The Indian Institute of Delhi aka IIT-D is planning to raise an external funding of Rs. 550cr this year for R&D. It will be added to the current fund of Rs. 400Cr which was raised in the last year.
In addition, the Indian government will also allocate a grant of Rs. 1000cr to IIT-D in the coming five years for it being titled with coveted institute of eminence (IoE) tag. Being an IoE tagged college, an institute needs to raise its bar of research work to get an edge over other global institutions.
In the past two years, the IIT Delhi R&D activities have shown a promising growth because of research focus on thematic areas of interest. According to R&D Dean, IIT-D, B R Mehta, all the research projects undertaken at IIT-D are either industry-driven or industry-focused. In the upcoming academic year, the institute has a target of raising the R&D fund of 550cr.
Since 2017, IIT Delhi has been laying its emphasis over industry and society relevant research projects. That time, IIT could manage to attract a funding of Rs. 100cr only. IT surpassed the four times of 2017 in the previous two years with a funding of Rs. 400cr each year.
IIT-D received 15% funds from industry, 75% from government and rest from the national & international organizations and institutions. Except of external funding, the IIT-D also invests its internal funding in research projects.
Presently, IIT-D researchers are involved in over 500 research projects which are going to last for two years. In previous academic session, it fetched about 220 new projects and a funding of Rs. 400cr.