19th December 2023 at 3:14 PM
Tim Guleri, joined virtually through MoU signing ceremony
Chandigarh: 19th December 2023: (KK Singh//Education Screen)::
In an unprecedented move indicative of the changing times, Punjab Engineering College, Chandigarh, and its esteemed alumnus Mr. Tim Guleri, joined forces virtually through an online Memorandum of Understanding (MoU) signing ceremony conducted over Zoom on 19/12/2023 at 11:00 AM IST. Dr. Baldev Setia, the Director of PEC, officially inked the agreement on behalf of the institution. The online ceremony marked a historic moment as both parties embraced technology to solidify their commitment to collaboration in the fields of education, research, and innovation.
As part of the MoU, Tim Guleri, Managing Partner at Sierra Ventures, USA, has made a generous financial contribution of Rs. 1,02,00,000 to Punjab Engineering College. This significant contribution will fund scholarships for eight economically weaker yet academically brilliant students, further emphasizing the commitment to fostering education and inclusivity.
Dr. Baldev Setia, Director of Punjab Engineering College, expressed enthusiasm and gratitude for Tim Guleri's philanthropic gesture, stating, "We are deeply appreciative of Mr. Guleri's commitment to supporting the educational aspirations of our students. This contribution will make a significant impact on the lives of eight deserving students, allowing them to focus on their studies and achieve academic excellence."
Tim Guleri, an alumnus of the Class of 1986 in Electrical Engineering at PEC, remarked, "Signing the MoU virtually brings back memories of my time at Punjab Engineering College. "Education has the power to transform lives, and I am honored to contribute to the education of promising students at Punjab Engineering College. These scholarships are an investment in the future, and I believe that by supporting talented individuals, we can unlock their full potential and contribute to the development of our society."
Since 2001, Tim Guleri, as Sierra Ventures' Managing Director, led successful ventures, emphasizing Big Data and Artificial Intelligence. Triumphant public offerings like Sourcefire ($FIRE) and MakeMyTrip ($MMYT) underscore his deep understanding of emerging technologies. With a notable track record, founding Scopus Technology (IPO in 1995) and leading Octane Software (M&A – Epiphany $3.2 billion), Mr. Guleri has been pivotal in shaping the industry.
The scholarship program is expected to commence from the upcoming academic year, and the selection process for eligible candidates will be conducted in a transparent and merit-based manner. The scholarships will cover tuition fees to ensure that the recipients can fully focus on their education without financial constraints.
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