India: Ashok Soota promoted SKAN Medical research trust today announced a grant of Rs 20 Cr 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 and Social Sciences and Architecture and 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 INR 20 Cr to IITR.
The grant of Rs 20 Cr will be utilized by IITR towards:
- Funding of an Institute Chair Professorship, two new faculty Fellowships and one Institute Research Fellowship.
- Establishment of a wet-lab in IITR.
- Funding of joint medical research projects. The first project under this agreement has already been identified and it is in the area of bipolar disease.
Ajit K. Chaturvedi, Director, IIT Roorkee said, “Today is a momentous day in the history of IIT Roorkee. With one stroke, our alumnus Ashok Soota has made a beginning in several directions. After a long gap, we are seeing an India based IIT alumnus make such a generous grant to his/her IIT. I am delighted that this time the donor happens to be an alumnus of IIT Roorkee. It marks a new chapter in the alumni engagement of IIT Roorkee. Through this gesture, 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 Soota. We applaud his commitment to give back to society”