IKP Trust – The Parent Company
IKP Trust is a large and important institution in scientific research in India. IKP Trust received a corpus grant from ICICI Bank in 2006 in order to carry out its mission and goal of societal development through the use and implementation of scientific and technological knowledge in both healthcare and life sciences.
The mission of IKP came as a result of the recognition of the challenges that finances, resources and poverty have on the availability and accessibility of healthcare and the success and development of farming and agriculture. IKP’s goal was to address these challenges through the use of technology in order to create cost effective and innovative solutions. India’s complex economy and socioeconomic landscape were an important consideration in developing the trust. The grant was used to fund and create several subsidiary companies in the various sectors of interest in order to carry out a level of social progress in an impactful manner.
IKP serves as the principal investor for each of these subsidiaries. One of the largest subsidiaries of IKP is IKP Knowledge Park which is a portal of knowledge aiming to create an innovative environment for scientific knowledge creation and development. IKP Centre for Technologies in Public Health and SughaVazhvu Healthcare are IKP companies that focus on the improvement of comprehensive primary healthcare and overall healthcare in India. IKP Investment Management Company is subsidiary that manages a new, early stage venture capital fund that supports technological and scientifically oriented ideas and pitches. ICAAP is the final subsidiary of IKP and is the primary agriculturally focused subsidiary.
Each of the above mentioned companies have successfully implemented and carried out their mandates. The companies have influence in their respective sectors and on policies and ecosystems as well. India’s dynamic and ever changing political, economic and socioeconomic landscape present constant challenges and each subsidiary faces obstacles and are forced to be flexible and adaptive.