Comparing International Vs. Local Institutes For PG Diploma In Innovation: Pros And Cons
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September 1, 2023
Innovation and Technology drive today’s world. No matter which industry we are considering, the perfect blend of innovation and technology will rapidly grow the industry. The Indian economy is also undergoing a significant change due to the strong focus on innovation and technology. For the first time, India entered the top 40 nations on the Global Innovation Index (GII) in 2022. According to the R&D Statistics and Indicators FY20 of India, due to the growth of innovation, India has seen a growth in women's participation in extramural R&D projects. The participation rate increased from 13%(2013) to 24%(2016-17). Amazing right? Yes, this is the amount of power the concept of innovation holds! If you are willing to keep up with this rapidly evolving world, a PG Diploma in Innovation will be the perfect course for you. Innovation Courses in India are one of the significant courses in today’s world. Backed by technology, these courses make you stand out in the competitive world.
However, the most common problem students face in pursuing this field of study is choosing the right institute. It is very obvious to get overwhelmed by the number of local or international choices. That is why we are here to help you make an informed decision. In this article, we will discuss one of the most significant Innovation Courses In India: A PG Diploma in Innovation, and also which institute to choose. Keep reading to learn more!
PG Diploma in Innovation: Explained
PG Diploma in Innovation introduces cutting-edge concepts. Subjects taught in India span creativity, technology, and entrepreneurship. A diverse curriculum equips students with real-world challenges. In addition, it fosters skills in problem-solving, critical thinking, and adaptability. Industry collaborations provide hands-on experience and exposure. Furthermore, graduates gain a competitive edge in the job market.
The thriving start-up ecosystem offers exciting career opportunities. Students can work as product managers, innovation strategists, design thinking facilitators, and digital marketing experts. The average salary of a product manager is around an average annual salary of ₹ 16.5 Lakhs. On the other hand, the average salary for an Innovation strategist is ₹21,67,638.
Multinational corporations seek innovative minds for growth. Besides, impactful solutions always address societal and environmental issues. Students can contribute to economic and social transformation. Furthermore, Collaboration with international scholars broadens global perspectives. Also, Networking opportunities fuel professional connections and partnerships. And we all know Innovation-driven economies drive sustainable development and progress.
Benefits of Pursuing a PG Diploma in Innovation
Unlock your innovation potential with a Post Graduate Diploma in Innovation! Embrace creativity, cutting-edge knowledge, and exciting career prospects. The benefits include:
You will be able to develop critical thinking, problem-solving, and flexibility abilities, as these are necessary for success in demanding workplaces.
You can examine projects and collaborations to get knowledge pertinent to market demands.
The certificate raises employability and opens doors to various positions and advancements that prioritize creativity.
Gaining an entrepreneurial edge will assist you in starting profitable businesses or adding new ideas to ones that currently exist.
Be a part of the movement of innovators who solve world problems with fresh concepts for a sustainable future.
Pros and Cons of International Institutes for PG Diploma in Innovation
Considering an international PG Diploma in Innovation? Delve into its advantages and drawbacks to make an informed choice. Let's explore!
Pros of International Institutes for PG Diploma in Innovation:
Here are some of the major pros of one of the most popular Innovation Courses In India:
Global Exposure: Access to various worldviews and cultural practices.
Reputable Faculty: Take classes from world-renowned inventors.
Vast research opportunities: Participate in difficult research projects to do cutting-edge research.
Industry Connections: Making contact with people and organizations all across the world.
Enhanced reputation: Credentials with a better reputation will open more career options.
Cons of International Institutes for PG Diploma in Innovation:
Here are some of the major cons of one of India's most popular Innovation Courses:
Higher costs: Living costs and tuition fees could be high.
Immigration and visas: Handling convoluted visa procedures.
Cultural Adjustment: Getting used to a different cultural setting.
Homesickness: Feeling distant or homesick due to distance.
