Hyderabad: The Research and Innovation Circle of Hyderabad (RICH) has shortlisted six start-ups as part of the cancer conference and innovation challenge on Tuesday. The event was held at CSIR-IICT.
With about 50 entries from across the country, the final six startups which were selected by oncologists, scientists, incubation experts and venture capitalists are due to get Rs 2 lakh each. The six startups are EPR Gene Technologies, Embryyo Technologies, NanoHealth, Onward Assist, Aindhra and Cyca Oncosolutions.
Speaking on the occasion, IT Secretary Jayesh Ranjan said, “Apart from cancer, our focus areas of research will be cardiovascular diseases and Tuberculosis.”
He said, B-Hub which was all set to come up in Genome Valley would be similar to T-hub for biotech start-ups. B-Hub was as of now in the preliminary stage and the government was yet to define space and appoint officials.
Minister K T Rama Rao would be reviewing the multiple space possibilities in a fortnight. IICT and CCMB would be acting as incubators for early stage startups while B-Hub would be for the revenue generating or mid-level startups.