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Best Biotechnology Startups In India

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Best Biotechnology Startups in India,Startup Stories,Biotechnology Companies in India,Biotechnology Startups,Biotech Startups,Biotech Startups India,Top Biotech Startups 2019,Biotechnology Industry in India,Biotech Entrepreneurs


The biotechnology industry is one of the fastest growing segments in India.  Valued at 11 billion USD in 2018, the Indian biotechnology industry is expected to touch the 100 billion USD mark by 2025, according to the Association of Biotechnology Led Enterprises (ABLE.) With more and more people choosing biotechnology as a career, there is ample chance of success in this field.  We will be looking at the biotechnology startups which paved the way for the blooming biotechnology industry in India.

 

Best Biotechnology Startups In India

1)Biocon

This Bangalore based company is the largest biopharmaceutical company in India.  Founded in 1978 with a budget of Rs. 10,000, Biocon started as a company selling the enzyme papain.  In the 1990s, founder Kiran Mazumdar-Shaw decided to change the focus of the Company from selling enzymes to selling biopharmaceuticals.  Subsequently, Shaw became one of the richest women in India. Today, Biocon sells insulin and monoclonal antibodies, among other products.  The Company had an annual revenue of Rs. 4,709 crores in 2018.

 

2)Sea6 Energy

This startup was founded in 2010 by four IIT Madras graduates and works towards the development of scalable solutions to solve the problem of overconsumption of energy in India.  The Company is developing techniques to convert photosynthetic biomass like plants and algae to fuels, in an effort to battle the increasing commercial use of energy in the Country.  Incubated at the Centre for Cellular and Molecular Platforms (C-Camp) and funded by the Department of Biotechnology, the startup has patented techniques to facilitate large scale cultivation of selected sea plants.

 

3)Bharat Biotech

Headquartered at Hyderabad, this Company was founded in 1996 by an Indian scientist, Krishna Ella.  One of the leading biopharmaceutical companies in India, Bharat Biotech was the first to develop and patent vaccines for the Zika virus, Zikavac, in the world.  It is the first pharmaceutical company to develop a generic drug in India. 

 

4)GANIT Labs

Founded in 2010 in Bangalore by Dr. Vinay Panda and Dr. Vijaya Chandru, Genomics Application and Information Technology Labs (GANIT Labs) is an independent government funded startup.  GANIT Labs studies genomes related to oral cancer and helps in mapping their genes. It is also involved in creating analytical tools which effectively analyse and manage large scale genome data, mainly from genome sequencing of disease tissues like cancer.

 

5)MedGenomes

Founded by Sam Santosh in 2013, MedGenomes provides personalised genetic tests and medicines for a range of ailments like cancer, diabetes and neurological ailments.  The Company has headquarters in the U.S.A., and India and claims to operate the largest next gen sequencing lab in southeast Asia. In 2017, the Company secured a whopping Rs. 192 crores in funding.  In 2018, MedGenomes was given the MedTech Breakthrough Award for Biomedical Research.

 

With the growth of the biotechnology industry and a renewed interest of investors in it, the success story of these biotechnology startups will inspire many biotechnology entrepreneurs out there who are aspiring to start their own company one day.

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Entrepreneur Stories

Wacky Stories About Entrepreneurs

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The world of business is quite serious and can seem intriguing at times.  However, there are many people out there who proved entrepreneurs can have some really interesting personalities.  Here is a list of four crazy things famous entrepreneurs have done.

Wacky stories about famous entrepreneurs

1) Nicolas Berggruen

Famous philanthropist and investor Nicolas Berggruen avoided buying a house for years.  He preferred to travel and stay at various hotels all over the world. This unique lifestyle earned him the nickname of “the homeless billionaire.”  However, Berggruen decided to settle down and bought a house worth $ 40 million in 2017.

2) Yoshiro Nakamatsu

This Japanese inventor is credited for inventing many things like the floppy disk, jumping shoes with leaf springs and a wig for self defense.  He has more than 3,357 inventions to his name. In many interviews, Nakamatsu said underwater diving gives him the best ideas. He also claims to get best ideas when he spends time in his “calm room” made up of 24 karat gold.  Nakamatsu also predicts he would live till the age of 144.

