IIT ENDOWMENT
IIT Kanpur alumnus Rajeev Gautam donates $250,000 to alma mater
The donation establishes three endowed programmes aimed at fostering innovation, excellence, and academic growth within the Department of Chemical Engineering at IIT Kanpur.
R Systems International to help set up applied AI centre in IIT Delhi
R Systems International has signed a memorandum of understanding with IIT Delhi to establish a Centre of Excellence on Applied AI for Sustainable Systems. The centre will include a research lab, faculty chair position, and merit-based student scholarships. The partnership aims to push the boundaries in advanced AI research and innovation, with the aim of developing innovative approaches and cutting-edge AI techniques for sustainable computing.
Want India to set example of how to use AI for social development: Sunil Wadhwani
Wadhwani said this after signing an MoU with Prof. V. Kamakoti, Director, IIT Madras for an endowment of Rs. 110 crore from Sunil Wadhwani towards setting up the Wadhwani School of Data Science and AI at the institute.
IIT-Madras gets Rs 110 crore endowment from Sunil Wadhwani
Indian Institute of Madras receives Rs 110 crore endowment from Mastech Digital and IGate founder Sunil Wadhwani for setting up the Wadhwani School of Data Science and AI. The school aims to be among the top AI-focused schools globally and will provide advice on data science and AI-related policies.
For IITs, go shake your moneymakers
A steady inflow via alum contributions must not lead to a reduction in state budgetary support. The latter is essential to ensure these institutions remain 'public' in the truest sense of the term, and deserving students get a chance to study in IITs.
IITs step up efforts to raise donations from alumni
IIT Delhi, which currently has a total endowment reserve of Rs 350 crore from its alumni, looks to add another Rs 250 crore in the next two years, its dean of alumni relations PVM Rao said. Last calendar, the institute raised about Rs 50 crore. “However, one big donation may change these projections as it happened with IIT Bombay with (Nandan) Nilekani’s donation,” Rao said.
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Give or give back and tell, or don't
Anonymous charity has both supporters and critics, with some viewing it as philanthropy on a large scale and others seeing it as a way to avoid public scrutiny. While there are valid reasons for donors to remain undisclosed, studies have found that anonymous donations tend to be less generous. However, the aim of anonymous giving is to involve a larger group of small givers who may not benefit beyond personal satisfaction. On the flip side, if the act of giving is celebrated, it should be socially recognized. Ultimately, giving benefits both the recipient and the donor.
Engineering colleges and B-schools see spike in funding from alumni
“Till 2016-2017, the institute used to raise an average of Rs 1 crore per year. Now, it has gone up to Rs 32 crore in 2022-23. Funding has more than doubled compared to the pandemic years,” said Professor Arya Kumar, dean, alumni relations at BITS Pilani. The institute has raised more than Rs 73 crore in the last four years from alumni including CSR funding.
IIT Delhi all set to complete its curriculum review
The Indian Institute of Technology (IIT), Delhi, is planning to finish its once-a-decade curriculum review -bringing it in line with emerging industry needs-by the end of next year, director Rangan Banerjee told ET. It's also planning an expansion to Abu Dhabi, where the institution will be "stepping outside its comfort zone and national boundaries," he said.
Nilekanomics for a knowledge economy
Endowments like this month's ₹315 crore donation by Infosys co-founder Nandan Nilekani to his alma mater Indian Institute of Technology (IIT) Bombay help build a stronger base for the knowledge economy. Nilekani's gesture is designed to catalyse more financial support from IIT graduates who are among the leading wealth creators of India's diaspora.
IITs step up fundraising campaign to drive expansion
The IITs of Kanpur, Delhi, Madras, Bombay, Roorkee and Hyderabad, among others, are stepping up initiatives to engage with alumni, corporates and philanthropists to raise funds for growth.
Rakesh Gangwal’s ‘big-hearted’ move. Twitter hails IndiGo co-founder’s Rs 100 crore donation to IIT-Kanpur
The donation has been made towards setting up of a medical institution.
TT Jagannathan contributes Rs 10 crore to establish endowment at IIT Madras
In recognition of his achievements and to commemorate his contributions to the business world, IIT Madras announced that an auditorium is being named after Jagannathan.
