Federation of Asian Biotech Associations (FABA) in association with the leading incubation centres in the country in the biotech sector organized “Whale Tank Event, a Venture Capital – Biotech Startup Connect”, which held virtually on the 18th & 19th of August 2022.
The purpose of this event was to facilitate potential investments in Bio start-ups and nurture the start-up ecosystem in the life sciences space in India. It was an excellent opportunity for startups in Bio or Life Sciences, including MedTech, AgriTech, FemTech, Digital Health, eHealth and Health-Tech.
This two-day program provided exceptional opportunity for big Pharma and Biotech companies to evaluate and make smart investments into technologies/products.
For the participating startup, it gave a chance to demonstrate their product/technology to global industry leaders and promote their technologies and explore funding from prestigious VCs. The Venture Capitalists at the event include Genome Capital, Indian Angel Network, BioAngels, Oyster Venture Partners, Technology Development Board – GoI, IdeaSpring, etc.
This event was brought by the esteemed leaders of the Federation of Asian Biotech Associations (FABA), Hyderabad including Prof. P. Reddanna, Executive President, FABA and Director, Aspire BioNest; Dr. P. Ratnakar, Secretary General, FABA; Dr. Uday Saxena, Co-founder, ReaGene Biosciences; Dr. Ajith Kamath, Advisor, Pandorum Technologies, Dr. Jagadeesh Gandla, eLearning specialist, Technical University of Munich; and Dr. Prabhat Arya, Co-founder, Smagen.
Panel discussions are being arranged as part of this event on the topics “Challenges in building a successful startup incubation centre” by CEOs of leading incubation centres, and “Strategies for drawing synergies from the start-ups by Indian Biotech Industry”. Apart from these, there were VC presentations, start-up pitches, and Fireside chats involving CEOs of successful start-ups.
At this event Dr. Renu Swarup, Former Secretary, Dept. of Biotechnology Ministry of Science & Technology, Government of India delivered the keynote address on “The Biotech Startup Ecosystem in India: Opportunities and Challenges in Making a Global Impact” on 18th August.
Mr. Sanjiv Navangul, MD & CEO, Bharat Serums and Vaccines (BSV) delivered another keynote address on 19th August and Valedictory address by Dr. Shirshendu Mukherjee, Mission Director, Biotechnology Industry Research Assistance Council (BIRAC).
This event has provided an opportunity and a platform for interaction among:
• Startups and Investors/Venture Capitalists for investments
• Startups and Big Pharma/Biopharma leaders for investments, outsourcing technologies/products and tie-ups
• Startups and CEOs of leading incubation centres for providing enabling environment Startups and Ecosystem enablers for laboratory supplies and equipment
• Startups and prospective entrepreneurs and students for internships/job opportunities and awareness of innovation and entrepreneurship
For more information visit:https://biofaba.org.in/whaletank/