Aspiring Innovators Take Note: ICT Mumbai Launches a New MBA IEV Program

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Admin | Content Curator Updated : May-08-24

Aspiring Innovators Take Note: ICT Mumbai Launches a New MBA IEV Program

The Institute of Chemical Technology, or ICT Mumbai, is embarking on a new venture of its own. This coming academic year (2024–25), ICT will launch a unique two-year Master of Business Administration (MBA) program focused on innovation, entrepreneurship, and venture development (IEV).

ICT has never offered a curriculum like this before because it has traditionally concentrated on engineering degrees. Specifically for graduates in engineering and technology, the MBA IEV is intended to close the knowledge gap between technical proficiency and business acumen. To be eligible for admission, applicants must have passed the Maharashtra MBA/MMS Common Entrance Test (CET).

Professor Aniruddha Pandit, Vice-Chancellor of ICT, emphasizes the program's focus on fostering future business leaders: "We don't want to follow the conventional path of a management course; this course will be unique and give students the opportunity to become entrepreneurs."

The cutting-edge program emphasizes practical learning. Following their first two semesters, students will take part in a three-month immersion course that goes beyond fundamental business concepts. They will be able to apply their knowledge in practical situations through this fieldwork experience, which might even inspire ideas for their own business endeavours.

Additionally, the program makes use of ICT's current network. Professors of ICT will be joined by educators from other prestigious universities, such as the Tata Institute of Social Sciences (TISS) and the Jamnalal Bajaj Institute of Management Studies (JBIMS). In order to give students important insights from the industry, ICT also intends to host guest lecturers who are successful alumni entrepreneurs.

With its focus on practical experience and distinguished faculty, the ICT MBA IEV promises to be a valuable stepping stone for aspiring innovators and entrepreneurs.