Mumbai: Carnegie Mellon University and Tata Consultancy Services (TCS) today announced a $35 million gift from TCS to the university, marking a new era of partnerships between leaders in industry and academia.
Representing the largest corporate gift to CMU, and from outside the US, this donation will fund a new facility, the Tata Consultancy Services Building, which will support education and cutting-edge research by CMU faculty and students. At approximately 40,000 sq. ft., the stand-alone structure will house state-of-the-art facilities, providing collaborative spaces for CMU faculty and staff. The building will provide space for TCS staff to interact with CMU faculty, staff and students.
The gift also will endow Presidential Fellowships and Scholarships, increasing the availability of a CMU education to outstanding students. In doing so, TCS, which has been at the forefront of national and grassroots campaigns to encourage science, technology, engineering, and math education, will help equip Carnegie Mellon undergraduate and graduate students with the knowledge they need for future careers.
“With our shared commitment to education and research in areas that help address many challenges of our time, the partnership with TCS is both natural and extraordinarily promising,” said Subra Suresh, President of Carnegie Mellon. “Together, our two organizations have the capabilities and capacity to make breakthrough discoveries, and the scale to make societal impact on a global scale.”
“TCS is proud to invest in this landmark partnership with CMU to promote market-driven innovation and accelerate advancements in technology,” said Natarajan Chandrasekaran, CEO & MD of TCS. “As global leaders, Carnegie Mellon and TCS have the intellectual power, creativity, institutional nimbleness, and global reach to capitalize on new opportunities and have a lasting impact on society and industry through cutting-edge digital research and a long-term commitment to education.”
TCS joins a growing group of major technology companies moving to the Pittsburgh region in recent years. More than 250 companies now have partnerships with CMU. This groundbreaking collaboration with a multinational company headquartered outside the US, marks a new chapter in the region, joining a rich ecosystem of entrepreneurship supported and catalyzed by the university.
Since 2008, CMU faculty, students and alumni have created 215 new companies.
Kerala IT News