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date: 19 August 2019

Abstract and Keywords

The growth and contribution of the Indian Institutes of Technology (IITs) from the 1950s symbolizes the foresight of a developing nation for educating a special cadre of engineering professionals towards building a modern, industrial society. Drawing inspiration from MIT, these institutes have given top priority to the selection of faculty and as well as students through a nationwide competitive examination. Though IITs constitute a small part of the higher education landscape, they play a very significant part in the knowledge-based society. One sector where IITs have made substantial contribution is information and communication technology (ICT) and related segments. IIT brand image became globally known through its alumni contribution in Silicon Valley. In India, IITs are seen as model institutions to be emulated not only in building a culture of research and innovation, but also in the modes of knowledge technology transfer and university–industry relationships.

Keywords: Indian Institutes of Technology, brain circulation, knowledge economy, software industry, MIT model, innovation

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