The Indian Institute of Science (IISc) will formally be notified as an Institution of Eminence (IoE) Deemed to be University on the October 11.
Under the IoE scheme, IISc will be supported by an additional ₹1,000 crore over five years, over and above its annual MHRD grant.
The IoE tag will also allow IISc autonomy in many aspects of operation, including the ability to hire foreign faculty members to constitute up to 25 per cent of its strength and flexibly utilise privately generated resources from alumni, industry and philanthropists.
IISc has committed to matching the additional support with funds raised from its own efforts. Further, IISc has committed to embark on an ambitious programme of expansion of research activities and infrastructure as well as a 20 per cent expansion of its faculty and student strength.
New interdisciplinary areas of research cutting across all branches of science and engineeringwill be seeded, maintenance and operational support will be provided to major experimental and computational facilities, and a thriving culture of post doctoral fellows acting as force multipliers will be established.
IISc’s international engagement will also be enhanced through visiting professorships, support for attending conferences, increased intake of international students and the forging of partnerships with foreign universities involving student guidance and joint award of degrees.