IIT Madras deploys CSR funding to great effect in societal projects and Business incubators.
Work and Achievements
Business houses from different parts of the country have come forward as partners to support socially relevant projects at IIT Madras using their Corporate Social Responsibility (CSR) budget. IIT Madras has received support for its Incubators and also for faculty R & D projects with social impact.
Bangalore-based Titan Company Limited, AMEX, Goldman Sachs, Chennai-headquartered Cholamandalam Investments and Finance Company Limited, and others have both provided support to the IIT Madras incubators that are recognised by Government of India.
A company based in Manali, Chennai has supported water and waste management work in a nearby village a few kilometres away from their base of operation. This 3 year project was carried out by a team of Professors and students from IIT Madras.
Pune-based Aricent have partnered with the IIT Madras National Programme on Technology Enhanced Learning (NPTEL). The CSR support has been given to create free online course material, enable transcription into vernacular of certain courses and support examination fess of deserving candidates. Around 56,000 students have benefited from the scholarship. Other companies are now coming forward to support NPTEL.
The TTK Group having its Corporate Office in Bangalore has supported the "TTK Center for Rehabilitation Research and Device Development (R2D2)". The Centre conducts research related to human movement, the influence of orthotic and prosthetic devices on human movement, and the design and development of mechanisms, products and assistive devices for people with impairments. Additional support for this group has been provided by the Wellcome Trust for the specific development of a standing wheelchair.
Fund Utilisation Statement
Development of an Awareness Module for Open-Source RISC-V ISA.