Mumbai In a novel initiative, the Indian Institute of Technology-Bombay (IIT-B) raised ₹55.41 lakh through a fundraising campaign.
While donations from the alumni are a regular affair for the Institute of Eminence, this is the first time that it has made a dedicated effort to raise capital to fund various aspects of academics and research from its alumni network. Launched in February, Cherish IIT Bombay is the first-ever annual fundraising campaign of the institute.
In its first chapter, the campaign, launched only in India, ran for six weeks, during which time IIT-B was able to connect with 164 alumni members, who donated a total of ₹55.41 lakh.
“The main objective this time has been to connect them and also to inculcate a thought of donating every year,” said Suhas Joshi, dean, alumni and corporate relations, IIT-B.
The funds raised will be used for the creation of…
