· Great Lakes Institute of Management, Chennai is one of the four B-Schools in the country to receive this grant
· The event was graced by Dr Ramanan Ramanathan, Mission Director of Atal Innovation Mission, NITI Ayog, Dr. TV Somanathan I.A.S, Principal Secretary, Planning & development, Government of Tamil Nadu, Mr. Shailendra Tipparaju Vice Chairman, Advisory Board – AGBI, Founder-Colosseum Group &President TIE Chicago and Mr. Arvind Purushothaman, SVP & Head, Cloud and Data, Virtusa
· AGBI-Virtusa Centre of Excellence (CoE) in AI-ML and IoT was also inaugurated and an MoU was signed
18 November 2019, Chennai: Great Lakes Institute of Management, Chennai, a premier B-school in the country in association with Atal Innovation Mission today launched Atal - Great Lakes - Balachandran – Incubation (AGBI) Center in its premises. Great Lakes Institute of Management, Chennai is one of the only four B-Schools in the country to receive this grant.
The facility, of over 10,000 sq. feet was inaugurated in the presence of Padmashree Dr Bala V Balachandar, Founder, Chairman of the board & Dean Emeritus, Great Lakes Institute of Management, Mr. Mohan Lakhamraju, Vice Chairman & CEO, Great Lakes Institute of Management and Dr Suresh Ramanathan, Dean & Principal, Great Lakes Institute of Management. The event was also graced Dr Ramanan Ramanathan, Mission Director of Atal Innovation Mission, NITI Ayog, Dr. TV Somanathan I.A.S, Principal Secretary, Planning & development, Government of Tamil Nadu, Mr. Shailendra Tipparaju Vice Chairman, Advisory Board – AGBI, Founder-Colosseum Group &President TIE Chicago and Mr. Arvind Purushothaman, SVP & Head, Cloud and Data, Virtusa
Sharing his thoughts on the new incubation center, Dr Bala V Balachandar, Founder, Chairman of the board & Dean Emeritus, Great Lakes Institute of Management, said, “At Great Lakes Institute of Management, we strive to make an impact in the competitive world by doing things differently. The launch of this incubation center is a dream come true for me. Great Lakes would be one of the first B-Schools and perhaps the first in the world from where entrepreneurs will graduate. We will succeed with humility, integrity and character. We will bring all our forces together and achieve more. ”
Speaking on the launch of AGBI, Dr Ramanan Ramanathan, Mission Director of Atal Innovation Mission, NITI Ayog, said, “It is a matter of great pride and honor for me to be here. India is a country of 1.3bn people, out which 115mn youngsters will be joining workplaces in the next 5-10 years. As technology makes progress every day, the cost of innovation is coming down, thus creating virtually zero cost for fostering ideas. With technology, we can re-imagine the world one is living in. It is important to take up entrepreneurship to make a mark in the world whilst contributing to the betterment of the society. India needs socio-economic progress, which can be achieved by start-ups that aim at solving problems. Goal of education should not be job seeking, but problem solving. With Atal Innovation Mission and Great Lakes partnership, we hope to give wings to ideas that will make a difference in the lives of people. ”
Dr. TV Somanathan I.A.S, Principal Secretary, Planning & development, Government of Tamil Nadu, said, “A few years ago words like Angel, Incubator and Unicorn just had only dictionary meaning, today they are all terms used in the start-up industry. India has today become a hub of start-ups and the sector is thriving. India ranks 3rd in most number of business incubators after China and the US. Amongst a large number of start-ups in the country, it is important that we focus & nurture ideas that will have a positive social impact.”
Another interesting development is the collaboration between Great Lakes Institute of Management and Virtusa named, “The AGBI-Virtusa Centre of Excellence (CoE) in AI-ML and IoT”. Virtusa signed an agreement MOU to fund a part of the total cost of the lab over a 3-year period, beginning November 2019, amounts to be mutually agreed on the merits.
“Innovation has been thriving. Virtusa, Great Lakes Institute of Management and the Great Lakes incubator are synergistically aligned. It is proposed that the collaboration between the organizations culminate in the setting up of a design lab comprising of an AIM-LAB – a Lab devoted exclusively to leveraging technologies such as AI, IoT, ML, Algorithmic Analytics and Blockchain, and a prototyping lab. We hope to make the best out of this fruitful partnership.” said, Mr. Aravind Purushothaman, SVP & Head, Cloud & Head, Virtusa.
The new block, which will house the incubation center, is named ‘ARR Lakhamraju Block’ in fond memory of (Late) Mr. ARR Lakhamraju, father of two members of the board of Great Lakes, Mr Mohan Lakhamraju and Mr. Gautam Lakhamraju. The event was be attended by alumni of Great Lakes along with various successful entrepreneurs whose ideas were conceptualized in the incubator.
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