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C-CAMP and Applied Materials India Assist Biotech Startups

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C-CAMP and Applied Materials India Private Limited (Applied Materials India) announced financial and technical support to two biotech start-ups in order to fast-track near-to-market technologies in the battle against COVID-19.

The two start-ups, Coeo Labs and Biomoneta, incubated under the Centre for Cellular and Molecular Platforms (C-CAMP), an initiative of the Department of Biotechnology (DBT), and were chosen by C-CAMP’s COVID-19 Innovations Deployment Accelerator (C-CIDA) launched on 25th March 2020 to identify and help accelerate near deployment-ready solutions that have the potential to fight the pandemic.

C-CIDA received more than 1100 innovation submissions and after a rigorous assessment, selected 31 innovations that have high potential to help battle against COVID-19 as C-CIDA Stars for Impact. With this, C-CIDA has built a diverse portfolio of innovations ranging from diagnostics and novel therapeutic approaches to air and surface sanitization and many more categories.

Of the 31 innovations identified as “C-CIDA Stars for Impact”, Applied Materials India selected two start-ups working in the following high-priority areas:

  • Assisted Respiratory Technologies: Coeo Labs, for its non-invasive Continuous Positive Airway Pressure (CPAP) product, Saans Pro
  • Air Sanitization Technologies: Biomoneta, for its air decontamination product, ZeBox

The Applied Science & Technology Research Accelerator (ASTRA) provided an avenue for multiple start-ups incubated by C-CAMP to explore potential collaborations and/or investments with Applied Materials India. In continuation of these efforts and to help battle the COVID-19 crisis, Applied Materials India will provide technical expertise and financial assistance to C-CIDA, Coeo Labs and Biomoneta.

Speaking on the funding, Srinivas Satya, Country President and Managing Director, Applied Materials India said, “It is heartening to see the passion start-ups bring to our nation’s battle against COVID-19.  Many of these entrepreneurs have brilliant solutions and need help bringing the technology to scale.  As a company with deep technical expertise and a long history of supporting our communities, we believe we must do all we can to accelerate the development of innovations that can strengthen the country’s response to COVID-19. In a time when infrastructure is a challenge and access to medical relief is limited, we are pleased to collaborate with indigenous start-ups that can help pave the way to a healthier future in India.”

Speaking on the collaboration, Dr. Taslimarif Saiyed, CEO and Director, C-CAMP said, “We are delighted to get this support from Applied Materials India for our C-CIDA, where our mission is to bring near deployment-ready innovations to the field. C-CIDA has had a significant impact across India and this support further fosters our efforts. We look forward to working closely with Applied Materials India to deliver impactful innovations together.”

C-CAMP is one of the flagship incubators set up under the DBT and a member of the Bangalore Life Sciences Cluster (BLiSC), with a mandate to enable cutting-edge life sciences research and innovation and promote life sciences entrepreneurship. In 2019, C-CAMP forged a close collaboration with Applied Materials India to help accelerate time-to-market of promising biotech start-ups in India. Applied Materials India has also been engaging with the Biotechnology Industry Research Assistance Council, a program under the DBT, across various levels since 2019.

To find out more about these companies in India who are part of new wave of health tech start-ups aiming to create innovative solutions that are also affordable, please visit the Coeo Labs website for Saans Pro and the Biomoneta website for ZeBox.

SMEStreet Edit Desk

SMEStreet Edit Desk is a small group of excited and motivated journalists and editors who are committed to building MSME ecosystem through valuable information and knowledge spread.

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