New Delhi: Indian Institutes of Technology (IITs) figure among the top five in a list of the best entrepreneurial undergraduate institutes in the world and are placed higher than the Ivy League universities like Harvard, HRD Minister Smriti Irani on Friday said.
They are ranked fourth among the top 50 best entrepreneurial undergraduate institutes in the world.
The ranking was compiled by PitchBook Data, a US-based private equity and venture capital research firm.
Sharing the achievement at an AICTE conclave on 'entrepreneurship education', Irani said the feat calls for further celebrations as the IITs have been ranked higher than some of the best Ivy League universities such as Harvard.
She referred to the rankings while underscoring the need to inculcate an entrepreneurial mindset among the youths, noting that knowledge and entrepreneurship are key to take the country ahead.
In the study, the research firm found that the IITs had a total of 264 entrepreneurs, who have founded 205 companies and cumulatively raised USD 3.15 billion.
The paradigm of education, she said, should be such that it is able to cross the knowledge with analytical skills and logical reasoning, helping students acquire skills and entrepreneurial qualities.