We collaborate with an ecosystem of like-minded organizations to focus on issues of social relevance and help create technology solutions that address such issues.
Being a not for profit organisations, both IIITB and IIITB Innovation Centre qualify for receiving CSR contributions under GSR 130(E) schedule VII(ix) of the Company’s Act 2013. Hence for corporates, the CSR contributions made to IIITB and IIITB Innovation Centre will be considered as an expenditure under the CSR activities towards universities and technology incubators.
The funds received under IIITB and IIITB Innovation Centre CSR would be utilised towards:
- Nurturing technology based startups
- Organising programs for informing and educating innovators & entrepreneurs
- Supporting new ventures for development and access to latest technologies
- Skill development programs including hands on technology training
The corpus would be monitored and tracked periodically and updated to the donors on a regular basis. IIITB and IIITB Innovation Centre will ensure the corporates would be appreciated and specially thanked in related events, media etc.
Corporates (whose key objectives under the CSR policy is aligned towards our Institute’s / Innovation Centre’s goals) are welcome to reach to us and get more information. Also, if companies are finalising on current year’s CSR policy, we would request them to include “Supporting technology incubators towards development of innovation and technology” under its list of objectives.
We gratefully acknowledge CSR & Innovation support from the following organizations – towards the scaling up of our operations and our creations.