Social Entrepreneurship workshop and competition at IIT-Madras

The India chapter of Asia-Pacific Student Entrepreneurship Society (ASES-India) operating out of IIT-Madras is set to conduct workshops running up to a competition in which the best social business plan will be rewarded. Times of India reports,

Participants must submit executive summaries of their business plans by January 25 after which around 15 to 20 teams will be short-listed and mentored.

Results of the first round will be declared on February 1 and the formal mentoring including development of prototypes of short-listed projects will commence on February 15. In all five awards will be given.[Source:

The website created for the competition, named Genesis, indicates that while prizes in the competition bring for good publicity for the winning ideas, the workshops will offer valuable lessons to learn to all the participants, who may also stand to gain from their interaction with people from IIT, Rural Innovations Network, Ashoka, Indian Angel Network, TiE – the partners of ASES-India for this competition.

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IIT alumni plan social fund

[News Source: Business Standard]

Indian Institute of Technology (IIT) alumni  plan to create a social fund aimed at supporting various projects that will create job opportunities for rural youth and transform India’s Industrial Training Institutes (ITIs).  PanIIT Alumni, which conducted the PanIIT 2008 Global Conference from 19-21 December, is working on three important projects in India – Indo-US collaboration for Engineering Education (IUCEE)IITians for ITIs, and Reach 4 India.

Quoting from the article about IITians for ITIs:

Ranjan Kumar, coordinator (India), IITians for ITIs project said the project was initiated by IIT alumni in association with Confederation of Indian Industry (CII’s) Southern Region and academia to push for sustainable excellence in technical/vocational training in India by creating institutions similar to the IITs, but focused on vocational education and highly-skilled workers.

As part of the phase I, over the next two years, around 40,000 students will be trained from around 300 government ITI institutes. It has also decided to set up a 24X7 call centre in one of the southern states to connect the workers with the experts and the industry.

This piece of news comes at a time when I have come across two interesting articles. One article published in Businessworld carried the byline “As IITians bring global glory, bright engineers from lesser-known institutes build the country.” Though the article was more about how engineers from “second-rung” colleges were the ones actually contributing to India’s infrastructure, it does bring questions related to contribution of IITians towards their nation’s growth. The second article is about a survey conducted by IIT alumni.

The brain drain has stemmed to a great extent, even leading to claims of reverse brain drain. I feel that the social entrepreneurship sector in India has just started gaining momentum and could benefit a lot by the entry of experienced IIT alumni and also of socially concious new passouts. In this context, I find initiatives like E4SI (Engineers For Social Impact) and MADD (Making A Difference Differently) trying to ensure that social development space gets the top talent it requires.

TC-I Tidbits

  • Technology and Education: IIT and YouTube have tied up to post video lectures for undergraduate engineering courses online.
  • Health:
    • According to a WHO survey, the Indian workforce is on the whole pretty unhealthy. 47% of workers were overweight while 27% suffered from hypertension.
    • Abhijit Banerjee, an economist from MIT, said that the country’s maternal and child health is worse than that of Sub-Saharan Africa. As a result, nearly half of the country’s children aged below five will suffer from stunted growth.
  • Economic Development: A World Bank study revealed that Orissa has made a positive fiscal turnaround in the last six years and lifted 3 million people out of poverty.
  • Education: With a view to harness skill potential across the country 1,500 more Industrial Training Institutes (ITIs) and 50,000 Skills Development Centres will be set up under the proposed ‘Skills Development Mission’ of the Government of India. [Source: iGovernment]

$13 billion annually for education outsourcing?

A study recently released by the Hindustan Times estimated that $13 billion a year are spent by Indian students abroad for higher education. Atanu Dey tried to frame this number into more tangible terms.

Let’s pause for a moment and figure. $13 billion every year. Or in the last 10 years, about $100 billion. Imagine what you could buy for that money. How about 100 colleges with first class infrastructure with housing, classrooms, labs? Each year India could have an additional capacity for 10,000 college students and in 10 years you could have 100,000 additional capacity. Imagine the multiplier effect of that spending — in construction, in salaries to teaching and non-teaching staff. Imagine the boost to the industry from creating human capital. The imagination boggles at the sheer waste.

The issues here are complex, but the article highlights that over 90% of people rejected at an IIT is due to capacity considerations. Moreover, higher education in India is subsidized while students are forced to pay full market prices when they study abroad. The article suggested deregulation as a potential solution.

Deregulation of higher education in the country will result in creating annual revenues of 50-100 billion dollars, besides providing 10-20 million additional jobs in the field of education alone, the chamber said. India has only 27,000 foreign students, as compared to four lakh in Australia.

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