Establishing New Universities: IIMU Experience

Janat Shah Janat.shah@iimu.ac.in

Structure of the presentation

Where are we? What are our future plans? What keeps us awake at night? What are our learnings?

Status of IIMU
We operate from Mohanlal Sukhadia university premises
Started PGP programme with batch size of 60 Next year we would operate with two sections: 120 students

We manage our PGP with visiting faculty ( depending lot on IIMB friends). We have recruited 9 full time faculty: 5 faculty members have joined and balance would join in next few months. We have 250 acres of litigation free land and we hope to start construction work by next year and would move to new campus by 2014 June

MHRD Model for new IIMs/IITs

Central Govt to provide recurring grant for initial years of operations. Campus development and initial upfront investment ( Temporary premise) to be funded by GOI. State govt. to provide land to the proposed institute. Start operations in temporary premise Mentor institute to provide support( Run the institute) at the initial stage. BOG & Mentor institute to be in place before director is appointed
BOG and Mentor institution not involved in the selection process

IIMU : Future Directions

IIMU Vision 2020
Perspective Plan

Innovations in programme design Faculty Sourcing: Recruitment & Retention of high quality faculty Setting up centers for excellence

IIM Udaipur: Vision 2020

By 2020 IIM Udaipur will be one of the top five management institutions in the country known for its excellence in teaching and research. IIM Udaipur would operate at a scale which would make an impact on Indian Economy: 1000 students ( PGP +FPM) by 2020 Build a Humane organization Build a world class campus
Energise faculty and students Sustainability as a key theme Blend with Udaipur Architecture

Key Challenges Ahead

Faculty : Recruitment & Retention Building right culture
Faculty governed institute Performance Management systems

How do we encourage meaningful/impactful research ? How do we raise aspiration levels of students and faculty How do we focus on soft skills in our curriculum? How do we Build Humane organisation at IIMU?
Inclusive approach: Staff and vendors

How do raise fund for faculty developmene?

Innovations in Programme Design: MBA as Transformation Programme

Global Immersion: Apart from an exchange programme for the first batch itself, we also would offer international business in practice in second year where students would work on live projects in international setting. Rural Immersion: Planned in collaboration with local NGOs (Udaipur has several high quality NGOs) wherein students spend a few days in rural areas to become social entrepreneurs and look at the bottom of pyramid as customers and producers. Industry Linkage: Students would work with local small and medium industries on live projects and in the process hone their consulting skills and contribute to local industries. Commitment to Diversity: IIMU believes that diversity should be integral to the institutions achievement of excellence. This is reflected in our admission policy announced for the forthcoming year. Industrial Mentor : Each student has a mentor who is IIM MBA with ten years experience Distributed Leadership : Create opportunity where every individual gets an opportunity to develop leadership capabilities.

IIMU: Centres of Excellence

Centres of excellence would allow us to make substantial intellectual contribution in few focused areas. IIMU plans to set up three centres of excellence
Center for Development Management ( Udaipur has high quality NGOs and IIMU can work in partnership with NGOs) Centre for Tourism ( Taking advantage of Udaipur Location) Center for entrepreneurship and Innovation

Faculty Sourcing and Retention

Innovative Faculty sourcing
Faculty not in Residence : Upto 20% faculty would have a base outside Udaipur Encourage senior Industry executives to Join academics: IIMU would help them in getting PhD.

Research Incentive schemes Teaching and research ( International ) mentors Create Research Chairs IIMU need to create endowment fund to support research

Learnings
Building education institute is twenty year journey but what one does in initial years has huge impact For building high quality education institute you cant find better investor than government Focus on
Values Culture Communication Partnerships

& hope that luck is on your side!

Questions?