SRM Institute of Science & Technology signs MoU with Intellect and School of Design Thinking to build a culture of Innovation and Entrepreneurship amongst Faculty and Students
Collaboration will facilitate the creation of ‘India’s first-of-its-kind full-fledged Design Center’ in an Educational Institute
Aim to prepare the boundary-less career opportunities for the interested and capable students
Chennai, February 21, 2020: Higher education is in the era of conversion; and like Albert Einstein notably said, “No problem can be solved by the same kind of thinking that created it.” Keeping that in mind, along with the changing student demographics and new technologies, Universities are expected to reconsider their curriculum. Design Thinking offers important pathways for shaping these important new models and offers a deliberate, structured process for solving problems and fostering innovation.
SRM Institute of Science and Technology (SRM IST), one of the top ranking universities in India, Intellect Design Arena Ltd, a global leader in FinTech which pioneered Design Thinking for cutting-edge products for Banking and Insurance and School of Design Thinking (SoDT); committed to creating awareness in the society at large about Design Thinking as a Human-centered approach, today entered into a tripartite Memorandum of Understanding (MoU) to promote Design Thinking amongst the faculties and students of SRM IST. Prof. N. Sethuraman, M.A., M.Phil., Ph.D, Registrar, SRM Institute of Science & Technology, Dr. Sandeep Sancheti, Vice Chancellor, SRM Institute of Science & Technology, Mr. Arun Jain, Chairman and Managing Director, Intellect Design Arena Ltd and Dr. Anbu Rathinavel, Head and Co-founder, School of Design Thinking Pvt. Ltd. graced the occasion and shared the details of the collaboration.
The collaboration of SRM IST, Intellect and SoDT will help in creating ‘India’s first-of-its-kind full-fledged Design Center’ in an Educational Institute. Intellect which has launched the 8012 FinTech Design Center – the world’s first Design Center dedicated to Financial Technology, brings its expertise in building the center in SRM IST to train, mentor faculties & students on Design Thinking and also to nurture their entrepreneurial mindset for startup incubation.
School of Design Thinking has been credited with framing India’s first program on ‘Design The Thinking®’ tailor made for the academics and offered from an industry. Its flagship program aims not only to benefit the students in the long run but eventually acts as a Self-Development Program for the faculty members of college. Additionally, SoDT also conducts specific programs for students.
Speaking on the occasion, Dr. Sandeep Sancheti, Vice Chancellor, SRM Institute of Science & Technology said, “We are happy to partner with Intellect and School of Design Thinking. We are embracing the principles of transformation by bringing in Design Thinking in our academia. Design Thinking would help students hone the skills and literacies highly valued in today’s world, including the ability to tackle tough challenges and thinking outside the box.”
Arun Jain, Chairman and Managing Director, Intellect Design Arena Ltd. and an evangelist on Design Thinking said, “This association with SRM IST will help inculcate the tenets of Design Thinking which will help shape the leaders of tomorrow. Our objective is to elevate the educational institution’s thinking to be on par with the global institutions, in terms of research, latest pedagogy and creating curiosity in the minds of students. The collaboration with SRM IST will only continue to focus on our indigenous Design Thinking Process & Design Tools; we will also ensure that Design Thinking will become a life-skill to instill a 10x aspiration mindset for the faculty and students alike.”
“Design Thinking, a problem-solving approach, is a game-changer; a way to get ahead and stand out in a crowd. It helps answer the question ‘why’; and once the reason is found, one is at the cusp of a solution, a breakthrough. The ability to change our viewpoint from our own to that of the user — to visualise, think, and feel what the user is going through is the key to Design Thinking. Basically, unlearn what we have learnt all these years on problem-solving,” says Dr. Anbu Rathinavel, Head and Co-founder, School of Design Thinking Pvt. Ltd.
Some of the significant highlights of the collaboration:
- Master Trainer Program on Design Thinking and nurturing the entrepreneurial mindset, Faculty Development Programs for SRM IST Faculties and subsequent certification of students by SoDT
- Conduct Large Scale Intervention Program for the students currently moving to 3rd / 4th year in an academic year (300 students per batch at institute’s premises)
- Conduct 3-credit Design The Thinking® course for students moving to 1st year and 2nd year in an academic year subject to SRM IST Academic Council Approval
- Providing the required amenities for conducting the course by SRM IST faculties
- Sponsoring the Social Impact projects of critical importance, which would be carried out at SRM IST’s Design Thinking Club or at premises of Intellect or partly at SRM IST and partly at Intellect
- Interning competent certified students ideating High Impact Projects at SoDT
- Select top performers from the Design Thinking Club to be included in i-Innovate program to be conducted by SoDT to nurture and crystallize the entrepreneurial ideas of students
- Inculcate the 10X growth mindset for the leadership team
- Explore the possibility of creating / conducting co-branded diploma courses on Design The Thinking® for industry seniors and other premier institutes
About SRM Institute of Science and Technology
SRM Institute of Science and Technology (formerly known as SRM University) is one of the top ranking universities in India with over 38,000 students and more than 2600 faculty across all the campus, offering a wide range of undergraduate, postgraduate and doctoral programs in Engineering, Management, Medicine and Health sciences, and Science and Humanities. Foreign faculty, flexible and dynamic curriculum, exciting research and global connections are the features that set SRM apart. Students have a wide choice of cutting-edge programs including nanotechnology, bioinformatics, genetic engineering, remote sensing and GIS, embedded systems or computer forensics to choose from. Most of these courses are offered in close collaboration with foreign universities.
About School of Design Thinking (SoDT)
School of Design Thinking (SoDT) is committed to creating awareness in the society at large about Design Thinking as a Human-centered Approach for problem solving, thus enabling ordinary people to do extraordinary things. For further information, please visit http://www.d-thinking.com/
About Intellect Design Arena Limited
Intellect Design Arena Ltd, a specialist in applying true digital technologies, is the world’s first full spectrum Banking and Insurance technology products company, across Global Consumer Banking, Central Banking, Global Transaction Banking (iGTB), Risk, Treasury and Markets, and Insurance. With over 25 years of deep domain expertise, Intellect is the brand that progressive financial institutions rely on for digital transformation initiatives.
Intellect pioneered Design Thinking for cutting-edge products and solutions for Banking and Insurance, with design being the company’s key differentiator in enabling digital transformation. FinTech 8012, the world’s first design centre for Financial Technology, reflects Intellect’s commitment to continuous and impactful innovation to address the growing need for digital transformation. For further information on the organization and its solutions, please visit https://intellectdesign.com