Report Wire - Malayali entrepreneur to speculate Rs 100 cr in life sciences startups

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Malayali entrepreneur to speculate Rs 100 cr in life sciences startups

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Malayali entrepreneur to invest Rs 100 cr in life sciences startups

By Express News Service

A Malayali entrepreneur, who has efficiently incubated and spun off 4 life sciences startups from his analysis lab in Kochi, plans to speculate `100 crore in about 10-20 startups in biotech, genomics and associated fields.

Sam Santhosh, who based SciGenom Labs in a ten,000-sqft facility on the Cochin Special Economic Zone in 2009, stated he sees immense potential and future for startups within the life sciences sector, particularly within the genomics sector, and has acquired a listing of 10 such startups within the state recognized by the Kerala Start Up Mission (KSUM). A number of of them which made displays have been shortlisted, Santhosh stated at a SciGenom convention in Chennai lately. “We’re looking to invest  Rs 6-10 crore each in a startup, at various stages,” stated Santhosh, who can also be a biotech advisor to Ok-DISC.

The corporations spun off by SciGenom Labs, which capabilities as a life sciences incubator, are Bengaluru-based MedGenome, a genetic diagnostics & genomics analysis firm (incubated in 2010 at Kochi facility, spun off in 2013); Hyderabad-based AgriGenome, an agriculture genomics firm (2013 and 2016); Saskin Life Sciences, which is into growing medicine to treatment grownup blindness (2018, and spun off in 2020); and Chennai-based MagGenome, a agency producing DNA & RNA extraction kits utilizing magnetic nanoparticles (incubated in 2017, spun off in 2018). Saskin Life Sciences was later bought to Kemwell Life Sciences in 2018.

KSUM CEO Anoop Ambika had earlier instructed  that there are sufficient life sciences-based startups in Kerala which have the potential to make it huge.

“When we got the proposal from SciGenom, we started checking the life sciences-based startups in Kerala and, to our surprise, we found a good bunch of them,” he stated.

There has been unprecedented development in genomics over the previous decade and consultants are of the view that genome sequencing prices are plummeting. Santhosh, who shuttles between California the place his household is predicated, and Kochi, was the CEO and MD of California Software Ltd (Calsoft), which he based in 1992. He bought Calsoft, a agency listed on inventory exchanges, for an estimated  Rs 100 crore in 2009.

A Malayali entrepreneur, who has efficiently incubated and spun off 4 life sciences startups from his analysis lab in Kochi, plans to speculate `100 crore in about 10-20 startups in biotech, genomics and associated fields.

Sam Santhosh, who based SciGenom Labs in a ten,000-sqft facility on the Cochin Special Economic Zone in 2009, stated he sees immense potential and future for startups within the life sciences sector, particularly within the genomics sector, and has acquired a listing of 10 such startups within the state recognized by the Kerala Start Up Mission (KSUM). A number of of them which made displays have been shortlisted, Santhosh stated at a SciGenom convention in Chennai lately. “We’re looking to invest  Rs 6-10 crore each in a startup, at various stages,” stated Santhosh, who can also be a biotech advisor to Ok-DISC.

The corporations spun off by SciGenom Labs, which capabilities as a life sciences incubator, are Bengaluru-based MedGenome, a genetic diagnostics & genomics analysis firm (incubated in 2010 at Kochi facility, spun off in 2013); Hyderabad-based AgriGenome, an agriculture genomics firm (2013 and 2016); Saskin Life Sciences, which is into growing medicine to treatment grownup blindness (2018, and spun off in 2020); and Chennai-based MagGenome, a agency producing DNA & RNA extraction kits utilizing magnetic nanoparticles (incubated in 2017, spun off in 2018). Saskin Life Sciences was later bought to Kemwell Life Sciences in 2018.

KSUM CEO Anoop Ambika had earlier instructed  that there are sufficient life sciences-based startups in Kerala which have the potential to make it huge.

“When we got the proposal from SciGenom, we started checking the life sciences-based startups in Kerala and, to our surprise, we found a good bunch of them,” he stated.

There has been unprecedented development in genomics over the previous decade and consultants are of the view that genome sequencing prices are plummeting. Santhosh, who shuttles between California the place his household is predicated, and Kochi, was the CEO and MD of California Software Ltd (Calsoft), which he based in 1992. He bought Calsoft, a agency listed on inventory exchanges, for an estimated  Rs 100 crore in 2009.