Tata Consultancy Services (TCS) announced a $35 million donation to the Carnegie Mellon University to fund a new facility called the Tata Consultancy Services Building in order to support education and research by CMU faculty and students.
The proposed 40,000 square-feet structure will be providing collaborative spaces for CMU faculty and staff, and space for TCS staff to interact with CMU faculty, staff and students. The university has started work on the David A. Tepper Quadrangle, the university’s major new academic hub, which will be located east of the new TCS facility.
The donation will endow Presidential Fellowships and Scholarships. TCS will equip Carnegie Mellon undergraduate and graduate students with the knowledge they need for future careers.
“TCS is proud to invest in this landmark partnership with CMU to promote market-driven innovation and accelerate advancements in technology,” said Natarajan Chandrasekaran, chief executive officer and managing director of TCS.
More than 250 companies now have partnerships with CMU. Carnegie Mellon ranks first in startups per research dollar, according to the Association of University Technology Managers. Since 2008, CMU faculty, students and alumni have created 215 new companies.