Fewer chances of scholarships: Fewer scholarship opportunities due to the lack of passing eligibility tests.
Pros and Cons of Local Institutes for PG Diploma in Innovation
Contemplating a local Post Graduate Diploma in Innovation? Unearth the benefits and limitations to determine your ideal path. Let's delve in!
Pros of Local Institutes for PG Diploma in Innovation
Discover the advantages of pursuing a PG Diploma in Innovation at local institutes. Cost, relevance, and networking perks await!
Cost-Effective: Being a local institute, they will offer students lower tuition fees and living expenses.
Familiar Environment: Easier cultural adaptation and proximity to home.
Local Relevance: Tailored curriculum addressing regional innovation needs.
Networking Opportunities: Access to local industry connections and support.
Potential Financial Aid: More scholarships and funding options for eligible candidates.
Cons of Local Institutes for PG Diploma in Innovation
Explore the potential drawbacks of opting for a PG Diploma in Innovation at local institutes. Consider limitations before deciding! The cons include
Limited Global Exposure: You will get access to fewer opportunities for international collaboration and perspectives.
Faculty Expertise: Limited within a particular area, fewer renowned experts in innovation fields are possible.
Research Resources: You will get limited access to cutting-edge research facilities and equipment.
Restricted Job Market: Lesser scope for international job placements and opportunities.
Narrowed Diversity: Very few chances to interact with a culturally diverse student body.
Comparison between International and Local Institutes for PG Diploma in Innovation
Should you choose an international or local institute for your Post Graduate Diploma in Innovation? Let's evaluate the options together!
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Factors to consider when choosing between International and Local Institutes for PG Diploma in Innovation.
Factors to consider when choosing between International and Local Institutes for PG Diploma in Innovation.
Choosing between international and local institutes for a PG Diploma in Innovation? Consider the following factors:
Career Goals and Aspirations: One major factor to consider while choosing the university for a Post Graduate Diploma in Innovation. You must match your goals and aspirations with the university offerings. Also, consider the job market of both international and national universities.
Financial Considerations: Another major factor to consider when choosing a university for Innovation Courses in India. You must evaluate the costs associated with the university you are choosing. Also, consider scholarships, grants, and funding options that may be available. You can apply for them every year also!
Personal Preferences: You must align your preferences with the university's learning environment. This will help you to stay more productive and efficient all the time. Some students thrive in their own country, while some are comfortable in a new environment.
Networking Opportunities: Consider the networking opportunities available at each type of institute. International institutes are best if you are willing to make your career grow in the global market. While local institutes will limit the opportunity to make your career grow worldwide.
Wrapping Up
Choosing the best university for a PG Diploma in Innovation depends on the perfect evaluation. You need to consider every crucial factor, including their pros and cons, to make the most informed decision. Remember, success can be gained on both paths. The key is to ultimately choose the course of action that suits your preferences the most. Also, you need to make yourself go deeper into the course to learn more and excel in this field. You can also change the rapidly growing world by pursuing one of the major Innovation Courses in India, a Post Graduate Diploma in Innovation. If you are looking for the best Innovation Courses in India, look no further than MIT Institute of Design, Maharashtra. It is the top design school offering a Post Graduate Diplomain Innovation. The one-year Program is a holistic Post Graduate Diploma in Innovation. Combining Design, Technology, Business, and Humanities, it sparks creativity and fosters innovation. In addition, the program is UGC-approved and has a limited batch size of 25 students.
There are various reasons why you opt for a Post Graduate Diploma in Innovation, including:
Enhance creative problem-solving skills.
Foster entrepreneurial mindset and ventures.
Acquire cutting-edge industry knowledge.
Develop innovative product development expertise.
Expand professional network opportunities.
