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“The National Bio Entrepreneurship Competition (NBEC), which is helping to connect various institutes in the country in bringing in a pan-India flavour to the bio-start up ecosystem, has now succeeded in projecting globally India’s investment-ready start-up market,” said Dr Renu Swarup, Secretary Department of Biotechnology (DBT).
Speaking at the Second year of NBEC competition in Bengaluru, Dr Swarup Swarup said “The significance of a competition such as NBEC is in creating a vibrant pool of innovators as well. But the area where we have really succeeded is in projecting globally. BIRAC and CCAMP are working together in this important initiative. I hope many other incubators become partners in this larger exercise.”
The NBEC, is a national platform for bio-entrepreneurs to present their innovative business ideas with significant societal impact in the life sciences domain organised jointly by the entrepreneurship centre of the Centre for Cellular and Molecular Platforms (C-CAMP) and BIRAC.
In the second year, NBEC conducted jointly by C-CAMP and the BIRAC Regional Entrepreneurship Centre (BREC) and ₹ 2.25 crore in cash prizes and investment opportunity have been committed by various partners and stakeholders for this competition.
Competition conducted over four months culminated with a Grand Finale held in Bengaluru where 15 bio-entrepreneurs pitched to a Grand Jury.
Winners
Winners of NBEC are: Vaishali Kulkarni, KBCols Sciences and Nachiket, HelpUsGreen, declared joint winners of the L’Oreal India sponsored Grand Cash prize of ₹15 lakh. Chandra Sekhar Seelamantula has won the ₹10 lakh Digital Health prize sponsored by HealthVenture, USA.
Pranav Chopra, Crimson Healthcare and Sachin Dubey, Module Innovations are joint winners of the ₹5 lakh Excellence Prize sponsored by Biocon. Asif Ahmed of Innaumation Medical Devices, LLP has won Excellence Prize of ₹5 lakh sponsored by GE Healthcare. Shivani Gupta, Inochi Care received the ₹ 3.5 lakh Pfizer Entrepreneurship Award in Healthcare.
Investment opportunity of $100,000 was announced by Social Alpha/Tata FISE for Renuka Karandikar, BioPrime Agrisolutions and Vaishali Kulkarni, KBCols Sciences.
Manoj Sankar, NemoCare won $00,000 investment opportunity from HealthVenture in Digital Health and a HealthVenture Boot Camp participation opportunity for Bose Karthik, VRehab sponsored by HealthVenture.
About 45 finalists, screened down from over 2,000 registrations from across the country, participated in the two day Boot Camp and Mentoring Sessions.
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