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IIT H-incubated Entrepreneur wins TiE – BIRAC Award

Hyderabad, Mar 19 (UNI) Indian Institute of Technology (IIT) Hyderabad-incubated entrepreneur has won the TiE – BIRAC Award for Women in Entrepreneurial Research, given out on March 8 to mark the occasion of International Women's Day.
Ms Pratyusha Pareddy, Co-Founder and CEO of NemoCare, received the award from Ms Kiran Mazumdar Shaw, Chairperson and Managing Director of Biocon Limited, during the National Conference on “Technological Empowerment of Women” at the Vigyan Bhavan, New Delhi, on March 8, a statement here said on Monday.
Ms Pratyusha was a part of the first batch that graduated from Centre for Healthcare Entrepreneurship (CfHE), an interdisciplinary center at IIT Hyderabad that focused on making universal healthcare a reality.
Speaking about her award, Ms. Pratyusha said, “Winning this award is very encouraging and a great boost for a young startup like ours. It is moments like these that help us sustain our enthusiasm and work towards our goal with a renewed passion and vigour. Especially receiving it from Ms Kiran Mazumdar Shaw is a dream come true moment for me as she has always been an inspiration."
Speaking about the Technology, Prof Renu John, Co Head of CfHE and Head, Biomedical Engineering Department, IIT Hyderabad, said “Nemocare Smart baby monitor, aims at combining the elegance of a wearable sensor with deep learning algorithms to monitor distress conditions like apnea in neonates so as to enable timely medical interventions”.
The award is intended to fund and encourage companies founded by women entrepreneurs in the Biotechnology space. The Award comprises Rs. 5 lakh prize money and a ten-day incubation at Golden Jubilee women Biotech park, Chennai, after which the entrepreneurs stand a chance to win nearly Rs. 25 lakh in equity-free grants for their companies.
Biotechnology Industry Research Assistance Council or BIRAC is a Public Sector Enterprise, set up by Department of Biotechnology (DBT), Govt of India, as an Interface Agency to strengthen and empower emerging Biotech enterprise to undertake strategic research and innovation, addressing nationally-relevant product development needs,
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18 Jan 2020 | 11:27 PM

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