News: IIMs find innovative ways to raise funds

#Updates

IIMs find innovative ways to raise funds

Indian Institutes of Management, the premier B-schools are finding innovative ways to raise money in an attempt to attract faculty and keep their activities going. Some are entering into corporate tie-ups, while others are applying the academic approach to fund-raising. For instance, IIM Bangalore has signed a MoU with startup CrowdAnalytix where the institute will earn on royalty basis; IIM Lucknow will be starting a six month e-learning programme for executives and also plans to provide services in business analytics. At the same time others like IIM Rohtak is aggressively tapping corporate alliances; IIM Calcutta is banking on management development programme and in-company training while IIM Tiruchirapalli is in the final stages of discussion with a nationalized bank to set up a faculty chair in the form of a grant worth Rs.3 crores. Industry inflow of funds is not much and hence the need for institutes to adopt these measures to generate own funds.

Indian Institutes of Management, the premier B-schools are finding innovative ways to raise money in an attempt to attract faculty and keep their activities going. Some are entering into corporate tie-ups, while others are applying the academic approach to fund-raising. For instance, IIM Bangalore has signed a MoU with startup CrowdAnalytix where the institute will earn on royalty basis; IIM Lucknow will be starting a six month e-learning programme for executives and also plans to provide services in business analytics. At the same time others like IIM Rohtak is aggressively tapping corporate alliances; IIM Calcutta is banking on management development programme and in-company training while IIM Tiruchirapalli is in the final stages of discussion with a nationalized bank to set up a faculty chair in the form of a grant worth Rs.3 crores. Industry inflow of funds is not much and hence the need for institutes to adopt these measures to generate own funds.

Source: The Economic Times

Topics: #Updates, #Jobs, Campus Recruitment

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