New Delhi: The Centre for Cellular and Molecular Platforms, C-CAMP has entered into a partnership with the University of Massachusetts Venture Development Center and TiE Boston to promote innovation and entrepreneurship in the Healthcare, Life Sciences, and Biotechnology domains through an Indo-US Corridor.
The Corridor is envisioned to catalyze the growth of life sciences venture in both ecosystems.
The Letter of Intent was signed at the TiE Global Summit held in Bangalore on Dec 10, 2024, by Dr Taslimarif Saiyed, C-CAMP Director-CEO, Dr. Shubhro Sen, Executive Director, Venture Development Center and Assistant Vice Provost for Strategic Initiatives at University of Massachusetts, Boston and Dr. Purnanand Sarma, President, TiE Boston.
Flagging off the signing, Dr Saiyed said, “This LoI with UMass and TiE Boston marks the coming together of C-CAMP as one of the richest startup ecosystems in India, with Boston, the sixth largest startup ecosystem as per the 2024 Global Startup Ecosystem Report. We are tremendously excited about the possibilities of this LoI to foster collaborations in research, innovation and entrepreneurship development to create societal impact. Boston is also home to one of the strongest regional economies in the US. We are aiming to leverage that by opening the doors to Angel and Venture Capital investments for Indian startups. This will contribute to India’s booming bioeconomy in alignment with Govt of India priorities.”
TiE is one of the largest not-for-profit in the world focused on helping entrepreneurs and startups. Dr. Sarma said, “Our India-US initiative is focused on leveraging our strong network of TiE Charter Members, Angel Investors and Venture Capitalists together with partners such as C-CAMP and UMass VDC, to identify, support and provide access to funding to startups with an intent to grow them into global companies. We are very excited to be working with C-CAMP and UMass Boston to enable the growth of this sector in India and the US.”
Dr. Sen. from UMass Boston said, “We are energized by this unique bi-directional collaboration to select and support high impact C- CAMP startups with global potential with H1B visas, co-working, access to funding and specialized equipment in Boston, the leading life sciences ecosystem in the world. We also envision Boston and US-based entities with cutting-edge science and solutions using this exciting avenue to develop strategic partnerships and science collaborations, conduct clinical trials, and create win-win solutions for the Indian and Asian markets”.
The India-US Life Sciences & Healthcare Venture Growth Corridor will facilitate linkages between the two ecosystems anchored by C-CAMP and UMass to
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advance the vibrant scientific research the two are reputed for,
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enable co-development of innovation-ledproducts and technologies towards commercialization,
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leverage each other’s entrepreneurial ecosystem to nurture and accelerate ideation, startup creation, and growth of early-stage start-ups.
