Objectives & goals of CIDRIE
The centre would primarily be having the following four goals
- To teach applied research methods to students and interested faculty.
- To provide faculty with applied research opportunity.
- To produce high quality low cost information for the local stakeholders (the Institute, Muthoot Group, Small & Medium Industries and Businesses, Government Bodies, Social Welfare Workers, NGOs).
- Be an incubation centre for start-ups and help guide entrepreneurs.
Summary of the Initiative
The Research Centre, in order to achieve its objectives, would have in the initial phase four major sub centres, namely:
- Centre for Sustainable Innovation
- Centre for Entrepreneurship Incubation
- Centre for IC&SR (Industrial Consultancy & Sponsored Research)
- A Tinker Lab for Developing Crazy Ideas
Stake Holders
There are four major stake holders –
- The Muthoot Group,
- The Institute,
- Industry and
- The local community (represented by the government).
All the four participants/stakeholders would be providing capital in terms of funding or man power and skill to the research centre. The research centre in turn would be providing its services to these four agencies.
Functional units of CIDRIE
The Centre would be composed of the following functional units:
- Research Centre Advisory Board
- Research Centre Core Team
- Centres of excellence and Laboratories
- IT, Secretarial and Laboratory Staff
- Legal Counsel: Intellectual Property.
The research centre would be following a Design Thinking based approach for solution development and deployment.