ISB-Biocon launch a new cell for innovation management

June 9, 2009

With an aim to promote innovation in business, the Indian School of Business (ISB) Hyderabad in partnership with Biocon Ltd launched the Biocon Cell for Innovation Management (BCIM). The Cell will be established under the aegis of the Centre for Leadership, Innovation, and Change (CLIC) at the ISB. The primary objective of the BCIM will be to foster innovation and link it to operational excellence. The Cell will also help organisations with issues like the gaps in a company’s ability to innovate, assessing the required understanding to manage and mitigate risks associated with innovation and how to produce high value, high quality, strategic innovation at low cost. Biocon will contribute an initial investment of Rs 1 crore to set up the Cell and will provide further funding later With the launch of the cell students at ISB can enroll for research projects under short /long term programmes offered by the cell. The details of these programmes are still being worked out.