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Building a $100MM endowment for IIT Madras
IIT Madras Foundation Building a $100MM endowment for IIT Madras
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Outline Progress at IIT Madras What is IIT Madras Foundation? The Team
What we have accomplished? Gift Opportunities The Ask
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IIT Madras now has a holistic innovation ecosystem
The best startup ecosystem in India Cutting edge research feeding into structured startup programs
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Success examples – entrepreneurship and research
Automotive Research (CAAR)
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Progress towards achieving IITM 2020 vision
Best engineering institute (2015 & 2016) MHRD’s National Institute Ranking Framework (NIRF) Best in consultancy Rs. 174 Crore earned in according to NIRF Most patents filed by an IIT 248 patent applications so far, according to MHRD Winner in “Best on Campus” category (2016 & 2017) 4 out of 5 finalists at Economic Times Startup Awards
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What is the IIT Madras Foundation?
Vision – To transform IITM into a leading world class hub for innovation, by strengthening the research and entrepreneurship ecosystem Goals - To build an $100M endowment by 2020 Entity c3 non-profit launched in 2015 Governance – Alumni Volunteer Led and Professionally Managed
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Office of the Foundation - Volunteers and Paid Staff
Board Members Officers Professional Consultants Vijay Ullal (Chairman) (2015) Ashok Santhanam (2015) Raj Narayanaswamy (2015) Seshan Rammohan (2015) Kittu Kolluri (2016) Rohini Chakravarthy (2017) Seshan Rammohan, CEO Ranga Srinivasan, Marketing Sai Mukundan, Secretary Philip Thach CFO (2017) Shamim Pushpala, Admin (2017) Nivisha Mehta, Development (2017)
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Volunteer Team Investment Committee Fundraising Team
Faculty Alumni Team Kumar Doraiswami Shankar Nagarajan Vasanth Victor Raj Narayanswamy Sundi Sundaresh Rohini Chakravarthy Ashok Santhanam Girish Muckai Kannan Govindarajan Jayaram Kalpathy Murali Gomatam M Somasundaram Mani Iyer Ganesh Rajan Sriram Samu Rajan Srikanth Seshan Rammohan Marketing Team Database Team Ranga Srinivasan Srikanth Deshpande Sindhu Tatimatla Sajal Sahay Arjun Arora Rajesh Mani Teresa Davis Amrit Vatsa Paulette Altmaier Sagar Pushpala Vijay Ullal
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Key Achievements to Date
Gift and Pledges Endowment Pass through Gifts Operating Funds $7.2M $4.2M $2.5M $0.4M
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YTD Gifts and Pledges
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2017 - YTD Cumulative Endowments By Entities
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Endowment Gift Opportunities for the Institute
Gift Category Amount Purpose Innovation Fund $500K Enhance Entrepreneurship and Innovation Ecosystem established by IITM Incubation Cell in 2013 Undergraduate Merit-Cum-Means Student Scholarship $250K Accommodate highest number of needy and deserving students as possible Distinguished Chair $1.6M Named fund to support 3-5 researchers for up to 5 years Adjunct Chair $1.0M Named to fund for faculty member, who visits and teaches for up to 3 years Visiting Chair $600K Named fund to support short term faculty visits up to 6 months Institute Chair $100K Named fund for an award to a senior professor on payroll Research Center Interdisciplinary Laboratory for Data Sciences (ILDS)
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