Prashanth Prakash: Venture capitalist Prashanth Prakash commits to IISc to fund Bagchi Hospital Geriatrics Unit

Chairman of Karnataka Startup Vision Group, venture capitalist Prashant Prakash Thursday reached a memorandum of understanding with the Indian Institute of Science (IISc), committing to set up a geriatrics wing at the Bagchi-Parthasarathy Hospital come to the IIScthe sprawling Bangalore campus. The amount of the donation was not disclosed.

The Shantha & Prakash Geriatrics Wing, as it is known, is expected to be operational in early 2025. The wing will be equipped with state-of-the-art geriatrics facilities to support academic and research programs, and to enable PG students to undergo world-class training, the IISc said in a press release.

The new wing will advance the IISc School of Medicine aim to integrate science, engineering and medicine under one umbrella to produce a new generation of physician-scientists, he added.

IISc Director Govindan Rangarajan, thanking the Prakash couple, said that despite advances in integrative medicine, long-term care, including post-acute care for the elderly, was a universal challenge. “Along with increasing life expectancy, ensuring healthy aging of the population is also crucial. These multiple challenges require an interdisciplinary approach for effective care and we are confident that Shanta Geriatrics Wing & Prakash will fuel and drive much-needed innovation in this space.”

Prakash, who is also the founding partner of the venture capital firm

stated that proactive management of age-related comorbidities will help extend the period in which individuals can enjoy maximum physical and cognitive independence. “Through physician-scientists, there is immense potential for the Institute to bring advances in gero-sciences and healthy aging to help people live their longest, healthiest lives possible.”

Prakash’s support announcement follows

The CSR branch of Parivartan pledges to the IISc by pledging Rs 107.76 Crore to support the Cardiology Wing, Radiology Wing and Emergency Medicine Wing of the Bagchi-Parthasarathy Hospital.

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With the support of the Subroto Bagchi and NS Parthasarathy families, the first scientific institution sets up an 832-bed non-profit multi-specialty hospital, called the Bagchi-Parthasarathy Hospital, as well as a PG medical school within its Bengaluru Campus Hospital is expected to be fully functional by the end of 2024, while the first batch of medical/PhD students will be admitted in 2025.

HDFC Bank has partnered with IISc for the first time with the aim of improving healthcare infrastructure in the region.

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