he panel shared their scaling strategies that could lead to positive growth
‘The Going Beyond Start-Ups with Effective Scaling Strategies' at the Bangalore India Bio 2015 panel discussion saw an attendance from young enterprenuers like Mr Dhananjaya Dendukuri, CEO and co-founder, Achira Labs; Dr Kavitha Iyer Rodrigues, director and COO, Theramyt Novobiologics; Mr Jhenkar Vidyashankar,founder, GridOctane; Mr Nandakumar S, CEO, Perfint Healthcare; Mr Vinay Konaje, founder,NavyaBiologicals; Mr,Mainak Chakraborty,Founder-Director, Green Power systems. The panel shared their scaling strategies that has led to positive growth of their start-up venture.
The panel also put forth their demand to the Government requesting procurement sources to accommodate start-up companies, Government considering investment in them and creating a platform to identify and nurture start-ups.
"It would be great if government could consider equity investment as opposed to loans," said Mr Dhananjaya Dendukuri, CEO and co-founder, Achira Labs.
According to Mr Vinay Konaje, founder, NavyaBiologicals, "Regulatory process, which is the most important part of drug discovery should be much more rule-based, that I guess would be very effective."
Since lifesciences is an interdisciplinary science, collaboration is required for fruitful research, the panel concluded.