Hero Group and Birmingham City University are collaborating to establish the Munjal BCU School of Innovation and Entrepreneurship (MBSI) to promote innovation and entrepreneurship in the State of Punjab.
Although many students study in Punjab, they emigrate to other countries in search of better opportunities because the quality of training and education on offer is perceived to be sub-standard compared to other industrialised states.
It’s hoped the Munjal-BCU School of Innovation and Entrepreneurship (MBSI) will help to change this perception by re-designing the higher education offering to provide more meaningful student outcomes.
MBSI plans to take a STEAM-oriented (Science, Technology, Engineering, Arts and Mathematics) approach to higher education. The idea is to use the strengths of each of these streams to power innovation and productivity. To do this effectively, MBSI proposes to collaborate with some of the well-established names in pioneering STEAM-based higher education around the world.
STEAMhouse, pioneered by Birmingham City University,is designed as a centre for innovation, research, and creative production where technology, art, and design are used to nurture innovation and creativity.
Professor Julian Beer, Deputy Vice-Chancellor at Birmingham City University, said: “After nearly nine months of negotiations I am delighted to announce that Birmingham City University and the Hero Group, through the Munjal Foundation, are working towards establishing the Munjal – BCU Centre of Innovation and Entrepreneurship in 2020, which is effectively our STEAMHouse in India.
“STEAM has the ability to transform economies across the globe and by developing this way of thinking and this way of working we can make a real difference to businesses and communities worldwide, and this partnership is a real step forward in this journey.”
Punjab is home to around 50,000 SMEs although many are managed by third and fourth generation entrepreneurs, a significant number still exist as SMEs and are typically characterised by low levels of innovation and technology. One possible reason for this inability to scale is the lack of a platform to come together, discuss and develop opportunities to scale up, perform R&D, practice innovation and re-visit business models necessary in a rapidly changing world.
The proposed MBSI aims to establish a common, independent platform that facilitates innovation and builds an entrepreneurship ecosystem in the state.