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The University of Hyderabad (UoH) is planning to allow its faculty members to set up companies with novel ideas in order to encourage innovation and entrepreneurship.
“Probably, we will be the first to allow faculty to do so in public-funded universities,” Appa Rao Podile, Vice-Chancellor, UoH, told BusinessLine. Modalities are being worked out, he added.
The university has the ‘best’ talent in the form of faculty, who can make a difference to business and innovation. The focus on research and incentives to be innovative is our way of attracting the best talent both in faculty as well as students,’’ Rao said.
Under Technology Incubation and Development of Entrepreneurship at UoH (TIDE-UoH), it promotes entrepreneurship by offering mentorship, seed-funding and infrastructure for product development.
The UoH has been selected by National Research Development Corporation (NRDC) for setting up of one of the Innovation Facilitation Centres to promote intellectual property and innovation among students, researchers and faculty.
Efforts are also on to step up research by faculty. As some faculty members are finding it difficult to carry out both teaching responsibilities and research simultaneously, the university is thinking of providing for exclusive research faculty and teaching policy with periodic options .
Ranking
The UoH, a leading central university in the country, has now bid for the status of Institution of Eminence (IoE), an initiative of the Ministry of Human Resource Development.
“We are among the 20 institutions short-listed for the purpose. Out of these, 10 institutions will be named IoEs,” the Vice- Chancellor said. Early this month, representatives of UoH made a presentation to the empowered committee constituted for the selection of IoE and the outcome is expected soon. .
“UoH is a favourite destination among students wishing to pursue higher education in the country. This has been proven by the whopping number of applications for admission to various courses,’’ Rao said.
The number of applications went up to 58,200 in 2017-18 from 43,837 applications in 2016-17.
Placements
The admission notification for 2019-20 has been released and online application procedure is now open till May 5. According to Rao, the placement prospects for the unviersity’s students have been increasing. “It has been a decent performance on the placements front so far,” he said.
For the present this academic year, about 230 students from different streams have got placements till about two weeks ago.
Last year by the end of April, the university could place about 220 students and in total, 278 got jobs by the end of the placement drive in May from a total of 111 companies. Going by the recruitment drive this season, the university may cross last year’s figures.
This year, 98 companies have visited the varsity so far with job offers. The list includes TCS, Tera Data, HSBC and Oracle.
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