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Shaw has committed an initial fund of Rs 5 crore which will go for a pool of funding to carry out scientific projects on “pandemic preparedness,” the foundation said in a press release. Projects funded by Biocon chief are expected to support efforts to prepare and respond to future pandemics.
Appreciating Shaw’s gesture, Ramakrishnan hoped it would encourage other donors to contribute. “Ignite Life Science Foundation has a crucial role to play in catalysing change,” he said.
Shaw said she was hopeful about the Ignite LSF funded researchers work and that it will “become an integral part of the global ecosystem of innovative and advanced healthcare solutions.” “I have always committed a large part of my philanthropy to back biomedical research,” she said.
The not-for-profit institution is an initiative to fund scientific projects that have potential to create a positive impact on problems relevant to India. It is managed by a group of professionals from diverse fields including scientific research, academia and management.