3) Steve Jobs

Steve Jobs, the brilliant mind behind the famous Apple Inc., was also a bit eccentric.  He was known to be a perfectionist, however, he did many things which are considered crazy.  He would soak his feet in toilets in order to relieve stress. At one point, he ate so many carrots, his skin turned orange.  He also stopped taking showers after starting a meat free diet, as he believed the diet would help his body not to produce any body odor.

4) Robert Graham

The American entrepreneur, known for developing shatterproof plastic eyeglass lenses, was also an eccentric person.  He reportedly opened a sperm bank for geniuses, where donation was expected only from Nobel Prize winners. However, the idea did not work out well.

 

Which of these crazy stories about famous entrepreneurs surprised you the most?  Comment below and let us know.

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Yakult Unknown Facts

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Yakult, the famous Japanese probiotic drink, is the perfect example of how an invention turned into a commercial success.  Invented in 1936 by microbiologist Minoru Shirota, the product has gained popularity worldwide. The product is sold by Tokyo based Yakult Honsha, which is known for its innovative marketing ideas.  The Company is now worth $ 10 billion, making it one of the biggest food companies in the world.  Here are some unknown facts about Yakult.

Unknown facts about Yakult

1) The meaning of Yakult is yogurt.  The word is derived from the word ‘jahurto,’ which means yogurt in Esperanto, a language created by L.L. Zamenhof in 1887.

2) Despite being a famous and successful brand, the bottle of Yakult is intentionally kept small by the Company.  According to the Company, the reason behind such a small bottle size is, the drink is meant to be consumed immediately and not be stored for a long time.

3) Yakult Honsha employs women known as “Yakult Aunties,” who go from door to door, selling the Company’s products.  As women channel natural empathy towards family, the Company prefers marketing their products this way, despite having means to other marketing strategies.

4) Apart from health drinks, Yakult Honsha also sells instant noodles, pharmaceuticals and beauty products, all of which are meant to fight cancer cells.

5) Yakult is available in the same flavor in every country except one.  People in Singapore have access to three kinds of flavors—grape, apple and orange.  Moreover, the size of the Yakult bottle also changes in different countries.

6) Yakult manufactures a moisturizer called Yakult PARABIO AC Moisturizing Cream, which is priced at $ 1,000 per bottle.

7) There are various types of Yakult sold exclusively in Japan, each meant for a different organ of the body.  The Company’s Joie drink is intended to keep the large intestine healthy, while the regular version of Yakult is meant for protecting the small intestine. 

Which of these unknown facts about Yakult surprised you the most?  Comment below and let us know.

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Lesser Known Facts About Burt Shavitz

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Burt Shavitz is the co founder of the famous American personal care brand Burt’s Bees.  Known as the world’s most famous beekeeper, his face has been gracing every product of the Company since its inception.  Here are some lesser known facts about Burt Shavitz.

Lesser known facts about Burt Shavitz

1) As a child, Burt Shavitz once cycled 100 miles from his parents’ home at Great Neck, N.Y., to Montauk Point and used jails as a way of accomodation.  According to Shavitz, the idea of spending the nights in jails was his mother’s. The police would always inform his mother about his whereabouts and with her permission, let Shavitz spend the night on a prison bench.

2) Shavitz was a famous photographer in Manhattan, but abruptly left the city life and moved to Maine.  Here he lived as a self described “high-class hobo” and did odd jobs to make a living.

3) Shavitz eventually started beekeeping after accidentally stumbling upon a beehive in the woods.  At one point, he had 26 beehives and called them Burt’s bees.

4) Despite being a millionaire, Shavitz preferred to live as a recluse on his 40 acre farm in Maine.

5) He had a simple lifestyle and lived in a farmhouse which did not have any electricity.  He did not have any clocks around his house and scheduled his days around the sun. He would get up at daybreak and sleep when it was too dark to read.

6) Despite being a recluse, Shavitz was an international celebrity and would go on foreign trips where he would be greeted by screaming fans wearing bee costumes.

7) While Shavitz remained unlisted in the phone book, his two golden retrievers Rufus and Pascha had their names listed.  His dogs were his only companions in life and Rufus passed away in Shavitz’s arms. Shavitz would Skype with Pascha during his international trips.

8) He met his future business partner, Roxanne Quimby on the roadside when Quimby was hitchhiking. 

Which of these unknown facts about Burt Shavitz surprised you the most?  Comment below and let us know.

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