Friday, June 12, 2020

IIM Sambalpur takes another disruptive leap, signs MOU with India SME Forum to nurture future entrepreneurs of India

~ Becomes the first new age IIM in India to sign for Leadership and Intrapreneurship Fellowship for Enterprises through a digital conference ~

11th June 2020, Sambalpur: IIM Sambalpur, one of the most promising and dynamic management institutions among the third generation IIMs of the country announced the signing of Memorandum of Understanding (MOU) with India SME Forum. The Mission of India SME forum is to foster the development of a flourishing entrepreneurial culture and a competitive SME sector to support economic development, which conjugates with IIM Sambalpur’s vision of creating entrepreneurs and future business leaders. In this disruptive era, IIM Sambalpur, has built a strong foundation around 3D’s (Digitalisation, De-carbonisation and Democratisation of Business), the institution is prepared for this post-digital era, following a model of blended pedagogy, combining the advantages of both online and traditional classroom education. To make learning avant-garde this MOU will prepare their students under the able supervision of India SME Forum whose members will mentor them towards Leadership and Intrapreneurship Fellowship for Enterprises. The MOU was signed through a virtual conference in the august presence of Prof. Mahadeo Jaiswal, Director IIM Sambalpur and renowned Brand & Marketing Guru, Mr Prahlad Kakkar, Chairman, India SME Forum by Ms. Merlin Nandy, Chair, SME Incubation, IIM Sambalpur and Ms Sushma Morthania, Director General, India SME Forum and Asian Centre for Economic & Entrepreneurship Development and Education (ACEEDE), also present were Mr J.S. Juneja, Vice Chairman, India SME Forum, Mr Vinod Kumar, President, India SME forum and Mr D.K. Bakshi, CEO, Global Talent Company Ltd. and Mr. Mahesh Kumar, Sr. Admin Officer, IIM Sambalpur.

Speaking about the signing of the MOU, Prof. Mahadeo Jaiswal, Director, IIM Sambalpur, said, “This association is a big step towards educating, mentoring and inspiring the willing and able start-ups and SMEs that have the potential to be world class enterprises. This will also offer then the platform to imbibe global best practices for sustaining long term growth. As part of the MOU, IIM Sambalpur in collaboration with the India SME Forum will develop and conduct programs on leadership and entrepreneurship development for SME, SC/ST, Women Executives/ Enterprises across sectors in the country. Our country needs new business leaders with renewed vision and ability to challenge the normal, this is a giant leap towards achieving that objective. IIM Sambalpur has earlier signed MOU with Ministry of MSME, Govt. of India and launched SME Incubation Centre with the vision to promote startup and entrepreneurship.”

Ms. Sushma Morthania, Director General, India SME Forum and ACEEDE, stated, “We are glad to associate with a dynamic new age management institute like IIM Sambalpur. The MOU will facilitate the mutual sharing of best practices and expertise in creation of new entrepreneurs in the country. With over 76,000 members and over 5,00,000 registered SMEs, India SME forum is today India's largest SME Initiative. Our experience can guide the aspirants and provides optimal framework for learning, allowing significant benefit for many graduate students, both academically and in terms of setting them apart in the job market.”

The Asian Centre for Economic & Entrepreneurship Development & Education, is an integral part of the India SME Forum’s objective to enable entrepreneurship for a widespread economic impact.  India SME Forum is among the three national MSME organisations to find place on the Advisory Committee of the Ministry of MSME, Government of India. The Forum is an ex-officio gazetted member of India's National Board of MSME, the apex MSME Statutory Body, since 2015, a Member of the High Powered Monitoring Committee of the National SC/ST HUB under Stand Up India and a Member of the RBI's Standing Advisory Committee on Flow of Institutional Credit to MSME Sector, apart from contributing to various national and international think tanks, on the MSME & Entrepreneurial ecosystem.

About Indian Institute of Management Sambalpur:
Indian Institute of Management Sambalpur (IIM-S) is one of the most promising and dynamic management institutions among the new generation IIMs of the country located in Sambalpur, Odisha, India. IIM Sambalpur was established by MHRD, GOI in 2015 and was declared as an Institute of National Importance as per the IIM 2017 Act. The Institute is already taking positive steps since its inception as a place for Entrepreneurial Innovation and Experiential Learning. Located amidst hills and rivers surrounded by large number of big manufacturing industry, IIM-S currently offers full time Master in Business Administration (MBA) and PhD programs and more courses to be added in near future. The Institute outscores all other IIM’s in terms of its gender diversity and its unique experiential learning pedagogy called “Flipped Classroom”.

About India SME Forum: The India SME Forum is India's only non-profit, non-political, non-governmental & non trade association, initiative for Small and Medium Entrepreneurs. Founded in May 2011, for nurturing entrepreneurship and supporting innovative, globally competitive, SMEs in India, India SME Forum works on enabling them to share best practices, addresses their concerns and celebrates their success. The Executive Board of India SME forum has Mr. Prahlad Kakkar, renowned Brand & Marketing Guru, Mr. T. R. Bajalia, Ex- Dy M.D. of SIDBI and ED-IDBI, Dr. J. S. Juneja, Ex-Chairman & CEO of NSIC, Mr. Parag Patki, Ex CEO SMERA, Mr. Ajay Thakur, Head-BSE SME, Mr. Vinod Kumar, Managing Partner, SDRC India Advisors, Mr. Hemendra Mathur, MD SEAF India & Mr. K. V. Srinivasan, CEO Reliance Commercial Finance, all stalwarts and luminaries of India's Small and Medium Entrepreneurship movement. The India SME Forum has a valued country wide network of over 250 advisors, consultants, experts and mentors. The Mission of India SME forum is to foster the development of a flourishing entrepreneurial culture and a competitive SME sector to support economic development. Starting out with 400 members in 2011, today we have over 76,000+ MSMEs as members, 270+ Sectoral & Regional Associations as Supporters and 35 major banks, corporations & organizations as partners.

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