Plaksha University, an upcoming collective philanthropic venture in Mohali (Punjab) at a project cost of about INR 2,000 crore over 10 years backed by leading technology entrepreneurs, business leaders and corporates, on Oct 20 announced a strategic collaboration with Bharti Foundation, the philanthropic arm of Bharti Enterprises – one of India’s leading business groups. The University will commence operations in 2021.
As a part of the strategic collaboration with Plaksha, Bharti will infuse funds towards infrastructure support for construction of the academic block, and provide scholarships to undergraduate/graduate students from economically disadvantaged backgrounds. Bharti has plans to additionally collaborate with Plaksha to set up the ‘Bharti Innovation Park’, which will be executed over a period of 7-10 years. The Innovation Park will primarily focus on industry driven research, innovation and entrepreneurship and also have a startup incubator, a research park and several community activities.
Announcing the partnership, Rakesh Bharti Mittal, Vice-Chairman, Bharti Enterprises and Co-Chairman, Bharti Foundation said, “We are delighted to partner with Plaksha University to lay a solid foundation for transforming the Indian education system into a vibrant knowledge hub. With a common shared vision, we will jointly work towards the creation of a world-class technology institution for providing high-quality education across research, design, innovation and entrepreneurship to students, enabling them to be future-ready. We are confident that the Institute will emerge as a pioneer in the technology education space and help in establishing India’s position as a major technology hub for innovations.”
Commenting on the partnership, Neeraj Aggarwal, Chairman – Asia Pacific, Boston Consulting Group, and Founder and Trustee, Plaksha University said, “Plaksha is spearheading a movement to reimagine technology education and research in India. This collaboration will further strengthen our founder group of 60+ leading technology entrepreneurs, business leaders and corporates who have come together from India, US, UK, Singapore and Japan.”