IIT Roorkee gets grant of Rs 20 Cr from SKAN Medical research trust

SKAN Medical research trust,promoted by serial entrepreneur Ashok Soota,has 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.
SKAN is a public charitable trust set up for Medical research by the Soota and Karedan families with funds commitment of Rs 200 Crores. SKAN was launched on April 5, 2021. SKAN denotes scientific knowledge for ageing and neurological ailments. Ashok Soota is Chairman/Managing Trustee for SKAN and Davis Karedan is Chief Operating Officer/Trustee.
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 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.