World Health Organization finally recognized the sickle cell disease as a global health problem in 2016. Two years later, the 63rd United Nations Assembly designated 19th June as the “World Sickle Cell Day”, in an attempt to improve public awareness of this genetic disease. However, while we stand in 2019, there is a lot which needs to be done to combat this disease that affects millions of persons in India and globally.
The founders of Hyderabad based startup, Cherogene Aarogyam Biotech decided to do take up the challenge of finding an affordable diagnostic solution after getting to know the fact that disease affects marginal sections of society including tribal populations. The motivation to do something about it was more of serving the needy than money for the co-founders, Dr Poongothai A.R. and Mr A.P. Ramaswamy.
The CEO and MD of the company, Dr Poongothai A.R calls her journey of entrepreneurship as very simple and straight forward. She explains: “I always wanted to give something in return to the society, especially in the healthcare sector. Having been in the life science domain throughout my academia and in my professional career, wanted to work and contribute in this space, especially related to societal needs in the healthcare sector. Now working towards it for having created an opportunity.”
Overcoming initial challenges
When the innovation is focussed towards addressing the healthcare issues of the tribal population, then the commercial viability of the Product is always challenged both by the funding agencies and the VC’s. Being a start-up, the company needs to sustain in the market with decent revenue even if the device is going to be at an affordable cost and for the benefit and betterment of the marginalized society.
“The commercial viability for the product under development could be questioned for various reasons, but the basic thing is the lack of awareness of the disease amongst the people. Ironically, the prevalence of Sickle cell disease is more in the marginalized society (the tribal population). When we are in a start-up stage, we are more excited and concerned about our ideas and the innovation that we working towards rather than the money that we want to make out of it,” says Dr Poongothai.
“Each passing day in this journey of entrepreneurship is a challenge but how one handles the situation is what decides the final outcome,” believes the highly motivated co founder.
Cherogene overcame the initial round of the hurdle to get the funding to develop its product with the help of IKP and BIRAC – BIG grant. However, now the need to scale it up and take it to the right people, besides many other challenges have to be tackled by the founders.
