IIT Madras generates over ₹1,000 crore in funding for financial year 2021-22
The Hindu
This is the highest amount generated so far in the institute’s history; a major portion of the funding came from the institute’s centre for industrial consultancy and sponsored research
The Indian Institute of Technology, Madras (IIT-M) has generated over ₹1,000 crore in funding and revenue for the financial year 2021-22.
The institute’s centre for industrial consultancy and sponsored research (ICSR) earned ₹768 crore from projects sanctioned by State and Central governments and another Rs. 313 crore from industry consultancy. Manu Santhanam heads the ICSR currently.
The major projects that brought in funds include education through information and communication technology using direct-to-home tech, headed by faculties K. Mangala Sunder and Arun Tangirala, amounting to ₹300.28 crore.
The Centre of Excellence for Road Safety, headed by Venkatesh Balasubramanian brought in ₹99.5 crore. Hema A. Murthy, who heads the Speech Technologies in Indian Languages brought in ₹50.6 crore and Mittesh Khapra, who heads Collecting Datasets and Benchmarks for Building Indian Language Technology brought in ₹47 crore.
Director V. Kamakoti said the ICSR’s performance was aligned with the strategic plan of the institute, adding: “This is a reflection of our increased interaction with funding agencies and industry.”
Mr. Manu Santhanam credited the achievement to programmes such as NPTEL, online BSc degree programmes and the direct-to-home initiative, high-calibre faculty, and infrastructure for research. The institute’s consistent performance in NIRF rankings also boosted its stature.
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