IIT Delhi announces scholarships, seed funding to mark Alumni Endowment Fund’s 2nd anniversary

IIT Delhi to provide 120 scholarship under Endowment Merit Scholars Program, Endowment Nurture Fund to offer seed funding to graduating students' ventures.

IIT Delhi announces scholarships, seed funding to mark Alumni Endowment Fund’s 2nd anniversary IIT Delhi announces scholarships, seed funding to mark Alumni Endowment Fund’s 2nd anniversary
Tamanna Tamang | Oct 20, 2021 - 4:37 p.m. IST
Share Via

NEW DELHI: Indian Institute of Technology announced Endowment Merit Scholarship and Endowment Nature Fund to mark the second anniversary of its Alumni Endowment Fund.

Recommended: [Check your admission chances in IITs/ISM based on your JEE Advanced Rank] Start here- JEE Advanced College Predictor]

IIT Delhi established the IIT Delhi Endowment Fund on October 31, 2019 which was launched by President of India, Ram Nath Kovind at the Rashtrapati Bhavan. The institute will celebrate the second anniversary on October 31.

Also Read | IIT Delhi to offer BTech programme in Energy Engineering from 2021 academic session

“Marking the milestone occasion, the Endowment Fund Board - the governing body of the Fund comprising both alumni and administrative members of IIT Delhi - has announced, as its initial programs, establishment of the “Endowment Merit Scholarships” and the “Endowment Nurture Fund”, encouraging diversity in scholastic excellence and entrepreneurship amongst its students, as the institute goes further in realising its 2030 vision and strategy,” said a press statement.

Also Read | IIT Gandhinagar to host JEE Open House on October 23

The Endowment Merit Scholars Program will sponsor 15 women and 15 men pursuing BTech/Dual degree for each year i.e. 1st ,2nd, 3rd and 4th by provide 120 merit scholarships every year.

The Endowment Nurture Fund will offer graduating students the opportunity to be awarded seed funding for their proposed ventures. The Nurture Fund aims to encourage the IIT graduates to nurture their entrepreneurial ideas and aspirations, rather than seeking job placement.

Also Read | IIT Guwahati introduces BTech in Data Science and Artificial Intelligence

The IIT Delhi's Endowment Board is currently committing Rs 3.20 Cr annually from earnings of the endowment corpus. The board expects the amounts and awardees to grow in the upcoming years.

Congratulating the Endowment Board members and founders V. Ramgopal Rao, director, IIT Delhi and chairman of the Endowment Fund Board said, “IIT Delhi has taken a historic step with the establishment of the Endowment Fund, and it is encouraging to receive the collective support of our alumni towards the realisation of the Institute’s vision. The Endowment initiative has also helped the Institute connect with the alumni at a deeper level and engage them on a variety of activities.”


Follow us for the latest education news on colleges and universities, admission, courses, exams, schools, research, NEP and education policies and more..

To get in touch, write to us at news@careers360.com.

Know More About
Download Brochure
Back to top