BWI: UNIKEN and CIIE (IIM-A) to Set Up Technology Innovation and Entrepreneurship Labs in India

Press release from Business Wire India
Source: UNIKEN
Tuesday, June 01, 2010 03:01 PM IST (09:31 AM GMT)
Editors: General: Consumer interest; Business: Accounting & management consultancy services, Advertising, PR & marketing, Business services, Education & training, Information technology; Technology
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UNIKEN and CIIE (IIM-A) to Set Up Technology Innovation and Entrepreneurship Labs in India


Pune, Maharashtra, India, Tuesday, June 01, 2010 -- (Business Wire India) -- Uniken, a leading technology innovation company and Center for Innovation Incubation and Entrepreneurship (CIIE), an initiative of the Indian Institute of Management (IIM) Ahmedabad - one of the top ranking b-schools globally, have joined hands to create the first technology innovation and entrepreneurship program of its kind in India.

"This program, called Technology Innovation and Entrepreneurship Labs (TIEL), is targeted primarily at engineering colleges and aims to provide budding innovators an ecosystem for developing their innovations and commercializing them", said Sanjay Deshpande, Chief Innovation Officer, Uniken. "TIEL is based on Massachusetts Institute of Technology's (MIT, USA) FABLAB concept. Incidentally, the first one to be set up outside the MIT campus was at Dr. Kalbag's Vigyan Ashram in Pabal, near Pune. TIEL would assist innovators in first shaping their ideas around a problem they have identified, and then developing a unique solution from those ideas, that resolves that problem. This Lab would further assist these innovators in prototyping that solution and formulating a business plan or case study around the same."

The Business Innovation Center of Uniken would then take over the solution and explore the models for commercializing the innovation along with the innovator or entrepreneur. Those who wish to partner and explore this avenue would be provided mentoring and support by the TIEL program, ably guided by the leading names in the technology and innovation space in India.

Speaking on the launch of this program, Pranay Gupta, Co-CEO of CIIE, elaborated that "The importance of innovation in India cannot be over emphasized. Developed countries today are already looking at India as the next generation innovation lab. TIEL is an opportunity for educational institutes to start developing the innovation mindset amongst its students. Both Uniken and CIIE are committed towards developing an innovation ecosystem in India and we will leverage our respective expertise in running this program."

ABOUT UNIKEN

Uniken is a product and technology innovation company having significant expertise in the areas of Embedded Systems, Internet security and Biometrics. Started in 2003 by senior professionals from Infosys, GE, TCS & Motorola, today we have a team of more than 70 product designers and engineers, technologists and researchers working out of our Corporate Office (Florida, USA) and Innovation Center (Pune, INDIA). Over the past few years, we have developed cutting-edge technologies, filed patents and built IPs, and managed to successfully create an evolving, dynamic and self-sustainable innovation ecosystem. We have also initiated an in-house 'Innovation Program' and started a Research Fellowship Program to develop new ideas and prototypes for future technologies, products & services.
For more details, visit www.uniken.com (Thought-papers & articles are featured under the section 'Viewpoint'.)

About CIIE

Center for Innovation Incubation and Entrepreneurship (CIIE) is the business incubation center at Indian Institute of Management, Ahmedabad. For more details, visit www.ciieindia.org.


CONTACT DETAILS
Gautam Jayaraman, VP - Business Development, UNIKEN, +91 9552562788/ +91 (20) 66427970 / 71, gautam.jayaraman@uniken.com

KEYWORDS
CONSUMER, CONSULTANCY SERVICES, MARKETING, BUSINESS SERVICES, EDUCATION, IT, TECHNOLOGY

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