Creativity and Innovation are the key drivers of success in a competitive business environment. In recent years, innovation-led organizations have proved their mettle by registering phenomenal growth trajectories. The human capital is the best resource which often drives the success stories. Design education, especially focused on ‘Industrial Design’ and ‘Innovation Management’ has a strong potential to accelerate the process of product conceptualization, design, prototyping and development leading to organizational success. The Indian Institute of Technology Roorkee has established the Department of Design to offer two programs focused on the broad theme of innovation and product design. The Master of Design (Industrial Design) program will focus on the concepts and principles leading to a successful product design. It aims to provide an engaging environment to foster creativity and skills through an interdisciplinary process of teaching and training. The teaching-learning pedagogy is designed to train and develop professionals who are able to challenge the existing designs, collaborate and create functional, usable, user-friendly and sustainable products. The Masters in Innovation Management program aims to provide students with an exposure in- products and process innovation, services innovation, market and marketing innovation and organizational innovation. The key perspective of the program is ‘Innovate to Stay Ahead’, I believe with conviction that the two programs are going to create professionals who are going to lead the spectrum of the design industry, in all its domains, not only in the country but worldwide.