Rakesh Kapoor, who studied at BITS Pilani from (Batch 1980), gave a donation of $1.2 million for the creation of a state-of-the-art Centre of Innovation.
BITS Pilani inaugurated a specialised “Rakesh Kapoor Innovation Centre” focused on entrepreneurship. The inaugural event took place on 8th October 2023 at BITS Pilani Campus. The Rakesh Kapoor Incubation Centre is envisaged as an integral facility for innovation and entrepreneurship at the Pilani Campus. The Centre will be the home to the business incubator, Pilani Innovation and Entrepreneurship Development Society (PIEDS), which was set up with the grant of the Department of Science and Technology (DST).
The centre will also possess multiple specialised labs in the area such as Internet-of-Things, Artificial Intelligence and Machine Learning, and Fin-Tech Labs. It will also have space for administrative offices for professionals and faculty members involved in incubation activities.