Ahmedabad University has partnered with Centre for Technology, Innovation and Economic Research (CTIER) to launch ‘R&D Managers of the Future’, an online program for middle and senior R&D professionals.
The 3-months-long online weekend program has been designed and will be taught by faculty from Ahmedabad University, IIM Bangalore and IIM Ahmedabad, and several global R&D leaders.
Speaking on this development, Ahmedabad University’s Vice-Chancellor Professor Pankaj Chandra, said, “We understand the multi-layered challenges faced by today’s R&D managers in India including building credibility and trust in the products that they develop, operational bottlenecks/functional silos, identifying and nurturing talent, commercialization of R&D, and creating linkages between corporate strategy and R&D strategy, among others. By strengthening capabilities of R&D leaders and the R&D teams in India, we can significantly enhance the innovation output of our organizations and the economy at large.”
Naushad Forbes, Co-Chairman, Forbes Marshall and Chairman, CTIER, said, “In particular, Indian industry invests less in in-house R&D than our peers elsewhere. This is true across all sectors. We invest 0.3 percent of GDP in in-house R&D to a world average of 1.5 percent. At the same time, we have an abundance of talent available to us in the form of qualified engineers. How do we build the capability in our firms to make the right investments in technology? How do we formulate and select the right R&D projects that will deliver differentiated capabilities? To address these questions, we have developed this unique executive development program along with Ahmedabad University. The program has been designed with inputs from industry and R&D leaders.”
The program will help managers build strong strategic thinking around innovation and R&D.
The program is relevant for professionals in Manufacturing, Automobile, Automotive Components, Automation, Semiconductors, Electronics, Pharmaceuticals & Chemicals.
According to CTIER, India’s industrial R&D expenditure was USD 6.8 bn and remains low by global standards. The combined expenditure by Indian industry ranks lower than the top 20 global R&D spenders. Indian industry is present in just 5 of the top 10 global R&D sectors.
At the same time, the vibrant start-up ecosystem has seen India emerge as one of the top destinations after the US and China for venture capital financing.
Successful participants of the program will be awarded a certificate of completion signed by Ahmedabad University and CTIER. R&D Managers of the Future is a part of Ahmedabad University’s Continuing & Executive Education suite of programs. The application deadline for the program is February 16.