(Photo Courtesy: www.circlegarage.com)
Started in 2011, Bangalore-based Cabis Labs (Chemical And Biological Industrial Services) is a research-based, technology and product development start-up for the pharmaceutical industry.
It is also a contract research venture primarily focused on drug discovery, development and manufacturing of pharmaceutical and pharma intermediates including specialty chemicals, APIs, and research chemicals.
"Bureaucracy," says Dr Rajesh, "is a major hurdle while establishing start-ups. Even for a small licensing chore you need to bribe a few people. In the US, if you want to establish an enterprise, there are organizations that are very supportive and they do not charge a penny. Such set-up is not available here in India. Even the Government doesn't support new ideas, and it doesn't understand the concept of entrepreneurship. Taxation eats away a lot of money in a start-up."
He adds that approaching banks for funding is difficult even with great projects in hand.