Good industry links may soon fetch more funds for tech institutes

A robust linkage with the industry could soon fetch engineering institutes more funds or grants.

Written by Mihika Basu | Mumbai | Published:May 28, 2012 12:12 am

A robust linkage with the industry could soon fetch engineering institutes more funds or grants. The All India Council for Technical Education (AICTE) will soon launch an initiative where it will grade engineering institutes based on the extent of their interaction/collaboration with the industry.

Through this project,an expert jury will select and grade the top three institutes,the top three departments and the first three faculty from across the country and set them as a benchmark for others. In this process,said AICTE chairman S S Mantha,the top 100 institutes will be rated and “marked” for more funds.

“We are coming up with a new methodology of grading institutes based on their interaction with the industry. Academia-industry partnership is crucial and through this initiative,we will be able to find out how best the industries are interacting with the institutes and how well the institutes are doing in terms of their industry linkages and projects. We will launch it in the next few days and the pilot project will be available for only those engineering colleges that have civil,mechanical,electrical,computer science and electronics engineering departments. We plan to extend it to other technical institutes like pharmacy,management and architecture later,” said Mantha.

The initiative,which will be an annual feature,is in collaboration with the Confederation of Indian Industry (CII). It will be applicable for engineering institutes that have been in existence for 10 years,including university departments and any institute of national importance.

Besides being eligible for more grants from the government,the 100 institutes could also get equal grants from the industry. “We are currently working on getting matching grants from industries,both in the public and private sectors. We are approaching them through the CII,” said Mantha.

The AICTE will call for submission of forms online. Institutes will be given time till August to submit their applications and results are expected to be declared by September. Since the scheme is currently being kept voluntary,the Council said even if some institutes choose not to apply,it will help identify colleges that are lagging in industrial relations and partnerships. “Suitable intervention can be subsequently drawn up for such engineering institutes that are outside this system,” he said.

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