IIT Roorkee Alumni launch a unique funding initiative

First of its kind online platform amongst all the IITs across India

Roorkee, Nov 27, 2012: The Alumni of Indian Institute of Technology Roorkee, India’s leading centre of scientific and technical excellence, has launched a unique funding initiative for the students of its Alma Mater, a first of its kind initiative amongst all the Indian Institutes of Technology, with the support from Prama Jyoti Foundation, a non-profit organization.

The initiative, known as Student Alumni Association of Roorkee or SAAR, is an interactive technology enabled transaction platform specially designed for the students of IIT Roorkee. The platform would enable the Alumni of this prestigious institution to don the role of an angel investor and directly fund student projects.

The SAAR seeks to make a meaningful and positive contribution to the students and give them an opportunity to give shape to their bright concepts and ideas into a practical reality. It will be an important platform for current students to interface with IIT Roorkee’s illustrious alumni across the world and seek to create Gen Next of corporate and industry leaders.

“SAAR is a unique initiative of Prama Jyoti Foundation where the entire portal, starting from scratch has been planned and developed by the students of IIT Roorkee. In addition to creating a platform for students' project funding, SAAR aims to be the Facebook as well as LinkedIn for all IITR community across the world. The objective of this online digital platform, is to encourage student ideas and transform them into final products & services with support from IITR Alumni,” said Mr. Ravi Sharma, Chairman of SAAR and Prama Jyoti Foundation. (www.pramajyoti.org)

“At Prama Jyoti we believes that Shaping the Future aims not only to complement students' financial needs but also provide them guidance and exposure through interaction with the Alumni. We feel that experiences of the alumni will not only inspire students but will also provide intellect support to them in order to enhance their potential and achieve their best,” said Mr. Sharma, a Distinguished Alumni of IIT Roorkee Batch of 1984.

Apart from raising funds, the interactive portal – www.saar.org.in, also seeks to connect the stakeholders – both students and Alumni, socially as well as professionally.

This is a very important development for the 165 years old institution, which is today at the cusp of an imminent change as it moves towards deepening its ties with corporate India by mentoring future leaders of India Inc, with an exemplary set of qualities that would contribute immensely towards the economic and social growth of the country.

IIT Roorkee’s aim is to be the fountainhead of new ideas and innovations in science and technology and continue to be a source of pride for all Indians. It is already known for the foundation it has laid for modern engineering education and the civil engineering practices in the infrastructure development of the country.

The institution has a rich heritage of past and has a standing as one of the best technical Universities in the world and offers 19 academic departments and 3 centres of excellence.

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About Prama Jyoti Foundation:

Prama Jyoti Foundation, a forum established by Ravi Sharma – a distinguished alumnus of IIT Roorkee,1984 batch, endeavours to provide financial support , guidance and motivation to existing students of various educational bodies of India in order to help them achieve their potential and harness their talent beyond academics - be it research , projects , professional hobbies or sports.

While the Prama Jyoti Foundation has committed itself for supporting the education sector in India in its entirety, the main focus is on IIT Roorkee.

"Shaping the Future”, the main theme and program of Foundation revolves around two most important aspects of student's life : Inspire and Support. It is a delicate delivery of these two that Prama Jyoti intends to be the bedrock of its character.

The Prama Jyoti Foundation is also involved in the establishment of Institutions of Vocational Studies to provide profession aid to the rural youth for preparing them better for career or starting their own enterprise.

www.pramajyoti.org

About IIT Roorkee

Indian Institute of Technology - Roorkee is among the foremost of institutes of national importance in higher technological education and in engineering, basic and applied research. Since its establishment, the Institute has played a vital role in providing the technical manpower and know-how to the country and in pursuit of research.

The Institute ranks amongst the best technological institutions in the world and has contributed to all sectors of technological development. It has also been considered a trend-setter in the area of education and research in the field of science, technology, and engineering.

www.iitr.ac.in

For further information, please contact:

· Prama Jyoti Foundation: Mr. Ravi Sharma, + 91 98992 82827, [email protected]

· Adfactors PR : Ms. Hiral Vora, +91 97699 98892, [email protected]
 
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