Two WRCB-funded projects receive HEFA’s CSR funding

August 31, 2023

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WRCB is excited to share that two of its funded projects—ShapeDx: A high accuracy point-of-care sickle cell kit by Prof. Debjani Paul, BioSciences and BioEngineering, and Development and CE certification of the close-to-commercial model of MyTMD IoT-based customized tinnitus device and TMe-solution management software—by Prof. Maryam Shojaie Baghini, Electrical Engineering have each received additional support via CSR from Higher Education Financing Agency (HEFA).  

The Ministry of Education, the Government of India, and Canara Bank have partnered to form HEFA to finance the development of capital assets in prestigious educational institutions in India. The Indian Institute of Technology (IIT) Bombay's non-profit IIT Bombay Development and Relations Foundation (IITBDRF) catalyzed the connection. The projects' advancement to higher technology readiness levels (TRLs), prototyping, and field testing will be accomplished with the help of CSR financing. 

CSR is a crucial source of funding for the development of high-impact research in the sciences. Deep science R&D at institutions of higher learning like IITs is receiving financing from an increasing number of business enterprises. To know more about the impact of our funded projects and those that are seeking CSR support, please visit our CSR information page.

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