In 2010, MIT Sloan allied itself with the Indian School of Business (ISB) with a specific mandate to assist ISB’s Institute for Manufacturing Excellence with curriculum design and action learning projects. MIT Sloan faculty advise ISB on curriculum and course development, faculty hiring, and research collaborations. As the relationship evolves, MIT faculty may become more involved with other aspects of these programs.
India Lab, which is based on MIT Sloan's renowned Global Entrepreneurship Lab (G-Lab) and China Lab programs, is an exceptional new program that combines traditional classroom learning with intensive real-world experience. Each 4-person student team collaborates on a 3-month consulting project with a business in India to address an issue that the host company seeks to resolve. Companies then negotiate with their teams to agree on the scope, schedule and deliverables of the project.
The projects kick off in early February and feature an intensive, two-week internship in the host company's offices in the second half of March. After a five-week remote internship period for research, data, and analysis, teams formally present their conclusions to senior management in early May, delivering written reports and backup data detailing their analysis. Host company executives may choose to travel to MIT Sloan in May for an in-person presentation and consultation.