Infosys does India proud again – announces Infosys India Prize

Two years back Infosys does proud to the country by instituting ACM Infosys Foundation Prize for contributions to computer science. With a prize amount of  $ 150,000 (for scientists preferably below the age of 40) it was the first global prize instituted by an Indian corporation. They also instituted the Infosys Mathematics Prize with a grant of Rs 10 Lakhs to be administered by NIAS every year.

Infosys followed it up with another Nobel-like Prize each of $ 10,000 (Rs 50 Lakhs) in the areas of

  1. Physical Sciences
  2. Mathematics & Statistics
  3. Biological Sciences
  4. Engineering Science including Computer Science
  5. Economics & Social Sciences 

for contributions that enhance the prestige of India with work done primarily in India by scientists in the 40- age group.

This was announced today in Bangalore.

This is bound to attract younger talent (that has increasingly moved towards high paying corporate jobs only) to contribute to Science.

Once again a first in India; most prizes for Science in India are in the range of Rs 50,000 to Rs 5,00,000, whereas Infosys India Science Prize is for Rs 50,00,000.

Infosys does the country proud once again; interestingly, most of the contribution will come from seven Board members (about Rs 22 crores) with Infosys only providing $ 1 million every year.

IIIT-B is lucky to listen to this announcement right from Chairman Mr NR Narayana Murthy the very day it was announced to the world (the newspapers will get it only tomorrow!)

Mr. Narayana Murthy as Chairman of IIIT-B Board addressed the students for 10 minutes before the Board meeting (2:50 to 3 PM) when he talked about Infosys India Prize while answering the question from the students who wanted to know as to why there is a very low research output in India.

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