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VC Peesh Chopra launches Peesh Foundation with Rs 60 crore fund

Tags: Peesh Venture Capital, Peesh Foundation, funds, research and development, Spinocerebellar Ataxia, Body Dysmorphic Disorder

April 28, 2015 | COMMENTS ( 7 )

VC Peesh Chopra launches Peesh Foundation with Rs 60 crore fund

To contribute toward the betterment of society, Peesh Chopra, MD of the US-based Peesh Venture Capital (PVC) that invests in disruptive technologies has announced the launch of Peesh Foundation with Rs 60 crore funds to support research and development and to fight incurable disorders like Spinocerebellar Ataxia and Body Dysmorphic Disorder (BDD).

Spinocerebellar ataxia (SCA) or also known as Spinocerebellar Atrophy or Spinocerebellar degeneration, is a progressive, degenerative, genetic disease with multiple types, each of which could be considered a disease in its own right. An estimated 500,000 people in India are diagnosed with Spinocerebellar Ataxia.

“From children to busy mothers, Spinocereballar Ataxia and Body Dysmorphic Disorder can affect people of all ages, from all walks of life. We are committed to helping every person living with ataxia and body dysmorphic disorder to take control of their disease,” says Sunita Chopra, Executive Director, Peesh Foundation. “Through our research grants and treatment grants, we not only help fund research to find better treatment options and an eventual cure for this disease, but we also show communities the incredible diversity of people affected by Spinocerebellar ataxia and Body Dysmorphic Disorder.” 

Peesh Foundation has been established to find solutions and treatments for such incurable disorders and will award seed grant of up to Rs 10 Lakh for Spinocerebellar Ataxia and Body Dysmorphic Disorder -related research projects. Grants of up to Rs 20 Lakh will be considered for early or pilot phases of studies and ongoing investigations.

“Peesh Foundation will award treatment grants of up to Rs 10 Lakhs for Spinocerebellar Ataxia and Body Dysmorphic Disorder -related treatment. For both Spinocerebellar Ataxia and Body Dysmorphic Disorder, patients must have a professional diagnosis from a reputed healthcare institution,” stated the official release.

Please add your comment

Kedar Singhal

May 01, 2015 at 3:33 pm

Even though this investment is not attention grabbing, investment in the medical field will bring the necessary resources and attract the smartest people into the research phase. Medical sector needs transformative skill set and technology which will help solve incurable diseases faced by mankind. This funding is a great beginning towards setting a trend towards helping humanity.

Reply  |  

Anurag Roy

May 01, 2015 at 3:31 pm

World over, entrepreneurs have started to give attention to the most pressing issues that are not getting their due recognition. The plight of medical sector can only be alleviated with investments and fundings in the domain. I think this is a great effort and should be appreciated.

Reply  |  

Pooja Malhotra

May 01, 2015 at 3:29 pm

Many entrepreneurs have started to give back to humanity and positively affect mankind. This is a good effort from this venture capitalist and will bring to attention the medical sector’s urgent need in getting funding for the deserving projects.

Reply  |  

Uday

May 01, 2015 at 3:17 pm

This is a great effort from the venture capitalist who have now dedicated efforts to give back to the society. I think this is a sensible decision as there is always a shortage of funds that leads candidates to leave their research without competing it no matter how talented they are.

Reply  |  

Krish

April 29, 2015 at 5:20 pm

Good luck to Peesh Foundation. Hope a lot of people are healed through these acts of charity.

Reply  |  

Varun

April 29, 2015 at 5:15 pm

It is good to see a foundation addressing causes that are rare AND funding treatment for those in need.

Reply  |  

Divye

April 29, 2015 at 5:06 pm

A wonderful cause. Best of luck to the foundation and the many families and individuals that it will help.

Reply  |  

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