Simultaneously he started assembling computers to generate fund for expansion and pay rental of the house at Kahilipara. In the year 2005 Shri M Hoque created Education Research & Development Foundation (ERDF) and in the year 2009 started the engineering college which is known popularly toady as Regional Institute of Science and Technology (RIST), which approached North Eastern Development Finance Corporation Ltd (NEDFi) for project financing. Seeing the successful journey from 4 computer to an engineering college and zeal of the founder Shri Mahbubul Hoque, NEDFi sanctioned initially Rs 10 crores to ERD Foundation for development of infrastructure for RIST and subsequently another 7.5 crores was also sanctioned seeing the performances by ERDF. NEDFi considered the initiative as successful entrepreneurial model in this north eastern part of the country and accordingly selected for ‘NEDFi Award 2015’. The Founder and Chairman of ERD Foundation Shri Mahbabul Hoque received the prestigious award from Shri B P Muktieh., the Chairman and Managing Director of NEDFi on August 9, 2015 in a colorful event at NEDFi house Guwahati.
With a vision to create a foundation to build the world class institutions in this Northeast region, ERDF has overcome many barriers in its way to establish a University of Science and Technology, Meghalaya(USTM) in the year 2012, and a Women’s college, two CBSE affiliated schools, two professional colleges and a B.Ed College, with the strength of 6500 students, 300 faculty members and 350 non-teaching staffs.
Shri Mahbubul Hoque expressed his gratitude to NEDFi and said that it will boost the level of commitment of entire ERDF family to work with more dedication and enthusiasm in spreading quality education in Northeast.