DST setting up centres with analytical instruments to boost access to research & testing facilities
The Department of Science and Technology (DST) is setting up several centres to house major analytical instruments to provide common services of high-end analytical testing with an aim to avoid duplication and reduce dependency on foreign sources.
IIT Delhi alumni endows 'Prof Ajoy K. Ghatak Chair' for photonics
The optics and photonics research at IIT Delhi started in 1960s with a small team of ten, and has now expanded to more than a hundred people, which includes faculty members, researchers and graduate students.
IIT Kanpur establishes Yadupati Singhania Memorial Chair
Abhishek Singhania, Director JK Cotton. “Yadupati Singhania was a visionary who believed in the development and progress of Science for betterment of the world. To pursue this vision of his, we have instituted this chair and hope that the world will benefit from the outcomes of the research”
India’s premier colleges give out space for quarantine facilities
District authorities like the district collector/magistrate have reached out to Indian Institutes of Technology (IITs) at Kharagpur, Roorkee, Ropar and National Institutes of Technology at Jaipur and Jalandhar for quarantine purposes. And all these institutes readily agreed is sharing space for hosting people for quarantining.
IIT Roorkee develops mobile app to locate coronavirus suspects
The system will get an alert, if geofencing is violated by the quarantined person, Prof Kamal Jain from the Department of Civil Engineering, IIT Roorkee, said. In case the GPS data is not received, the location will be obtained automatically through the triangulation of mobile towers.
Maruti Suzuki, IIT Guwahati, AOTS Japan join hands for promotion of tech education
Maruti Suzuki India on Wednesday said it has collaborated with IIT Guwahati (IITG), Association for Overseas Technical Cooperation and Sustainable Partnerships (AOTS), Japan and Suzuki Motor Corporation for promotion of technical education and training.
Gift of "Adda" and the Clock Tower to IIT-Kgp by 1970-batch alums
Gift of 'ADDA' and Alumni Clock Tower to the campus by the Indian Institute of Technology - Kharagpur's alumni batch of 1970 will change the social interaction at the country's oldest IIT.
IITs now turn more to alumni for funding
With insufficient govt funding, institutes are setting up alumni development offices, forming alumni boards to reach out. From setting up alumni development offices in India and abroad and forming teams and alumni boards with outside professionals to advising on fundraising to launching pro-active alumni outreach activities, IITs are going all out to attract their wellplaced former students to give back to their alma mater.
IIT Delhi, ISRO jointly setting up space technology cell in campus
The cell will work for carrying out focused research projects in the space technology domain with specific deliverables. It is also proposed that IIT Delhi as an institute becomes academic partner of ISRO in research areas for example AI, nanotechnology, functional textiles, smart manufacturing or any area of joint interest, according to IIT's director.
IIT Delhi launches Global Alumni Endowment Fund, targets $1 billion over 7 years
The institute aims to achieve a target of $1 billion over a period of 7 years for the newly launched fund that will work towards the development of the institute, encourage innovation and entrepreneurial spirit. The earnings will be utilized under the guidance of a Governing Board of Advisors consisting primarily of alumni and the IIT Delhi administration.
IIT-Delhi targets Rs 200 cr at fund launch
IIT Delhi sets its sight on a Rs 200-crore endowment fund from its glorious genus of alumni including founders and co-founders of various companies namely Flipkart, Zomato, PolicyBazaar et al. Pledges of more than Rs 125 crore are already in place.
Give 1% of earnings to Alma Mater, IITs to tell students
The members said this will be in the nature of appeal to outgoing students, asking them to contribute to their institute.
IIT Kharagpur to launch Undergraduate Research Programme
The funding for the UGRP programme will be generated from alumni donation fund resources.
IIT alumni loosening up purse strings for alma mater
Donations to top five Indian Institutes of Technology may cross Rs 1,000 crore by the end of this financial year.
Mindtree partners IIT Madras for endowed faculty fellow position in Data Science, AI
Through this endowment, Mindtree will help accelerate the development of technology innovation in fields like AI, data analytics, and machine learning, it added.
IIT-Delhi for an endowment pool to fund faculty development
IIT Delhi proposed creation of an endowment pool with support from its alumni to fund world-class faculty development and to finance its research students for international exposure.
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