The Alumni of Indian Institute of Technology Roorkee (IIT-R) has launched an online funding initiative for the institute's students alongwith Prama Jyoti Foundation, a non-profit organisation.
The initiative, known as Student Alumni Association of Roorkee (SAAR) is an interactive technology enabled transaction platform specially designed for the students of IIT Roorkee. The platform would enable IIT-R alumni to don the role of an angel investor and directly fund student projects.
The SAAR looks to provide a platform for current students to interface with IIT Roorkee's alumni across the world.
"SAAR is a unique initiative of Prama Jyoti Foundation where the entire portal, starting from scratch has been planned and developed by the students of IIT Roorkee. In addition to creating a platform for students' project funding, SAAR aims to be the Facebook as well as LinkedIn for all IITR community across the world. The objective of this online digital platform, is to encourage student ideas and transform them into final products & services with support from IITR Alumni," said Ravi Sharma, chairman of SAAR and Prama Jyoti Foundation in an official statement.
Apart from raising funds, the interactive portal – www.saar.org.in, will also seek to connect both students and alumni socially as well as professionally.