Various subjects are been taught in a Post Graduate Diploma in Innovation:
Innovation Management
Entrepreneurship and Startups
Design Thinking and Creativity
Technology and Innovation
Business Model Innovation
Marketing and Product Development
Intellectual Property and Patents
Project Management for Innovation
Innovation and Organizational Change
Market Research and Analysis
The duration of the Post Graduate Diploma in Innovation is 1 Year. In MIT ID, admission takes place on a monthly cycle basis.
There are various reasons why you should choose MIT ID for Post Graduate Diploma in Innovation, including
A reputed institution with an innovation-focused curriculum.
Industry-experienced faculty fostering creativity.
Immersive hands-on learning approach.
Strong industry collaborations and partnerships.
Vast alumni network for support.
Answer:Yes, definitely! Many organizations offer certifications and programs in design thinking. For example, the MIT Institute of Design provides certification courses such as the Innovation and Design Thinking Certification
program.
You must invest around Rs.600000 to pursue a Post Graduate Diploma in Innovation in MIT ID Innovation.
Strategic management and innovation courses examine how corporate strategy changes, concentrating on the growing significance of design, user experience, and innovation in creating competitive advantage. Goal-setting, value creation, global integration, and diversification are just a few of the ideas of theseinnovation courses. Individuals will also learn how to evaluate traditional theories and frameworks in light of contemporary business realities.
In this day and age, most people are content with the mundane, the ordinary, but there are few whose ions have no limits. Our innovation courses are meant for brilliant students who want to create change through their thinking, the ones influenced by the future technologies and trends, and those who strive to establish themselves and leave a mark in the political, social, and technological disciplines. These visionaries have bold ideas and wish to shake up the status quo
Design Thinking Process is defined as a procedure for resolving troubles by primarily focusing on customer needs and satisfaction. It is a human-centric process to innovation which was originated from the designer's toolkit.
MIT Pune: The pioneer of MIT institutions
The MIT Group of Institutions pioneered the revolutionary extension of higher training in Maharashtra. MIT Pune contributed to bringing high-quality education to every student who aspired to train under excellent faculty. With 32 years of expertise, the MIT Group now includes 64 institutions, more than 6,500 teaching and non-teaching professionals, and more than 12 sites across Maharashtra to meet the educational requirements of more than 50000 thousand students.
MIT Pune is regarded as one of Maharashtra’s finest educational establishments, and it is on par with the greatest in the world of academia. The institute works with other colleges and universities to provide our students, professors, partners, and staff with various learning opportunities. These collaborations are focused on curriculum development and advancement, as well as research and interaction programs.
Vision and Mission
The university’s vision is to foster a peaceful coexistence by instilling a value-based global inclusive education, with the sincere belief that only the combination of technology and religion/spirituality can bring humanity harmony.
Their mission is to use scientific and technological knowledge for the benefit of society.
The foundation of MIT Institute of Design
With a strong foundation and credibility, MIT Pune founded the MIT Institute of Design under MAEER MIT Pune. MAEER’s MIT Institute of Design began operations in August 2006, directed by the best brains in Indian design education at the time, intending to establish itself as a world-class research and teaching centre.
The institute ensures that the students learn from the best and most skilled personas in the field. For this, advisers from diverse design-related fields are asked to connect with the design trainees and encourage them to explore novel areas that will supplement and strengthen their continuing design education.
At MIT Institute of Design, students not only get the best academic design thinking courses in India but are also provided with world-class facilities and amenities to enhance their knowledge. Over 100 acres of campus are located just 8 kilometres from Hadapsar, Pune. 5000+ residential students have access to an Olympic-sized swimming pool, a Gymnasium, Archery, Tennis, Badminton, and a Rowing Club. The amenities as mentioned above are spread out over a 40-acre plot of land.
The university of MIT ID hopes to offer value to the design world via the department under MIT Pune. Design Habitat is a reasonable and inevitable outgrowth of their ideology, ensuring a universal environment conducive to design learning. The design industry’s mainstays guarantee that students have the best possible access to every conceptual design.
