Indian Institute of Management Bangalore (IIMB), along with the Consulate General of the State of Israel in Bengaluru, launched the Israel Centre @ IIMB, on November 5 (Sunday), 2017. The goal of Israel Centre @IIMB is to forge academic relationships between IIMB and institutions in Israel so that there is mutual learning for impact on Indo-Israeli business relationships in the domains of innovation, technology, start-ups and scaling up of organizations.
The launch, by the Chief Guest His Excellency Daniel Carmon, Ambassador of Israel to India, marked 25 years of India Israel partnership and that will boost the development of business and academic ties between the two countries. “The Israel Centre at IIM Bangalore will lead to upgrading of academic collaboration between India and Israel, and will make our countries and economies stronger,” said Chief Guest His Excellency Daniel Carmon, Ambassador of Israel to India, during the inauguration of the Israel Centre at IIM Bangalore. Ms. Dana Kursh, Consul General of Israel in Bengaluru, was a special guest at the launch.
The Ambassador went on to say that like Bangalore, Israeli economy is based on innovation and the start-up industry. “Indian technology will support the Israeli system. So this is a merger of our ecosystems.”
“We need to continue to encourage more student exchanges and we will see the fruits of labour in the years to come,” he added. Hailing the Israel Centre at IIM Bangalore as “a first-of-its-kind venture”, he said it would bring the two countries together. Pointing out that a crucial part of successful academia is sharing of knowledge, the Ambassador said academic partners should be like-minded in the pursuit of knowledge, but different enough to bring in diverse perspectives.
Earlier, while welcoming the guests, Prof. Abhoy K. Ojha, Chairperson of the Centre and senior faculty from the Organizational Behavior and Human Resources Management (OBHRM) area at IIMB, said the Israel Centre at IIM Bangalore was the beginning of a new academic relationship between Israel and India, which would lead to deeper engagement between the two countries.
Prof. G. Raghuram, Director, IIM Bangalore, gave a background of the bilateral collaboration between India and Israel and spoke of the traditional areas of partnership between the two countries, the potential in new domains, and the complementarities between the two countries.
“India’s strong aspirational entrepreneurial spirit stands to gain from Israel’s vibrant technology-based innovation and entrepreneurship ecosystem. Israel’s aim for market scale-up would be aided by India’s large market with innovative opportunities. The Israel Centre at IIMB will provide the perfect platform for the two countries for the understanding of technology innovation, business strategy and history, government policies and culture, which in turn will lead to many more collaborations in the realm of academics, research, business, and beyond,” he explained.
Talking about Israel-centric work at IIMB, he said: “The Israel Centre is a consolidation of what has been happening already and it is sure to cement the existing thriving business and academic ties between India and Israel. All this can now be taken forward.”
He went on to speak about the mission, objectives and proposed activities of the Centre. “We can leverage on the competencies of the entrepreneurship and innovation hub of IIM Bangalore – N. S. Raghavan Centre for Entrepreneurial Learning (NSRCEL). Our new campus will also support such initiatives,” he added.
The keynote address was delivered by Ajay Vipin Nanavati, Chairman, Syndicate Bank, and former CEO, 3M Israel and 3M India. He focussed on why the Israeli system does well and what India can learn. “Israel has learnt to operate outside silos – academia, government, and industry work together; they always aim to fulfil their goals and vision; they know how to accelerate the pace of decision making; they speak their mind; they focus on technology; they have a healthy disrespect for hierarchy and they value and nurture a global mindset when it comes to innovation and technology,” he said.
In his closing address, Prof. Gadi Ariav, said the Centre is an outcome of the rapidly shortening geographical distance between nations. He also pointed out that there will be challenges in this venture, which we need to overcome with what he termed ‘unhurried thoughtfulness’, as scholarship needs proper time to thrive. “The Centre will serve the business communities on both the sides and will help intensify bilateral cooperation.”