Mumbai: Biotechnology Industry Research Assistance Council (BIRAC) under the Ministry of Science and Technology, Government of India presented a curtain raiser to the Global Bio-India 2019 programme at ‘Start to Scaleup’ workshop.
Society for Innovation and Entrepreneurship (SINE), at IIT Bombay organized a ‘start-to-scale’ program for healthcare and Bio MedTech startups.
The workshop was supported by BETiC (Biomedical Engineering and Technology (Incubation) Center), WRCB (Wadhwani Research Centre for Bioengineering) and DSCE (Desai Sethi Centre for Entrepreneurship).
Over 50 attendees from across the nation showed up at the workshop. The event addressed vital issues in medtech and healthcare space.
The workshop comprehended sessions such as regulatory landscape & clinical trials, intellectual property rights, partnerships & commercial agreements, preparing for sales & marketing, and business models and fundraising. In addition, there was also a session on leveraging academic ecosystem which offers a strong value addition to early stage entrepreneurs.
Setting a tone at the event, Ms. Poyni Bhatt, CEO, SINE, “Healthcare and MedTech startups face unique challenges in terms of long gestation period, need for clinical trials and regulatory compliances, and importance of various partnerships, and need for larger capital in very early stages of their development. The workshop was aimed at helping entrepreneurs understand and encourage discussions around all these aspects within themselves and with experts.”
The event concluded with a startup journey by a healthcare service startup which affixed to the learning experience for amateur entrepreneurs.