The Union Cabinet on Wednesday (September 18) approved the plan to setup a new Indian Institute for Immersive Creators on the lines of IITs, IIMs. The initiative is aimed at encouraging the skilling of five lakh youth.
"Today, the Creator Economy is becoming one of the most powerful economies... We are creating a new institution on the lines of IIM, IIT to which the formal name will be given later but most probably it will be named as Indian Institute of Immersive Creators. There is a very big thought process behind it - to create new creative properties using our cultural heritage with our own IP rights and to take leadership in technology," said Union Minister Ashwani Vaishnav during Cabinet briefing.
IIIC will grow into a premier institute
Objectives:
1. Focus on creating Indian IP
2. Leveraging our cultural heritage in new age
3. Create a multiplier effect in the industry
4. An industry led initiative, in partnership with State and Academia
5. Integrated Focus on Education, Skilling, Industry Development, Innovation
6. Hub and spoke model of development to be followed. IIIC as the Hub, and several centers as its spokes
7. Dedicated Innovation & Research Fund to promote Start-up ecosystem