Established in 1958, IIT Bombay is one of the most sought after institutes of the IIT System. IIT Bombay has 14 departments, 10 multi-disciplinary centers, 3 schools of excellence and 3 inter-disciplinary groups, which together form the backbone for innovation. The Institute cherishes the hope that its graduates will be the leaders of tomorrow. Thus the education is patterned so that alongside the regular courses, students can devote 25% of their time to inter-disciplinary studies. Thus the emphasis on Humanities helps the students to interact more positively with the society in which they live, and Design education brings in a systematic way of creating innovative products for the benefit of the society. The Institute contributes to the industrial development and economic growth of the country through R&D support to industries. With its ‘Society for innovation and Entrepreneurship’, the institute also provides an umbrella to foster entrepreneurship. New high-tech collaborative labs and facilities like Center for Research in Nano Technology and Sciences, National Centre for Photovoltaic Research and Education, Shenoy Innovation Studio are being instituted to further the cause of creating innovation with a focus on humanizing technology. Thus IIT Bombay possesses a unique synergy, wherein technology, research, design, humanities and management work cohesively, to support innovation activities.