• Prof. Sukhatme presented his vision for IIT Bombay to become a world-class institution, announced a campaign to raise $100 million to provide the resources to achieve this goal and appealed to IIT alumni to assist him in making IIT one of the best universities in the world.
• The alumni group expressed its strong desire to assist the institute by pledging their contributions, but felt that the vision needed to be fully defined and communicated. They also felt that we should obtain professional help to ensure that the campaign is successful, the funds are managed appropriately, allocated appropriately and used appropriately.
• The Institute and the Heritage Fund should develop a plan to build on the momentum generated in Chicago to develop a long term vision and strategy for IIT, and to generate the funds required to implement it.

• Today - Best in India
• Tomorrow - One of the best in the world

Structure

• Departments 12
• Specialized Centers 9
• Interdisciplinary Groups 6
• Schools 2

Academic Programs

• BTech, MSc, BTech - MTech, MMgmt, MPhil, MDes, PhD

Faculty

• Current strength 370
• 100 new faculty members added in the last 5 yrs

Students

• 400 UG, 600 PG degrees
• Enrollment 4000

Infrastructure

• 11 hostels, several new buildings

Funding

• Decreased support from government on a percent basis

• Reputation

- #1 in India by India Today

- #6 in Asia by Asia Week

• Brand name

- Academic excellence in undergraduate programs

• Alumni

- Leadership in Industry, Academia and Society

 

• Reputation

• #1 in Asia
• Recognized as an institution comparable to the 1st tier US schools

• Faculty

• 10% international
• 50% international experience

• Research

• A third of faculty presenting in leading conferences

• A third of research budget coming from overseas

• IIT is recognized as one of the best institutes in the world and is seen as a trend setter
• IIT is a nucleus for a new Silicon Valley in Mumbai
• IIT never loses sites of its social commitments and never forgets its Tryst with Excellence

Leveraging all assets, including reputation, faculty excellence, alumni base to -

• Attract and retain world class faculty and students
• Build world class infrastructure
• Establish leadership in emerging fields (biotechnology, bioinformatics, etc.)
• Develop a broad base of international and domestic relationships with academia and industry

 

MIT : $ 3 Billion

Stanford : $5 Billion

Berkeley : $4 Billion

IIT Bombay : $7 Million

• Established Alumni Network

• IIT Bombay Heritage Fund
• IIT Mumbai Alumni Association

• Raised $4.5 Million

• Kanwal Rekhi, Nandan Nilekani, Parag Saxena
• 500 alumni have contributed

• Beginning of the $100 Million campaign

• Guidance on strategic vision
• Industry involvement
• Providing appropriate exposure and opportunities to faculty
• Assistance in obtaining needed resources, including faculty

• Alumni are very keen on helping IIT execute a well thought through plan to move forward to the next level and the $100 million goal is reasonable.

• The vision needs to be fleshed out fully, communicated properly and buy-in obtained from faculty, students, alumni and the government. An action plan needs to be developed along with metrics to measure progress.

• What is the core mission of the institute?
• What does it really mean? What areas will we excel in? What areas won’t we excel in? Do we have the resources to fulfil our vision?
• How does the institute implement the vision? How does it create a climate of excellence?
• The institute must be realistic in terms of the time it takes to achieve vision. Its vision is not achievable by 2008

• Need to tap into the professional expertise available

• Establish an integrated program to establish relationship with alumni
• Raising funds and setting up appropriate governance structures for managing, allocating and monitoring usage of funds
• Should develop a marketing program that can go beyond donors who have an emotional connection to IIT
• Learn from relevant best practices of US universities