Indian Institute of Management Calcutta manages an endowment fund which is based in Kolkata, West Bengal. The Indian Institute of Management Calcutta (IIMC) was established as the first national institute for Post-Graduate studies and Research in Management by the Government of India in collaboration with Alfred P. Sloan School of Management (MIT), the Government of West Bengal, The Ford Foundation and Indian industry. The assets are managed by the board of governors.Indian Institute of Management Calcutta is not currently invested in venture capital.