 "Ashok Soota-promoted SKAN research trust grants Rs 20 cr to IIT Roorkee")
Ashok Soota promoted SKAN Medical research trust today announced a grant of Rs 20 crore to IIT Roorkee towards sponsoring a Chair Professorship, three Faculty Fellowships, creation of a lab and funding of joint research projects.
IIT Roorkee (IITR) is engaged in teaching and research in Science, Engineering, Management, Humanities & Social Sciences and Architecture & Planning disciplines. In particular, IITR is engaged in research in the field of Biological Sciences and Bioengineering. As part of its support to medical research in India, SKAN has agreed to provide a grant of Rs 20 crore to IITR.
Ashok Soota, Chairman, SKAN Trust said, “I am delighted to have this opportunity to give back to my alma mater through this grant. There is negligible private funding towards medical research in India and I was pleased to see that IITR is doing excellent work in this area. I see this as a good opportunity for me to contribute and also fulfill these needs of IITR.”
The grant of Rs 20 crore will be used by IITR to:
· Fund an Institute Chair Professorship, two new faculty Fellowships and one Institute Research Fellowship.
· Set up a wet-lab in IITR.
· Fund joint medical research projects. The first project under this agreement has already been identified and it is in the area of bipolar disease.
B V Mohan Reddy, Chairman BoG, IIT Roorkee said, ”A big thank you Mr Soota for giving back to your alma mater. Your generous funding will give further momentum to Biological Sciences and Bioengineering research at IITR. ”
Prof Ajit K Chaturvedi, Director, IIT Roorkee said, “...Through this gesture, Mr Soota has also made a beginning in terms of directing private funding to support medical research in India. We are proud that our Institute has produced an alumnus as accomplished and innovative as Mr Soota. We applaud his commitment to give back to society."
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%