New Delhi: Rakesh Kapoor, a graduate of BITS Pilani, has pledged a commitment of $1.2 million (about Rs. 10 crore) to the institution. The money will go toward building a cutting-edge centre for innovation.
The 40,000 square foot building at BITS Pilani will have co-working areas and hardware and software innovation labs. The Pilani Innovation and Entrepreneurship Development Society (PIEDS), the BITS business incubator, will also call the innovation centre home.
The news follows the recent release of the "BITS innovation and start-up policy of 2022," which permits both staff and students to take up to a year off to launch their own businesses.
Rakesh Kapoor, the donor, served as Reckitt Benckiser's global CEO from 2011 until 2019.
On his gesture, Kapoor, who had studied at BITS Pilani from 1975 to 1980, said, “My hope is that this gift will foster the talent of young engineers and scientists to create innovative products, solutions and services that benefit our planet and our people.”
Prof Souvik Bhattacharyya, Vice Chancellor, BITS Pilani, said, “This generous act of philanthropy by Mr. Rakesh Kapoor will undoubtedly have a lasting impact, as it aligns with one of the top institutional priorities and reinforces the culture of innovation and entrepreneurship that BITS has championed for several decades.”
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