The Stack will be available for use in the public healthcare system, starting with the State of Uttar Pradesh, say sources from IIT Kanpur.

MoU

Memorandum of Understanding was signed by Prof. J Ramkumar, Acting Dean of Resources and Alumni, IIT Kanpur, and Mr. Sanjay Datta, President, ICICI Foundation for Inclusive Growth.

Awanish Kumar Awasthi, Advisor to Chief Minister of Uttar Pradesh, graced the MoU ceremony virtually, say sources from IIT Kanpur.

Aim

The Stack aims at bringing a paradigm transformation in the space of public healthcare by combining technology, medical research and innovation.

The project involves development of MedTech devices, improving point-of-care (POC) services and strengthening the public healthcare capacity.

Further, it will help in detection of chronic diseases through AI integrated devices. The project will be housed in the IIT Kanpur campus.

We are grateful to ICICI Foundation for their generous contribution towards this initiative and look forward to a successful endeavor, he said.

Healthcare Space

Mr Sanjay Datta, President, ICICI Foundation, said, “ICICI Foundation has been working for capacity building in the healthcare space.

In line with this, we are pleased to collaborate with IIT Kanpur for creating Digital Health Stack that will contribute towards digitizing and enhancing the public healthcare system, he said.

About ICICI Foundation:

Founded in 2008, the ICICI Foundation for Inclusive Growth stands as the dedicated Corporate Social Responsibility (CSR) arm of ICICI Bank and Group companies.

It has a profound commitment to fostering inclusive growth throughout India. The Foundation operates through four core pillars namely, environment and ecology, healthcare, societal development and supporting sustainable livelihoods, strategically addressing key enablers for comprehensive development.

Over the years, the impact of these initiatives has been substantial, touching the lives of over 12.8 million individuals across all states and union territories.

About IIT Kanpur

Indian Institute of Technology Kanpur was established in 1959 and declared to be an Institute of National Importance by the Government of India through an Act of Parliament.

IIT Kanpur is best known for the highest standard of its education in science and engineering and seminal R&D contributions over the years.

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The institute has a sprawling lush green campus spread over 1050 acres with large pool of academic and research resources spanning across 19 departments, 25 centers and 3 interdisciplinary programs in engineering, science, design, humanities, and management disciplines with more than 580 full-time faculty members and approximately 9000 students.

This study highlights how entrepreneurs driven by sustainability navigate the complexities of aligning economic objectives with broader societal and environmental goals, even under the pressure to prioritize profit alone, say sources from IIM Lucknow.

Values

The research emphasises how sustainability-oriented values in founders drive Sustainable Business Model Innovation (SBMI), say sources from IIM Lucknow.

This ripple effect fosters a larger ecosystem of sustainable businesses, redefining success to include positive contributions to environmental and social well-being alongside profitability.

Research

Prof. Krishna Chandra Balodi, Strategic Management, IIM Lucknow spoke about the research.

Our research illustrates the transformative influence of founders’ sustainability values on business models that address pressing global challenges, said Prof Krishna of IIM Lucknow.

These entrepreneurs redefine success by integrating their principles into their ventures, striking a balance between profit and meaningful environmental and social impact, he said.

Suscom

The research centers on “Suscom,” a startup renowned for its sustainable practices. By delving deeply into Suscom’s operations, the study revealed that the founders’ values permeate every facet of the business—from product innovation to strategic partnerships.

These values are rooted in a blend of influences, such as family upbringing, sustainability-focused education, and early career experiences with non-profits advocating for environmental and social causes, say sources from IIM Lucknow.

Attention

The research also brings attention to the unique challenges faced by sustainable startups, such as:

Recruiting employees with a sustainability mindset: Building a workforce aligned with the company’s goals.

Eco-friendly sourcing: Procuring sustainable raw materials.

Green logistics: Finding partners who offer environmentally friendly logistics solutions.

Collaborative partnerships: Working with like-minded stakeholders.

Innovative strategies: Developing creative, low-tech production methods that minimise energy consumption and environmental impact.

Standout findings

One of the standout findings is Suscom’s use of traditional and indigenous techniques to reduce energy consumption.

These methods not only align with global decarbonisation efforts but also present an eco-friendly alternative to high-energy industrial processes, say sources from IIM Lucknow.

Significance

As businesses worldwide face mounting pressure to address sustainability and climate change, this research underscores the significance of value-driven leadership, say sources from IIM Lucknow.

It serves as a beacon for entrepreneurs to adopt sustainable practices that not only ensure financial viability but also contribute meaningfully to societal and environmental progress, say sources from IIM Lucknow.

Personal values

By offering valuable insights into how personal values can catalyse sustainable innovation, the study reinforces the need for business leaders to think beyond profits and prioritise long-term, equitable growth.

In 2005, IIM Lucknow expanded its area of influence in the realm of management education by becoming the first IIM to set up a satellite campus exclusively for Executive Education at NOIDA in Delhi NCR region.

IIM Lucknow is accredited by AACSB and AMBA while its EQUIS Accreditation is ongoing. The institute features in the prestigious FT -100 Top Global Business schools for both the 2-year Flagship PGP program and One-year IPMX Program.

It is also consistently ranked amongst top business schools in the NIRF Rankings. IIM Lucknow was the first IIM to start a 2-year full time MBA program in Sustainable Management 10 years back. It also has a long-standing full-time MBA program in Agri Business Management.

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