In a move that is likely to help create a large number of job-givers in the country, the Indian Institutes of Technology (IITs) will now be teaching entrepreneurship in the classroom. Come 2015 and IITs at Delhi, Kharagpur and Hyderabad will launch minor as well as elective courses on entrepreneurship.
Moreover, the IITs at Madras, Mumbai, Gandhinagar, Kanpur, Patna and Mandi are also working towards including entrepreneurship in their curriculum. IIT-Madras is even raising a startup fund.
According to information compiled by PitchBook Data, a US-based private equity and venture capital research firm, IITs are ranked fourth on a list of 50 best entrepreneurial undergraduate institutes in the world. In fact, IITs have always produced successful entrepreneurs, which include well known companies like Flipkart and Snapdeal.
Ajai Chowdhry, a founder member of HCL, who also teaches the subject at IIT-Hyderabad and is the chairman at IIT-Patna, said, “With a subject like entrepreneurship being taught by actual entrepreneurs, it will help, support and guide young entrepreneurial ventures in the right direction. It could play a crucial role in reducing the number of failed start-ups.”