IIT Madras Tops in In­dus­trial Con­sul­tancy Projects, Earn­ings

In 2015-16, IIT Madras had 737 projects and re­ceived ₹ 63.15 cr as con­sul­tancy fees

The Economic Times - - Careers: The Fast Track -

Sreer­adha D Basu

Mumbai: The In­dian In­sti­tute of Tech­nol­ogy Madras has been go­ing all out to pro­mote a col­lab­o­ra­tive en­vi­ron­ment be­tween in­dus­try and academia, a move that has helped it bag a sig­nif­i­cantly higher num­ber of in­dus­trial con­sul­tancy projects.

Ac­cord­ing to Na­tional In­sti­tu­tional Rank­ing Frame­work (NIRF) -2017 data shared by IIT Madras, the in­sti­tute leads among the top five IITs in terms of both in­dus­trial con­sul­tancy projects as well as earn­ings through that route. In 2015-16, IIT Madras had 737 projects from 383 clients and re­ceived ₹ 63.15 crore through in­dus­trial con­sul­tancy earn­ings. The num­ber of con­sul­tancy projects in­creased 26% com­pared to that in the pre­vi­ous year.

IIT Bom­bay had more clients (438) in 201516, but it bagged fewer projects (591) than IIT Madras and earned ₹ 35.14 crore. IIT Delhi had 428 projects from 305 clients, earn­ing ₹ 39.95 crore through in­dus­trial con­sul­tancy in 2015-16.

“For the last few years, we have been ac­tively try­ing to breach the phys­i­cal gap be­tween IITs and in­dus­try and the IIT Madras Re­search Park has had a sig­nif­i­cant role to play in this. In 2016-17, we had com- mit­ments of ₹ 80 crore, of which ₹ 70 crore has been re­alised,” said Kr­ish­nan Bala­sub­ra­ma­nian, dean, in­dus­trial con­sul­tancy and spon­sored re­search (IC&SR), IIT Madras. “We have about 40 com­pa­nies who have their re­search fa­cil­i­ties in our park now. By the end of 2018, that num­ber should al­most dou­ble.”

IIT Madras Re­search Park is an in­de­pen­dent com­pany pro­moted by IIT Madras and its alumni that fa­cil­i­tates the pro­mo­tion of re­search and devel­op­ment by the in­sti­tute in part­ner­ship with in­dus­try. It helps com­pa­nies with a re­search fo­cus to set up a base in the park and lever­age the ex­per­tise avail­able at IIT Madras. Phase 1 of the park was about 400,000 square feet and the just-added Phase 2 will take it up to 1.3 mil­lion-plus sq ft.

“We have just signed an agree­ment with Robert Bosch En­gi­neer­ing and Busi­ness So­lu­tions to set up a re­search cen­tre to ad­dress data sciences and ar­ti­fi­cial in­tel­li­gence. Tata Steel is also just com­ing on board af­ter sign­ing an MoU (mem­o­ran­dum of un­der­stand­ing) with us last year to start an ad­vanced ma­te­ri­als re­search cen­tre. There are sev­eral other com­pa­nies as well that are set­ting up their niche labs here,” said Bala­sub­ra­ma­nian.

Among the com­pa­nies that al­ready have a pres­ence in the park are Saint Gobain, TCS, Amada, BHEL and Cater­pil­lar.

A mar­ket­ing team is in place to get more com­pa­nies on board. “We have cre­ated two of­fices: devel­op­ment of­fice and in­dus­trial re­la­tions of­fice, and pop­u­lated it with peo­ple with 10-15 years of ex­pe­ri­ence in in­dus­try. These peo­ple are the go-be­tween be­tween the clients and the fac­ulty to com­mu­ni­cate ex­actly what the former ex­pect,” said Bala­sub­ra­ma­nian.


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