IIT Delhi Announces Scholarships And Seed Funding Programs
The announcement comes with the 2nd anniversary of IIT Delhi's alumni endowment fund
October 31st, 2021 will be the 2nd anniversary of IIT Delhi having established the IIT Delhi Endowment Fund. Launched by the President of India, Shri Ram Nath Kovind, in 2019 at the Rashtrapati Bhavan, the Endowment Fund has created history in setting up a model for other educational institutes in the country to follow.
Marking the milestone occasion, the Endowment Fund Board - the governing body of the Fund comprising both alumni and administrative members of IIT Delhi - has announced, as its initial programs, the establishment of the 'Endowment Merit Scholarships' and the 'Endowment Nurture Fund', encouraging diversity in scholastic excellence and entrepreneurship amongst its students, as the Institute goes further in realising its 2030 vision and strategy.
The 'Endowment Merit Scholars Program' will provide 120 merit scholarships every year to batches of 15 women and 15 men BTech/Dual degree students for each year i.e. 1st,2nd, 3rd and 4th.
The 'Endowment Nurture Fund' aims to offer graduate students the opportunity to be awarded seed funding for their proposed ventures, encouraging them to embark on developing and nurturing their entrepreneurial ideas and aspirations, rather than seeking job placement.
While the Endowment Board is currently committing Rs 3.20 Cr annually from earnings of the endowment corpus, it expects the amounts and awardees to grow further in the years ahead.
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