BITS Pilani alumni donates $1.2 million to develop Centre of Innovation

The amount will be used to fund the creation of a state-of-the-art Centre of Innovation. The donor, Rakesh Kapoor, was the Global CEO of Reckitt Benckiser from 2011-2019.

The 40,000 sq.ft. facility will include innovation labs in technology and hardware and co-working spaces. (Image credits - BITS Pilani)

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BITS Pilani today announced that it has received a $1.2 million (Rs 10 Crore) commitment from Rakesh Kapoor, one of the institute’s alumnus. The amount will be used to fund the creation of a state-of-the-art Centre of Innovation.

The 40,000 sq.ft. facility will include innovation labs in technology and hardware and co-working spaces. The innovation centre will also be home to the Pilani Innovation and Entrepreneurship Development Society (PIEDS), the business incubator of BITS.

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The announcement comes on the back of the recently announced “BITS innovation and start-up policy of 2022”, which allows both student and faculty to take up to a year off to start their own ventures.

The donor, Rakesh Kapoor, was the Global CEO of Reckitt Benckiser from 2011-2019.

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