All of the design programmes are focused on establishing a real knowledge of structural space via analytical skills, self-directed study, and an integrated research approach through active learning, which is learning by exposing students to real-world situations.
About MIT ID Innovation
As you might expect, design innovation is a method for generating new ideas. It focuses on meeting people’s demands with technologically possible solutions and developing a successful business plan to capitalize on this market potential. These are the criteria to which we, as people and as an Education Technology and Design start-up, adhere. It’s something we do regularly; we aim to use Design Innovation to unleash the brilliant ideas of learners and lecturers so that they can (train youngsters too) take on today’s and tomorrow’s difficult issues.
With a similar idea in mind, the MIT ID Innovation Programme was founded as a flagship under the MIT Institute of Design. It is a one-year program for self-motivated and enthusiastic students who want to develop cutting-edge goods, services, and companies for today’s and tomorrow’s worlds. To build a comprehensive approach to design and innovation, MIT ID Innovation offers one of the best innovation courses in India which integrates Technology, Design, and Business. Graduates and business professionals from various artistic, technological, and social science disciplines are welcome to apply. The curriculum framework is entirely project-based, with a strong emphasis on teaching practical and hands-on expertise.
Developers, designers, industry specialists, successful entrepreneurs, and seasoned industry executives make up the MIT ID program’s instructors. Each lecturer provides a distinct viewpoint based on their expertise and knowledge and serves as a supervisor for the participants’ initiatives as part of the curriculum.
An insight on the curriculum of the courses
The institution intends to conduct hands-on initiatives aimed at offering comprehensive solutions. They offer an ‘immersion’ interface that allows for engagement with important companies and professional associations, making them one of the top innovation courses in India. The programme also assures demanding projects that cover a wide range of topics pertinent to our day. Students have the option of selecting themes from a variety of topics based on their interests and skills.
Students will participate in faculty-led initiatives encompassing human-centred design, business administration, virtual and analogue design and development, effects analysis, technological possibilities, and scientific research & innovation throughout a half-year. The students will lead a 20-week major project to apply what they’ve learned and create a powerful, effective, and unique solution. Students participate in various learning activities, including taught courses, seminars, training courses, seminars, research excursions, and, most significantly, projects, throughout 50 weeks in the MIT ID program.
The moment of rupture, which allows students to explore their true creativity and regularly assess their learning and development in the programme, is an important part of the curriculum. Immersions are designed to help students get insight into technology options for creating a concept a reality, about the individual and communities for whom they are creating, and about recognizing their capacity to make the difference they want to create.
How does the curriculum of MIT ID benefit students?
Under the direction of seasoned academia and industry specialists, one of the top innovation courses in India is designed by a group of young and energetic inventors and designers. The curriculum is provided through a series of challenging projects that are constantly supported and supervised by industry professionals and academics.
Change your mindset about innovation
This session will introduce the notion that innovation is a creative process that necessitates a change from a traditional mentality to one of experimenting and understanding through doing.
Dashlessdash
An initial program that allows students to collaborate with each other in the design thinking courses in India to develop a viable commercial, design, or technological solution, allowing them to relearn what they already know and apply a comprehensive methodology to innovation.
Human-centered innovation
Students will collaborate with a range of groups and institutions that work directly on social issues in order to offer meaningful solutions that address the pain points of the people for whom they are creating. This will conclude with an invention pitch in the form of a corporate presentation.
4.0 World
Learners will anticipate their visions of a futuristic society by charting geopolitical, financial, cultural, and technical trends and extrapolating human interactions, goods, and activities in each. They’d then propose solutions using a variety of mediums.
Creating with digits
This course focuses on virtual and analogue product design and development, culminating in demonstrations and a display. Students will develop sturdy prototypes to illustrate their ideas influenced by brand principles and new technology with the best design thinking courses in India.
