IIT-Madras gets 513 crore funding from alumni, corporates and philanthropists
10 months, 2 weeks ago

IIT-Madras gets 513 crore funding from alumni, corporates and philanthropists

The Hindu  

The Indian Institute of Technology, Madras, has raised 135% more funds in 2023-24 than in the previous financial year, Institute director V. Kamakoti, said here on Wednesday. The corporate partners have committed ₹262.2 crore and the alumni would provide ₹455.6 crore,” he said. The top 10 causes that the alumni support, include student scholarships, student wellness, indoor sports centre, research in advanced technology, such as AI and data science, diabetes and wind energy. The top 10 causes that corporates have supported, include funding for research in the institute’s Brain Centre; anatomy lab for the Department of Medical Sciences and Technology; research to develop sustainable supply chains; working to reduce energy consumption in MSMEs; setting up e-mobility simulation lab; research on integration of hydrogen and solar energy and scholarships for BS degree in Data Science. Kaviraj Nair, CEO, office of Institutional Advancement at the institute, said funds from alumni and corporate donors are used to support cutting edge research, provide student scholarships and develop the campus.

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