IIT Madras to promote research, eyeing global Top 50 league
To encourage its bright young faculty to do quality research and publish research papers, IIT Madras has announced an incentive of Rs 10,000 per month. During 51st convocation ceremony at IIT-M, IIT Madras Director Prof. Bhaskar Ramamurthi said that number of years the incentive will continue will depend on the starting salary and experience of concerned faculty members. IIT-M has admitted 491 research scholars in its PhD programmes this year. Many foreign students too have joined IIT Madras this year – seeing a 30% rise in numbers from 96 in 2012 to 122 in 2013. Currently, industry-sponsored projects going on at IIT Madras are worth Rs 584 crore. IIT in Chennai is also actively seeking industry collaborations. The number of tie-ups between IIT-M and various industries has risen from 22 last year to 60 this year. Some of the industries that have collaborated with the institute are Hindustan Aeronautics Ltd, Biocon, BHEL, Samsung Electronics, saint-Gobain and Titan among others. ...