Endowment

Description:

To encourage students to take interest in research at early-stage augurs well for the institution in building a robust research pool of talented students. IIT Hyderabad (IITH) proposed to set up an Award for "Research Excellence" to be given annually for one B.Tech student in the Materials Science and Metallurgical Engineering department who is excellent in research area during their academic period.

The amount required to set up the endowment is Rs. 5.0 Lakhs ($ 7,000). Apart from this the donor may contribute Rs. 25,000 towards the first-year award, as the endowment would take a year to yield the returns.

The chosen awardee will be given an award money of Rs. 25,000 and a citation. The award is proposed to be set up as an endowment, and the returns earned at an average of 5% would support the prize and the citation.

Selection Criteria:

1. IITH will set up a process of inviting applications, evaluating the applicants and choosing the winner, through a committee.
2. The donor can name the endowment.
3. A committee of eminent faculty from IITH will be formed who will evaluate the entries and determine the Best B.Tech student in the research area.

Validity of the naming Right:

The naming rights are offered for a period of 10 years. However, in the event of the endowment amount being insufficient due to lower yields, or the management enhancing the prize money, the institute would approach the donor for a top up fund to meet the additional requirement.

If due to any compelling reason the name given to the endowment needs to be changed, the institution may approach to the donor to provide an alternative name.

Benefits to the donor:

An opportunity to be associated with an imminent higher education institution.