July 31, 2018 marks the closing of our “Golden Jubilee Growth Fund” and Aug 1, the launch of our 15-year “Diamond Jubilee Corpus Fund”.
We launched the GJGF with a target of Rs. 100 crores. I am very happy to report that we are closing the Fund with an accrual of Rs. 268 crores, and are launching the DJCF with a target of Rs. 3,500 crores ($ 500M), with a closure date of July 31, 2033, which will mark the beginning of our Platinum Jubilee year.
Here’s a list of some major projects that have been supported with the GJGF:
1. Infrastructural
Stadium Renovation |
Prem Watsa, $ 1M |
BioSciences Block II |
Mehta Family Foundation, $ 1.5M |
Centre for Innovation |
’81 batch, Rs. 80 lakhs |
CSE Department Annex |
Subramonian Shankar, $ 500K |
Quark (eatery) |
’73 batch, Rs. 80 lakhs |
Quadrangle (in front of New Academic Complex) |
’77 batch, Rs. 78 lakhs |
Sports Complex |
’86 batch, Rs. 53 lakhs |
Solar Water Heater for hostels |
’73 batch, Rs. 28 lakhs |
Rooftop solar for Hostels |
’75 & ’95 batches, Rs. 78 lakhs |
Walkway between HSB & ESB |
’14, ’15, ’16 batches; Rs. 49 lakhs |
2. Research
International Centre for Clean Water |
HT Parekh Foundation, Rs. 4 crores |
Robert Bosch Centre for Data Science/ AI |
Bosch Co., Rs. 7 crores |
Centre for Battery Engineering |
ABB India Ltd& Mahindra and Mahindra Limited, Rs. 1.5 crores |
Chemplast Sanmar ZLD Research Lab |
Chemplast Sanmar Ltd., Rs. 1 crore |
Thin Films Lab in Physics |
Kris Gopalakrishan and Jagadeesh Moodera,Rs. 3.5 crores |
Space Lab |
Krishna Chivukula, Rs. 1.5 crores |
Initiative in Biological Systems Engineering |
Prakash Arunachalam, 1.93 crores ($ 1M committed in stocks) |
Big Data Fund |
’89 batch, Rs. 1.3 crores |
Deakin-IITM CoE in Advanced Materials & Manufacturing |
Deakin University, Rs. 73 lakhs |
3. Chair Professorships
Distinguished Chairs (3) in Computational Brain Research |
Kris Gopalakrishnan, Rs. 30 crores |
Visiting Chairs (3) in Computer Science |
Anand Rajaraman & Venky Harinarayanan, $ 1M |
Dr. Singhvi Chair |
Dr. Ajit Singhvi, Rs. 1.5 crores |
HAL Chair in AE |
HAL, Rs. 1.5 crores |
MoSDE Chair in ED |
Ministry of Skill Development & Entrepreneurship, Rs. 92 lakhs |
Sant Rajinder Singh Ji Maharaj Adjunct Chair |
Sant Rajinder Singh Ji Maharaj, Rs. 75 lakhs |
Chevron Chair |
Chevron Corp., Rs. 54 lakhs |
Ace Micromatic Chair |
Ace Micromatic Group, Rs. 50 lakhs |
Institute Chairs (20) |
$ 100K each by various donors, total Rs. 11 crores |
4. Student Scholarships, Prizes & Awards, Travel Grants
Merit-Cum-Means Scholarship |
various donors, Rs. 6.9 crores |
SSAN Ananya Education Trust- Interest-Free Loan |
Sunderam Swaminathan, Rs. 5 crores |
1964 Foundation Endowment Fund |
Prem Watsa, $ 1M |
Alumni Travel Grant |
various donors, 1.45 crores |
Ram Sundaram Travel Grant |
Ram Sundaram, $ 50K |
Dr. KS Varyani Memorial Award |
Dr. KS Varyani Memorial Trust, Rs. 1 crore |
Smt. HattiangadiManorama Bai Scholarship |
M Vikram Rao, Rs. 81 lakhs |
Sriram Srinivasan Scholaship |
Srinivasan V, Rs. 77 lakhs |
Shoma & Prasad Setty Student Distress Fund |
Prasad Setty, Rs. 59 lakhs |
Ram Shriram Scholars Program |
Ram Shriram, $ 50K per annum |
HFCL Scholarship |
HFCL SOCIAL SERVICES SOCIETY, Rs. 60 lakhs |
Convocation Day Prizes |
various donors, Rs. 71 lakhs |
Institute Day Prizes |
various donors, Rs.66 lakhs |
AlumNite Prizes |
various donors, Rs.76 lakhs |
5. Entrepreneurship
Gopalakrishnan-Deshpande Centre |
Kris Gopalakrishnan & Desh Deshpande, $ 1M per year for 5yrs |
Innovation Fund |
various donors, Rs. 14 crores |
CFI Modernization |
’81 & ’92 batches, Rs. 2.3 crores |
Centre for Social Innovation & Entrepreneurship (CSIE) |
Rs. 1.75 crores |
Entrepreneurship Scheme for Biotechnology Students |
Shrikumar Suryanarayanan, Rs. 50 lakhs |
IITM Incubation Cell |
various donors, Rs. 5.8 crores |
6. Social Responsibility
Healthcare Technology Innovation Centre |
J Mitra & Co., Pvt. Ltd., Rs. 16.5 crores |
Roof-top solar with 2 MW capacity |
Rural Electrification Corp., Rs. 9 crores |
National Program on Technology-Enhanced Learning |
Aricent Technologies Ltd., Rs. 5.2 crore |
Sustainable Waste Management &Resource Recovery for Healthy & Clean Villages |
Indian Additives Ltd and Technip Solutions., Rs. 3.5 crores |
TTK Centre for Rehabilitation Research & Device Development (R2D2) |
TTK Prestige Ltd., Rs. 3 crores |
Prof.MS Ananth Endowment Fund for Socially Relevant Projects& Financial Assistance for Children of SHG Employees |
various donors, Rs. 2.3 crores |
Affordable Standing Wheelchair (R2D2) |
The Wellcome Trust, Rs. 2.2 crores |
Carbon Zero Challenge |
Virtusa Polaris, Rs. 2.75 crores |
Cost-Effective Wireless Broadband Solutions for Rural Areas |
Nokia Solutions & Networks India Pvt. Ltd., Rs. 2 crores |
Dynamic Traffic congestion Prediction System for Indian Cities |
TCS, Rs. 1.9 crores |
Inverterless Solar System for Off-Grid Areas in India |
Verizon, Sasken, Cholamandalam Gen Insurance, Rs. 1.4 crores |
