem.
The program is tailored to support aspiring entrepreneurs create and develop the skill sets and competencies required to navigate a volatile, uncertain, complex, ambiguous, and disruptive environment. The course is targeted at “future generation” leaders who desire to build and grow their own business.
Dr. Harivansh Chaturvedi, Director of BIMTECH, said, “Two premier institutions of India have come together to resolve one of the most significant problems of today – unemployment. BIMTECH as a business school has been providing excellent education on entrepreneurship and startups for many years. IID on the other has a track record of making around 1300 modules on the broader topic of entrepreneurship. They have the resources and mentors, who can help entrepreneurs with a plan and a path. I would like to complement the efforts of IID co-founder, Mr. Mukesh Shukla.”
Mr. Kamal Bhola, Director, The Institute of Industrial Development, further added, “With the help of BIMTECH, we can reach out to a vast section of the youth. Entrepreneurship certification is the need of the hour and producing capable leaders essential to sustain business growth. The program aims to develop entrepreneurship among the youth so that they can become job providers in the future.”
The MoU signing ceremony was attended by dignitaries from both BIMTECH and The Institute of Industrial Development. The event marked the beginning of a promising partnership between the two organizations, aimed at fostering entrepreneurship and contributing to the growth of the SMBE sector.
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The Birla Institute of Management Technology (BIMTECH) was established in 1988 under the aegis of the Birla Academy of Art and Culture. Late Basant Kumar Birla, Ex-Chairperson of the Basant Kumar Birla Group of Companies and Late Sarala Birla, were the founders of BIMTECH. The Institute is governed by an eminent Board of Governors mostly drawn from the top echelons of the industry. The Institute is supported by the Basant Kumar Birla Group and Aditya Birla Group of Companies. It has progressed from a moderate start to the 6th rank among top private B-Schools in India as per NHRDN-Shine (HT Media) Management Institute Ranking 2019.
BIMTECH provides a highly conducive academic environment, interaction with hard working and industry-academia mix professors, proximity to the strategy makers of the industry and practitioners of the service and manufacturing companies, exposure to the international universities and companies.
About Institute for Industrial Development (IID)
Institute for Industrial Development (IID) is an incubator with the Government of India, Ministry of Micro, Small and Medium Enterprises (MSME), and the department of start-ups, an initiative by the Government of Uttar Pradesh. IID is a unit of Samadhan Samiti working under Public Private Partnership with the Government since the year 1999. Our master incubator center is Khadi and Village Industries Commission (KVIC) at Rajghat, New Delhi, and the other incubation center, the National Small Industries commission (NSIC) at Gokhle Marg, Lucknow.
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