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President launches IIT Delhi’s ₹250 crore alumni endowment fund


President launches IIT Delhi’s ₹250 crore alumni endowment fund

 


Hon’ble President of India, Shri Ram Nath Kovind, launched the ‘IIT Delhi Endowment Fund’ at Rashtrapati Bhavan on 31 Oct 2019.

Initial commitment of Rs 250 Cr was made by over 10 founder alumni.

The institute aims to achieve a target corpus of $1 billion over a period of 7 years for the newly launched fund that will work towards the development of the institute, encourage innovation and entrepreneurial spirit.