Centre for Rehabilitation Engineering & Assistive Technology (CREATE) |
L&T Technology Services Ltd., Rs. 1.25 crores |
Open Source Platforms & Capability Creation Initiative at RISE |
City Union Bank Ltd., Rs. 2.1 crores |
Enhanced Traffic Mobility Using Signal Improvements |
L&T Technology Services Ltd., Rs. 84 lakhs |
Improved Urban Governance in Metropolitan Chennai |
Cholamandalam Investment & Finance Co., Rs. 69 lakhs |
Microgrid Systems for Village Electrification |
ABB India Ltd., Rs. 60 lakhs |
Village adoption/development at Nagapattinam |
Chennai Petroleum Corporation Limited, Rs. 60 lakhs |
7. Unrestricted Endowment
a. Various donors: Rs. 8.5 crores
With your support, our “Next 15” will be our best yet, both in terms of fund-raising, and in institutional high-rise. Here are some specific objectives that can be supported by building a sizable corpus, and deploying annual returns in a targeted manner:
Societal Impact:
• Achieve technology breakthroughs that have momentous consequences for the nation
• Deploy R & D interventions in water, energy, environment, healthcare, housing, transport and education to benefit society
• Target scale and sustainability when developing solutions for India’s “Grand Challenges”
• Ensure full dissemination of achievements to address perception/ reputation gaps
Research Centres of Excellence:
• Identify and nurture selected CoEs with potential to be among the world’s best in their domain, and able to attract funding from various sources
• Recruit high-quality faculty, including foreigners, to achieve diversity in thought
• Promote internationalization with institutional tie-up’s, faculty collaborations and student mobility
• Ensure commercial realization via IP protection and technology transfer
Teaching/Training:
• High degree of flexibility in undergraduate curriculum, large number of interdisciplinary Masters’ programs as part of a dual-degree
• Market-driven online M.Tech. programs and certification courses
• Induction of foreign students into M.Tech. programs
• Use of Teaching/ Learning Centre to improve pedagogy and learning outcomes
Academic Research:
• Upgrade path from Masters’ programs to Ph.D.
• Induction of foreign students into M.S. and Ph.D. programs with scholarships on offer
• Strong postdoctoral research programs with good career prospects
• Central Instrument Facility to avoid logjams in sample analysis
Industry Relations:
• Leverage Research Park fully to maximize connectivity of R & D Centres to IIT Madras faculty
• Formation of industry Consortia to achieve scale in shared research
• IP Office that handles Tech Transfer and commercialization aspects, including marketing
• Induction of Professors of Practice to strengthen interface to industry
Innovation & Entrepreneurship:
• Enable larger fraction of students and faculty to pursue innovation & entrepreneurship
• Provide connectivity to external incubators and innovation hubs
• Involve large number of alumni as mentors and investors
• Provide necessary on-campus infrastructure to coordinate innovation/ entrepreneurship-related activities
Infrastructure:
• Achieve a clean and modern ambience, preserving biodiversity and greenery
• Build some iconic structures on campus that will enhance visitor experience
• Provide sufficient accommodations on campus for faculty, students and Staff
• Enable state-of-the-art facilities for classrooms and Research Centres
Human Resources:
• Recruit foreign faculty to enhance international character
• Leverage Visiting Chairs and Adjunct Faculty to nucleate new areas of research
• Provide incentives for junior, mid-level and senior faculty to continue to excel
• Provide growth opportunities for non-academic Staff
Internationalization:
• Develop joint degree (Ph.D. & Masters’) programs with top 100 Universities in the world
• Leverage membership in global University consortia to promote student and faculty exchanges
• Offer summer/ winter research internships to foreign students
• Participate strongly in GoI programs such as GIAN, VAJRA; develop Institute’s own programs modelled on these
Alumni Relations/ Fund-Raising:
• Establish tax-exempt Foundations in various geographies to facilitate donations
• Target industry for CSR funds and Naming Rights, Foundations for sponsorships
• Identify high-net-worth alumni, cultivate them for large contributions
• Grow the alumni network through social media
Perception:
• Targeted publicizing of breakthrough technologies with deep social impact
• Lecture tours for “star” faculty and Ph.D. scholars, and hosting of luminaries and opinion-makers on campus
• Departmental Advisory Committees with substantial foreign participation
• Annual Workshops on campus and abroad to disseminate latest achievements
With regards....
Prof. R. Nagarajan
Department of Chemical Engineering
Dean, International & Alumni Relations
IIT Madras
e-mail: deaniar@iitm.ac.in
Phone: +91 9444008390