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
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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