Centre for Cellular and Molecular Platforms, C-CAMP, India’s premier bio innovation catalyst, has inked a MoU with TIA, to kick off an ambitious entrepreneurship cum technology transfer initiative, C-CAMP Lab Ventures.
C-CAMP Lab Ventures aims to transfer C-CAMP’s formidable portfolio of market-ready technologies to select early-stage bio entrepreneurs against a significant investment funding of up to one crore annually from TIA. The agreement to create this unique translation-entrepreneurship-investor linkage was signed on Monday by Taslimarif Saiyed, C-CAMP CEO & Director and Mahavir Pratap Sharma, Chair of TiE India Angels and director at TiE India Foundation.
Under its mandate to foster bio sciences research and innovation in India, C-CAMP has an established translational research programme, the Discovery to Innovation Accelerator (DIA) which through validation, de-risking and licensing, bridges exciting scientific discoveries to mature technologies with strong commercial and impact potential. The DIA portfolio has several key technologies in the areas of Healthcare, Agriculture and Environment ready for commercialization.
Through C-CAMP Lab Ventures, this portfolio will be up for grabs by seasoned startups, entrepreneurs across India as well as aspiring bio entrepreneurs from diverse backgrounds like management, engineering, clinical and other domains. “This will be a great opportunity for entrepreneurs keen to create impact in Health, Agriculture and Environment but lacking the validated technologies to convert as commercialized enterprises,” said C-CAMP in a release.
Saiyed said, “This kind of tripartite partnership across the innovation ecosystem is unique across the world. It will bring pathbreaking science to society, in the market, on the shelf and to the customer, while also catalyzing economic growth through the clear commercialization paths it defines for entrepreneurs and investors. C-CAMP Lab Ventures in a truest sense is a spin-off launchpad.”
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Mahavir Sharma, Chair TIA and representing TiE Global said “TiE’s aim to foster entrepreneurship, mentor young startups, handhold them, get them market ready, and further invest in them at early stage will create a huge impact in the ecosystem that is being nurtured by great institutes like C-CAMP. We are very elated and hopeful of the impact and outcome of this unique partnership.”
