SAMBALPUR: Chief Minister Naveen Patnaik laid thrust on innovation-based entrepreneurship and urged the students to convert innovative ideas into sustainable business models. Addressing the 2nd convocation of Indian Institute of Management-Sambalpur (IIM-S) here on Sunday, Naveen advised the students of the B-School to build up their potential by converting innovative ideas into sustainable business models in order to create socio- economic values for the society and the country.
The Chief Minister also said IIM-S is growing fast and is positioning itself as a centre of excellence in innovation and entrepreneurship. The IIM-S should take the lead in developing centres of excellence for start-ups and incubators. All these efforts at IIM-S will go a long way in fostering the community’s entrepreneurial climate by means of business creation and retention, technology commercialisation and creating jobs and wealth. He told the students that the nation looks up to them not only as able managers but also as social entrepreneurs who work to change the world into a better place.
Chairperson, Board of Governors of IIM-S, Arundhati Bhattacharya said IIM-S has made a remarkable growth in the last three years. The temporary campus has been shifted from a private institute to Sambalpur University. The IIM-S has earned a reputation for itself in a short span of time because of its academic excellence, development of professional business acumen and endeavor towards socially inclusive growth, she said.
Bhattacharya said knowledge and skills, and more importantly, the professional and ethical values that IIM-S has taught them would go a long way in making the students successful business leaders and responsible citizens.
Director of IIM-S, Mahadeo Jaiswal, said the IIM Act, 2018 has been enacted after passing of the bill in Parliament. The Act is landmark for the management education in India. With this, IIMs have been declared as institute of national importance and hence can confer degree instead of diploma to its students, he said.
Altogether, 45 students received their certificates during the convocation. Moreover, three students were awarded gold medal in three different categories. After completion of the convocation, Chief Minister announced ` 23 crore for Sambalpur University for development of a stadium, an auditorium and renovation of hostels.