Significant undertaking
Students will spend the second quarter of their VIF experience engaging alone or in groups of two to come up with a compelling large project that combines what they’ve learned so far in a disciplined structure to produce a comprehensive innovation.
Courses offered in MIT ID Innovation
PG Diploma in Innovation equivalent to MBA in Innovation
The MIT ID PG Diploma in Innovation offers a one-year meticulous education in the confluence of organizational and functional innovation, preparing students to recognise business opportunities, use innovation theory, and establish new entrepreneurial activities employing new technologies.
The degree is equivalent to an MBA in innovation or design management that integrates Design, Technology, Business, and Humanities to provide a comprehensive framework for innovation. The course has been authorised by the UGC, and the class size is restricted to only 25 learning creators. The goal of an MBA in design management is to enhance the creative economy by organizing an innovation accelerator that turns ideas into real enterprises with the help of a broad group of students.
Graduates, experienced/working individuals from a variety of creative, technological, and humanistic disciplines will benefit from this course. Candidates explore potential talents while working closely with industry specialists, receiving active career advice, and receiving support for lifetime professional growth.
Design Thinking Courses
In the modern economy, the ability to think creatively is highly prized. Employers are looking for someone who can think creatively to solve problems in company operations. Critical thinking and creativity are two talents that may help you develop your inventive thinking abilities and offer new ideas to your job.
The MIT ID Innovation Program acknowledges the need to prepare the next generation for design thinking courses in India, which necessitates an understanding of market shortages. MIT ID offers Creative Thinking for Innovation, a four-week curriculum that covers the idea generation process and how to develop a diversified comprehensive blueprint, as well as other key creative principles.
Creativity, both in principles and application, is a critical component of both professional and personal growth. This program is one of the most inclusive design thinking courses in India. It will extensively investigate and explain the concept of creativity in such a way that the learner will advance quickly in comprehending creativity comprehensively, via principles and application.
Digital Transformation Course
The process of converting old company processes to new digital techniques to enhance efficiency and keep up with quickly changing market needs is known as digital transformation. For developing digital business transformation, digital innovations need a knowledge basis. Customer experiences, artificial intelligence, and supply chain advances such as IoT are examples of these systems. Learners must understand the procedures involved in implementing new digital transformations when they come down the chain.
In collaboration with industry experts, MIT ID provides Digital Transformation courses and certifications to help you leverage data analytics and the digital economy to change company operations. You may assist company executives in minimising disruptive technologies and navigating their digitalization path. Our Digital Transformation course gives you a comprehensive understanding of digital transformation and how it may assist everyone in a company. It covers the important variables to examine the digital transformation plan for any company.
Digital Transformation courses are meant to educate you on the fundamentals of the digital platform, such as organizational change and the product development process. It also explains what you should do with outdated tech.
User Experience Design Course
This 9-month course focuses on introducing the learner to User Experience (UX) Design. User experience design is oriented towards the user. The objective is to create artifacts that help users achieve their goals in the most efficient, effective, and satisfying way possible. The beginner is introduced to a cycle of discovery and assessment, as well as a set of procedures that suit the user’s requirements.
Through teamwork and role-plays, students have an intensive peer-learning opportunity in this course by MIT ID. Throughout the course, real-life case studies will be explored.
This course is designed for beginners. It is intended for students who have heard of “user experience” or “user interface” design but have little knowledge of these fields. The mantra is to understand the “Mind Set, Skill Set, Tool Set” of an Experience Designer.
Conclusion
While you’re capturing your growth, strive to be ready with the next level of customer offering. Repeat the process of becoming a pioneer. The following stages in the value ladder that you might be able to provide should be foreseen, conceived, and tested as soon as possible.
Students will learn about coming up with new ideas, doing research, and inventing. Not only that but also how to adapt their area of expertise (discipline) or a topic of great interest to their position as part of a dynamic and varied group of people. Every course student of MIT ID will work together to create a business plan that incorporates their collaborative skills.
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