Eleven bio entrepreneurs bag prizes at C-CAMP National Bio EntrepreneurshipCompetition

The National Bio EntrepreneurshipCompetition (NBEC), a nation wide platform for bio-entrepreneurs across India to showcase their high impact, deep tech business ideas in the Life Sciences and biotech domain,culminated on December 14th with an announce ment of the winners after four months of intense competition.

NBEC 2019, thethird in its series, has been conducted by the Centre for Cellular and Molecular Platforms under the BIRAC Regional Entrepreneurship Centre (BREC), a joint initiative of C-CAMP and BIRAC.

Eleven bio entrepreneurs in categories as diverse as water and sanitation and maternal and childhealthto digital health, medical devices and agri-biotechnologyweredeclaredwinners in the presence of the esteemed Chief Guest and Grand Jurymember, Dr Kiran Mazumdar Shaw, CMD, Biocon and investment pundit, Nitin Deshmukh, CEO and Founding Member, Kotak Investment Advisors as Chairof Grand Jury.

A cumulative 3 crore INR in cash prizes and investment opportunities as well as an exclusive scope for mentorship from key industry leaders have been awarded to the winners.

Divanshu of Alcheme, was awarded the WIN Foundation cash prizeof 7.5lakhs INR as well as aninvestment opportunity of 30lakhs INR in water and sanitation category.

MayurShetty, Blackfrog Technologies Pvt. Ltd. received the WIN Foundation cash prizeof 7.5 lakhs INR and also the WIN Foundation investment opportunity of 30lakhs INR in maternal and child health category. Black frog also bagged the Social Alpha investment opportunityof 100,000 USD to of or their astounding potential for social impact.

Ragul Paramasivam, Chimertech Innovations LLP won the Ankur Seeds award of 5 lakhs INR in agri-biotechnology category as well as the ID capital investment opportunityof 100,000 USD as top agri-biotechnology, food and nutraceuticals entrepreneur.

Shomeshwar Singh, 4S Medical ResearchPvt. Ltd, was awarded the Digital Health cash prize of 5lakhs INR sponsored by Health Venture, USA.

Prakhar Jain, MicroXLabs won the Applied Materials India award of 5lakhs INR in medtech innovation category.

Rajesh Nandipati, Oncosimis BiotechPvt. Ltd. received INR 5lakhs Excellence Prize sponsored by Biocon.

Asawari Kane, Pad Care Labs was awarded the Novozymes Excellence Prize of INR 3lakhs.

The Pfizer Entrepreneurship Award of 3.5lakhs INR went to Arindam Ghatak, Biomoneta.

Halagappa Eswarappa Shashidhar of Cultiva Agri Tech received the Mahyco cash prize of INR 1lakh in Agri-Biotechnology.

An Investment opportunity of $75,000 USD from Health Venture, USA in Digital Health was announced for Rohit Hiwale, Morphle Technologies Private Limited.

Finally, a special prize from C-CAMP’s end was awarded to Shilpa Malik, Bioscan Research.

Dr. Renu Swarup, Secretary DBT, Government of India, and Chairperson, BIRAC in a congratulatory message for the winners as well as the larger 65 strong CCAMP NBEC 2019 portfolio, said, “The purpose of this competition is to attract innovators, potential entrepreneurs who have in them a risk-taking appetite to try and convert an innovative idea to an impactful entrepreneurship venture. NBEC 2019 has witnessed 3000 applications, a number rising every year, clearly indicative of a maturing ecosystem. The fact that applications have been received from places like Andaman and Nicobar Islands and Daman and Diu show that we have been able to enthuse young researchers and innovators across India to come forward with their entrepreneurship ideas, thanks to programs such as this initiated by C-CAMP. Together let us aim for India to be recognised as number one bio startup nation in the world.”

Chief Guest and Grand Jury member Dr Kiran Mazumdar Shaw in her message exhorted entrepreneurs to see their innovation from idea through product stage. “I have deep gratitude to C-CAMP for having brought a platform as unique as NBEC to Indian bio entrepreneurship arena. NBEC is about celebrating new ideas and the potential impact these ideas can make to society. But an entrepreneurship is about how you monetise an idea and take it to market. So don’t wait for the perfect idea. Wait for that one good idea. Shape its commercialisation journey and scale it up. Because impact and true recognition lie only in scaling.”

A cohort of 65 startups gleaned from ~3000 registrations across 33 States/UTs in India participated in a 2 day Boot Camp and Mentoring Sessions with mentors from CIIE - IIM Ahmedabad prior to the finals. 18 of these were selected by a Jury on December 13th to pitch at the Grand Finale gala. The Grand Jury at the Finale consisted of eminent experts representing entire spectrum of biotech industry and investment sector. Apart from the Chief Guest the dignitaries present included Paresh Vora, Director - India operations, WIN Foundation, Dr. Bhuvaneswari Sridhar, Head, API Technology Group, Pfizer, Dr Bharat Char, Chief Science Officer, MahycoSeeds, Srikanth Prabhu, Portfolio and Innovation, Social Alpha, Nitin Deshmukh, CEO and Founding Member, Kotak Investment Advisors, Vipul Patel, Vice President Investments, CIIE. CO, Abhinav Mehra, Vice President, ID Capital, Dr. Ashwin Kashikar, General Manager, R&D, Ankur Seeds, Dr. Sonjoy Mukherjee, General Manager - HyClone & Scientific initiatives, GE South Asia, GE, Sowmya Shresth, OD Partner & PO Manager India, Novozymes, Dr. Arvind Ranganathan, HealthVenture and Dr. Taslimarif Saiyed, CEO and Director, C-CAMP.

The competition [] in its third edition had 17 industrypartnersincludinginternationalpartnersfromthe USA, France and Singaporeonboard: WIN Foundation, AnkurSeeds, AppliedMaterials India, Amazon Web Services (AWS), Biocon, CIIE – IIM Ahmedabad, ConfederationofIndianIndustry (CII), CNBC-TV18 Young Turks, GE, HealthVenture - USA, HelloTomorrow, ID Capital, KotakPrivateEquity, Mahyco, Novozymes, Pfizer, and Social Alpha.

Commentingaboutthe evento, Dr. TaslimarifSaiyed, CEO & Director, C-CAMP said, “CCAMP believes that through fostering deep science innovations we have an opportunity to make a major impact in India’s growth. CCAMP is dedicated to play this vital role and looks forward to working together with you towards building tomorrow’s innovations from India.”

A cumulative 3 crore INR in cash prizes and investment opportunities as well as an exclusive scope for mentorship from key industry leaders have been awarded to the winners.

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