Endowment

Description:

Technology is evolving at a fast pace these days and involves multiple disciplines to work together to take advantage of the evolving opportunities.

Centers of excellence (CoEs) are an excellent way by which multidisciplinary research can take place. These CoEs will draw researchers from various disciplines and pursue research in a particular domain. The CoE will equip itself with the latest equipment and other shared facilities to enable research. The endowment fund may range from Rs. 5 - 50 Cr ($ 700,000 - $ 7,000,000).

Selection criteria and operations of the center:

1. The Institution can decide on the CoE based on the need for research and the adequacy of researchers to work on the chosen area of research. The donor can also suggest a specific domain in which a CoE can be established provided adequate critical mass exists at IIT Hyderabad (IITH).
2. The CoE will be headed by a Professor In-charge for managing the day to operations.
3. The CoE will pursue scientific research and industry-sponsored research.
4. The CoE also will be engaged in knowledge dissemination by conducting technical conferences and symposia/workshops and skill development activities.
5. The cCoE will also provide a platform for knowledge expansion for industry professionals.

Naming the center by the donor:

1. Donors can name the CoE as per their wish.
2. The endowment amount required for the setting up of a CoE is Rs. 5 - 50 Cr ($ 700,000 - $ 7,000,000). This will depend on the size and scope of the center.
3. The donor shall ensure that the proposed name is enhancing the reputation of the institute.
4. The returns of the endowment are subject to varying yields over time. Hence, IITH may reach out to the donor for a suitable top-up at a future date if the need arises.
5. Currently the returns out of endowment are pegged at 5%.
6. The research coming out of the center will use this center’s name in communications, research paper presentations, and publications.
7. Periodic interactions for the donors with the Professor-in-charge of the center can be possible based on mutual conveniences.

Validity of the naming right:

The naming right will be for a period of 10 years' subject to extension on additional top-up contributions to sustain the infrastructure. This will be based on mutual agreements.

Benefits to the donor:

An opportunity to be associated with an eminent higher education institution and create a positive impact to the nation’s growth.