IIT Madras has around 8,000 students and 650 faculty members, with plans to increase the faculty to 750 by 2016. The institute focuses on academic, translational, and transformational research through large research centers involving 5-25 faculty members and funding of Rs. 20-100 crores. IIT Madras has research collaborations with industry through an Industry Connect Programme and Research Park, and also incubates over 50 startup companies. It offers online education programmes including NPTEL courses, MOOCs, and an online MTech, as well as plans to launch new executive master's programmes in the evenings for working professionals in industries like automotive, wireless technology, and construction.