IIM Sambalpur Celebrates 10th Foundation Day
The Indian Institute of Management (IIM) Sambalpur in Odisha marked its 10th Foundation Day with a significant announcement to integrate artificial intelligence (AI) into its classrooms. This initiative aims to revolutionize the learning experience by shifting the teacher’s role from traditional instruction to fostering creativity and engagement in students.
Keynote Speakers and Guests
The celebration was attended by Uday A Kaole, Chairman and Managing Director of Mahanadi Coalfields Limited (MCL), as the chief guest. Dr. Anurag Batra and Nishita Baliarsingh, Co-founder and CEO of Nexus Power, served as the keynote speakers.
Director’s Announcements
Prof Mahadeo Jaiswal, Director of IIM Sambalpur, highlighted the institution’s growth since its inception in 2015. The student body has grown from 49 MBA students to 320, with 75% being female. He also announced plans to host a Women’s Empowerment Summit in February 2025, establish three new Centres of Excellence, expand the MBA program, and work towards international accreditations.
Chief Guest’s Praise
Uday Kaole praised IIM Sambalpur as “the most vibrant and talked-about IIM” and expressed MCL’s interest in collaborating with the institute to harness student potential.
Encouragement from Keynote Speakers
Nishita Baliarsingh encouraged students to stay consistent and true to themselves, while IBM’s Anindya Ghosh emphasized the importance of focused effort, passion for work, and early financial planning.
Innovation, Design, and Entrepreneurship Bootcamp
Coinciding with Foundation Day, IIM Sambalpur launched the second edition of the Innovation, Design, and Entrepreneurship (IDE) Bootcamp. This event, scheduled from September 23-27, 2024, aims to foster innovation and entrepreneurship among student innovators. Over 3000 student innovators and innovation ambassadors from higher education institutions across the country participated.
Exhibition of Startups
The celebration also featured an exhibition with over 70 startups showcasing products ranging from tech innovations to healthcare solutions, highlighting the thriving entrepreneurial ecosystem at IIM Sambalpur.
Doubts Revealed
IIM Sambalpur -: IIM Sambalpur is one of the Indian Institutes of Management, which are top business schools in India. It is located in Sambalpur, Odisha.
Foundation Day -: Foundation Day is the anniversary of the day when an institution was established. It is like a birthday celebration for the institute.
AI -: AI stands for Artificial Intelligence. It means using computers and machines to do tasks that usually need human intelligence, like learning and problem-solving.
Uday A Kaole -: Uday A Kaole is a person who was a key speaker at the event. He is likely an expert or important figure related to the event.
Dr. Anurag Batra -: Dr. Anurag Batra is another key speaker at the event. He is probably a well-known person in the field of business or education.
Nishita Baliarsingh -: Nishita Baliarsingh is also a key speaker at the event. She might be an expert or a notable person in the field of innovation or entrepreneurship.
Director Prof Mahadeo Jaiswal -: Director Prof Mahadeo Jaiswal is the head of IIM Sambalpur. He is responsible for leading the institute and making important decisions.
Women’s Empowerment Summit -: A Women’s Empowerment Summit is a meeting or event focused on discussing and promoting the rights and opportunities for women.
Centres of Excellence -: Centres of Excellence are special departments or units within an institute that focus on excelling in specific areas of study or research.
IDE Bootcamp -: IDE Bootcamp is a training program designed to help people develop their ideas into successful projects or businesses.
startups -: Startups are new businesses that are just beginning to develop. They often focus on innovative ideas and products.
innovation -: Innovation means creating new ideas, products, or methods that are better or different from what existed before.
entrepreneurship -: Entrepreneurship is the process of starting and running a new business, especially one that involves taking risks to make a profit.
