San Francisco Chronicle writes:
Academics like [Ashok] Jhunjhunwala — along with the country’s business leaders — want more for their students than good jobs. They’re hoping to instill in their graduates the spirit of innovation and incubation that has been the earmark of Silicon Valley for decades. They want to use technological invention to help India ascend.
To put it bluntly, India is sick and tired of simply cranking out the world’s best engineers. It now wants to create the world’s best ideas.
To do so, it will borrow heavily from the model perfected in Silicon Valley, where the academics of Stanford mix with bankers and business experts to create opportunity. Not surprisingly, many of the top supporters of IIT’s push into “entrepreneurism” are the very graduates who found their way to the Bay Area over the past 20 or 30 years. The lessons they’ve learned are now being passed back to their alma mater.