Prem Watsa, Canada NRI Donates US$ 5 Million to
IIT Madras
for Brain Research
Los Angeles/Jun 26, 2024
NRIpress.club/Ramesh/A.Gary Singh
A prominent Canadian financial company ‘Fairfax Financial Holdings Limited’established by IIT Madras alumnus Prem Watsa, is set to support the research efforts of IIT Madras' Sudha Gopalakrishnan Brain Centre with a substantial research grant of US$ 5 million (approximately INR 41 crore).
Watsa, who graduated from IIT Madras in 1971 with a First Class degree in Chemical Engineering and received the Distinguished Alumnus Award in 1999, is excited about this contribution.
The Sudha Gopalakrishnan Brain Centre, inaugurated in March 2022, is driving a global project to image the human brain at the cellular level, aiming to generate unprecedented human brain data, scientific output, and technological tools.
Praising the work at the Centre, Prem Watsa, Founder, Chairman, and CEO of Fairfax Financial Holdings Limited, remarked, "The quality of research and the dedication of the team at IITM’s Sudha Gopalakrishnan Brain Centre are truly exceptional. Their technology platform, which produces high-resolution images of human brains, is unique and has significant potential to advance our understanding of the brain and develop solutions for complex brain diseases."
Watsa continued, "To tackle this complexity, they are collaborating with brain researchers worldwide. Fairfax is proud to support this pioneering R&D work, and we wish them great success in their future endeavors."
Kris Gopalakrishnan, Co-founder of Infosys and Distinguished Alumnus of IIT Madras, who was instrumental in establishing the Centre, added, "I commend Mr. Prem Watsa for his contribution to the Brain Centre at IIT Madras. This generous support enhances the backing the Centre has already received from various philanthropic and CSR funds, enabling it to scale up its research on the human brain atlas."
The donation was facilitated by the Canadian Friends of IIT-Madras (CFIITM), a charity registered with the Canadian Revenue Agency (CRA), which aims to promote the interests of IIT-Madras among its Canadian alumni and the broader Canadian community.
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