New Delhi: The Indian Institute of Management, Ahmedabad (IIM-A) on Tuesday received a grant of Rs1 crore from US technology company Hewlett-Packard Co. for developing an education innovation bank.
Overall, as part of its education innovation fund for India, HP awarded grants of $1 million (about Rs 5.54 crore) to education providers in the country.
“This is the first time we gave direct grants and depending on the success, we will continue to fund more education projects,” said Neelam Dhawan, managing director of HP India Sales Pvt. Ltd.
The education innovation bank to be developed by IIM will aim to improve the quality of education in government schools by building on the innovative works of public school teachers.
It will validate innovations in teaching and spread the ideas through an online platform that will have a searchable electronic database and localized teacher development networks.
Vijaya Sherry Chand, an IIM-A professor in-charge of the project, said his efforts will be to take grassroots innovation to the mainstream and scale up the quality of education in all underdeveloped districts, including militancy affected ones.