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Home Corporate Social Responsibility

Ashok Soota investing Rs.200 Cr in SKAN Medical research trust for Ageing and Neurological disorders

India CSR by India CSR
April 4, 2021
in Corporate Social Responsibility
Reading Time: 2 mins read
Ashok Soota investing Rs.200 Cr in SKAN Medical research trust for Ageing and Neurological disorders
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Ashok Soota announced the creation of SKAN, probably India’s first not-for-profit entity in the private sector, exclusively for medical research.

Soota also announced funds commitment of Rs.200 Crores for SKAN. Out of this, Rs 100 crores is earmarked for partners such as St John’s, Centre for Brain Research (CBR), IIT-Roorkee, NIMHANS and any new partners which may be added. Rs.100 crores is earmarked for investments in SKAN and direct projects within SKAN.

Ashok Soota said “it will take 10 years to build a world class institution for Ageing and Neurological research. I am grateful to two eminent leaders who have agreed to take charge as Chairpersons for the two divisions in case of an exigency to me if line leadership is not ready to take charge. I have had this exigency-based arrangement in every organization I started, be it MindTree or Happiest Minds.”

For problems related to both ageing and neurological disorders, the philosophy of the research will include searching for kinder, gentler therapies; delaying the onset and slowing down the progression of the disease and providing persons a better quality of life even as they live with the illness.

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For Neurological research, the plan will be to go deep into select areas like Parkinson’s disease, Bipolar disorders, Strokes and other Cerebrovascular disorders.

The research for the projects will be done through reputed partners, and directly in-house. The strategic partner for Neurological research is the Centre for Brain Research (CBR) at Indian Institute Science, Bangalore (IISc). CBR is putting together a consortium to handle the first project on Parkinson’s disease.

The strategic partner for Ageing is the upcoming St. John’s Geriatric Centre (SJGC), to be located on the St John’s Hospital campus. Soota has agreed to fund the setting up of the Centre for Research in Ageing and Geriatrics (CRAG) at the SJGC and to support joint projects. In Ageing, the approach will be to go wide into relatively under-researched areas and will include the establishment of a large community-based research cohort.

Ashok Soota (born 12 November 1942) is an Indian IT entrepreneur who served for more than 30 years in the IT industry. He is a serial entrepreneur and the executive chairman and co-founder of Happiest Minds Technologies.

SKAN is on the lookout for talent including CEOs for the Ageing and Neurological divisions and many other positions. Please visit SKANrt.in for the positions to be filled and send an email to Talent@SKANrt.in.


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Tags: Ashok SootaSKAN Medical research trust
India CSR

India CSR

India CSR is the largest media on CSR and sustainability offering diverse content across multisectoral issues on business responsibility. It covers Sustainable Development, Corporate Social Responsibility (CSR), Sustainability, and related issues in India. Founded in 2009, the organisation aspires to become a globally admired media that offers valuable information to its readers through responsible reporting.

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