The Government believes that investments in institutions of higher education and research and development are as important as investment in physical capital and physical infrastructure.

What we need, world-class universities, and there must be a beginning to an institution. We need a university is a place next to Cambridge or Oxford and Harvard and Stanford.

I am pleased that the Assembly know that we have selected the Indian Institute of Science (IISc) in Bangalore, which enjoys a good reputation as a centre of excellence in research and development. We will ensure that IISc, in a few years, a world-class university. I suggest, for an additional amount of Rs 100 crore a grant for this purpose ”

– Palaniappan Chidambaram, Minister of Finance Union, Feb. 28, 2005

This brief, but as regards the IISc May, the famous “Jewel of Bangalore” into the limelight, but once again for thousands of students and professors of science and technology, a graduate of the sylvan want and greenery of the Institute, IISc and is of particular importance - an importance as a leading institution not only in India but also overseas.

It would not be an exaggeration to say that almost IISc began the spirit of scientific research not only in southern India, but the entire sub-continent.

While the first efforts in the creation of the Institute was certainly the Jamsetji Tata, it was the report of a committee, headed by Jamsetji Tata, saw at the time Secretary of State for India, Lord Curzon (an Etonian himself), an active interest and support for Noble Prize winners Sir William Ramsay (the discoverer of noble gases like neon), to identify an ideal location for the future Institute for the Advancement ” Originally investigations in all areas of learning and to take advantage of India. ”

Sir Ramsay’s opinion acceptance of Bangalore. With the support of the court of Mysore - the Wodeyars munificent a grant of 372 hectares, the Indian Institute of Science was on the path of reality.

The first part of the way students have been admitted again in 1911 after the Maharaja of Mysore, Shri Krishnarajendra Wodeyar, has laid the groundwork. Currently, the Institute is 443 hectares of land in the city, more green space in a city whose infrastructure to burst the seams!

The creation of the University Grants Commission (UGC) for the year 1956 saw the Institute grant, as the university.

Thus, although some of India, which in the field of science and technology have been in contact with the Institute of India alongside its own Noble laureates Sir CV Raman. Others include Prof. JC Ghosh and Satish DHAWAN - one of the men contributed to India to take to the Final Frontier space.

In addition, Sir CV Raman was the first director of the Indian Institute of registration during the year 1933, but Homi Bhabha was a volunteer assistant at the Institute only a year ago. The Institute of stock plan services of volunteers, the father of modern India, Pandit Jawaharlal Nehru, the manufacturer of modern Karnataka, Sir M Vishveswaraya and JRD Tata.

So what is it that IISc is among his fellow age? An obvious answer would sweat and boredom of its faculty and its students is what it is today. Professor Goverdhan Mehta, director of the IISc in place, said that there are a few little things that contribute to a world-class institution.

“An institution, an environment conducive to creativity and excellence thrive. We were able to do so, we have a good atmosphere for the faculty and students interact. Our advantage is also conditioned by the because we anticipated the possibility of cross-disciplinary interaction, “he adds.

Another advantage, said Professor Mehta, the Institute enjoys the wealth is intellectual capital of excellence with several heads. Although Professor Mehta is very satisfied with the generosity of the FM, he believes that such funding should not be used to award only once, but on a sustainable basis.

“We need the equipment must be updated regularly. The physical infrastructure on campus must be improved. New concepts in buildings are safe and energy efficient buildings, and should be integrated in our physical infrastructure” , He adds.

In addition, while preparing the budget is around Rs 150 crore according to RS 160 crore is virtually hunger salary compared to what institutions such as Stanford and manage. The Stanford Management Company, an enterprise of the University of planning, indeed, manages both the physical and financial assets with a value of $ 10 billion (estimated Rs 44000 crore).

Stanford Foundation assets, consolidate and manage common (the new entity called the Foundation Pool), has an annualized return of 15.1 percent compared to a 10 years, so Stanford’s MEP one of the best performers of all Report of college and university foundations, according to a report from the company Cambridge Consulting Associates.