IIT Delhi initiates fundraising campaign “Going Further, By Giving Back”

NEW DELHI: Indian Institute of Technology (IIT) Delhi has launched a fundraising campaign titled - “Going Further, By Giving Back” on completion of 60 years of its establishment. The institute is reaching out to its alumni through the campaign to seek support for its strategic vision for 2030.

IIT Delhi endowment fund has kept a target of collecting pledges from its 54,000 global alumni, on hitting the 60th milestone. Alumni can vow amounts starting from 3 lakhs to 61 lakhs that can be contributed over a period of 5 years, IIT Delhi said in a statement.

So far, IIT Delhi alumni have established over 800 startups and raised about 19 billion US dollars in funds together, putting the institute in the list of world’s top ten undergraduate programmes in terms of those with the highest number of startups and capital raised by alumni, as per the statement.

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Recently, the institute launched a school of artificial intelligence; centre for transportation research and injury prevention, department of energy science and engineering, department of materials science and engineering and a department of design. It also launched masters programmes in electric mobility and public policy.

IIT Delhi fundraising campaign

On the launch of “Going Further, by Giving Back” fundraising campaign, V Ramgopal Rao, director of IIT Delhi said: "Since its establishment in 1961, IIT Delhi has nurtured and encouraged people who want to change the world by doing things differently...Our alumni community is international, with representation in almost every corner of the world. I'm very proud that this ambitious fundraising campaign will have a truly global outreach.”

Arun Duggal, chairman of IIT Delhi endowment management foundation added: “Alumni contributions to the Institute’s Endowment Fund significantly enable and sustain what is possible to do, and the speed at which it can be done. We as alumni are excited to be announcing one of India’s most ambitious university fundraising campaigns. Even more, we are proud about all the benefits it will bring for years to come for the future generations of IIT Delhi graduates.”

The institute also organised a panel discussion on “How will IITs adapt to the 22nd Century?” while launching the fundraising campaign.

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