Seven Bengaluru-based deep science startups have raised over Rs 550 crore thanks to support from the Centre for Cellular and Molecular Platforms (C-CAMP), an initiative of the centre’s Department of Biotechnology.
These funds will be used for incubating and mentoring life science startups.
The seven startups — Bugworks, Sea6 Energy, String Bio, Eyestem, Pandorum, Achira and Zumutor — are working in the healthcare, agriculture and environment domains.
Their products range from lab-made corneas that can bridge the gap in eye donation, drugs against superbugs, to using seaweed cultivation for creating biofuel.
Most of them have been associated with C-CAMP from the inception stage.
“We are attempting to identify deep science innovations and support them so as to create impact on the ground. These innovations can create societal impact that would otherwise take decades,” explained Dr Taslimarif Saiyed, CEO and Director, C-CAMP.
“The funding these startups received from investors outside India show the global relevance of these technologies,” Dr Saiyed said.
Published 26 August 2022, 19:40 IST