BioVoice News June 2017 Issue 1 Volume 2 | Page 22

startup series While every startup has its own unique foundational story, this one has both the emotional as well as societal connect to it. The three experts in their own domains, Vijaygopal Rengarajan, Geetha Sanjay and Balachander Agoramurthy connected over LinkedIn for a few months before deciding to start-up Innov4Sight (I4S) during October 2014. The motivation for taking a plunge towards entrepreneurship was deep rooted for all three of them. While Vijay had lost his aunt to Cancer in the month of January same year, Geetha had been in the Cancer care ecosystem wanting to make a difference in the otherwise non-innovative space. Similarly, Bala had been wanting to make a change in the healthcare industry and his drive was to prove that his personal condition of visual imparity due to Retinitis Pigmentosa wasn’t really a challenge for his perseverant and hardworking nature. The co-founders decided to create a technology agnostic company focusing on significantly impacting clinical outcome. However, the precedence as a combination of information technology, biotechnology and biomedical engineering was unheard of and didn’t received much of an acceptance until two of the three technologies had reached commercialization stage. The company has been able to lay a strong foundation for itself in just 2 and half years. At the moment, the leadership team at Innov4Sight 22 BioVoiceNews | June 2017 comprises of 6 members with an average experience of 15 years across interdisciplinary areas of healthcare, genetic engineering, biotechnology, sales and entrepreneurship. Tapping unimaginably huge fertility market The wrong lifestyle choices such as smoking, drinking, fast food, soft drinks, inadequate sleep etc. have significantly damaged the reproductive system of over 27.5 million couples across India. Estimated 270,000 of these couples annually spend over INR 5400 crores with a disappointing success rate of under 20% creating emotional, physical and financial distress for those opting to seek assistance with little to no certainty. Looking at this lesser addressed yet highly opportunity area, the Innov4Health created a suite of products and solutions to address the problem. One of the therapeutic solution developed at its biotech lab has resulted in a 72% success rate in conception rate as against the 18.4% Indian national average. The company identified and operationalized BAPC led treatments for fertility and demonstrated significant improvement in conception rates. Currently it is working with over 20 fertility clinics across Bangalore, Chennai, Coimbatore, Erode and Pune by offering its therapeutic solutions. The company maintains that it has provided therapeutics to over 60 women having