Carnegie Mellon receives 35 million gift from TCS

28 August 2015

Global IT services firm Tata Consultancy Services has donated $35 million to US-based Carnegie Mellon University, stating that the aid marks a new era of partnerships between the two. For the university, the gift represents the largest gift from outside the US in its history.

Carnegie Mellon is a renowned private university with programmes in areas ranging from science, technology and business, to public policy, the humanities and the arts. To remain competitive, the Pennsylvania based university recently announced that it will build a new 40,000 square-feet facility, which will support education and research by Carnegie Mellon faculty and students. The stand-alone structure will among others house state-of-the-art facilities, providing collaborative spaces for the CMU community, as well as provide space for staff to interact with students and business leaders.

The new building follows in the footsteps of a larger expansion drive the university is currently executing. The new David A. Tepper Quadrangle, the university's major new academic hub, which will be located just east of the new TCS-funded facility, is Carnegie Mellon’s biggest campus enlargement since Andrew Carnegie founded the university in 1900.

Carnegie Mellon receives 35 million gift from TCS

As part of the deal with TCS, the Indian-origin IT services giant will donate $35 million in funding, and in return the new facility will be dubbed the ‘Tata Consultancy Services Building’. The new center will focus primarily on technology related topics such as Digital, IT, Big Data and IT-led innovation. The investment also will endow Presidential Fellowships and Scholarships, increasing access to a Carnegie Mellon for outstanding students. “With our shared commitment to education and research in areas that help address many challenges of our time, TCS' support of Carnegie Mellon is both natural and extraordinarily promising," says Carnegie Mellon President Subra Suresh. "Together, our two organisations have the capabilities to make breakthrough discoveries and the capacity to make societal impact on a global scale.”

Natarajan Chandrasekaran, Chief Executive Officer of TCS, says his company is “proud to invest in this landmark partnership”, adding that he looks forward to together with the university “promote market-driven innovation and accelerate advancements in technology.”


Grey Consulting and Makerversity announce strategic partnership

05 April 2019

Grey Consulting has forged a new alliance with Makerversity, a 500-strong community of the brightest creative innovators, headquartered at Somerset House, London. The partnership hopes to tap into the experimental community to develop pioneering solutions for Grey Consulting’s clients.

In August 2018, one of the world’s largest design agencies surprised the business world by launching a dedicated consulting outfit. The news came as the two industries continued on their trajectory towards a historic synthesis. The consulting industry has been engaged in a pitched battle with the advertising and design space for the past few years, as the former increasingly encroaches on the territory of the latter via a protracted campaign of mergers and acquisitions; but there had been little traffic moving in the other direction.

At its launch, Grey Consulting was not billed as a direct competitor to established consultancies. However, the firm behind the new entity hopes that its creative experience will give it a competitive edge in winning consulting business from its existing clients. The Grey Group is a global advertising and marketing agency with headquarters in New York City, and 432 offices in 96 countries, operating in 154 cities. Grey Consulting opened its doors with a view to aiding clients within the areas of business and brand design, innovation and digital transformations.Grey Consulting and Makerversity announce strategic partnership

Now, as the firm looks to further expand its footprint in the market, Grey Consulting has unveiled details of a ground-breaking new alliance with Makerversity, a 500-strong community of creative innovators headquartered at Somerset House, London. The alignment with Makerversity is hoped to unlock the potential of collaborating with one of the world’s most experimental communities.

Makerversity curates and convenes the best talent across product design, fashion, art and experimental architecture, sustainable materials, IoT, digital manufacturing, and coding. It provides spaces and workshops for professional makers to develop and create their work, supported by Somerset House Trust. The alliance is expected to enable Grey Consulting to develop pioneering solutions for its clients, together with innovators who make something amazing for a living, every day. 

Leo Rayman, Grey Consulting CEO, commented, “This gives our clients the potential to access a network of some of the most diverse and innovative individuals in the world today. Being so tightly connected to a community of makers means we don’t just develop transformational strategies but can quickly realise them in three dimensions. This sets Grey Consulting apart from the pure play strategy houses who are sometimes criticised for not making their thinking real at the pace modern businesses require.” 

Fiona Dent, CEO of Makerversity, added, “Makerversity acts as a catalyst for unexpected encounters, fostering collaborations between an incredible range of the brightest leading creators and innovators. Our experimental approach and engaged members, whose own practice is defining our world, create highly original new outcomes. We are delighted to bring this philosophy to a wider audience and generate interesting projects for Makerversity members through our partnership with Grey Consulting.”