consisting of silver
nanoparticles, well known
for its antimicrobial
effects. The formulation
has been shown to be
effective against bacteria,
spores, and virus, making
it twice as effective as
current sterilization
sprays, while being 10
times safer than current
surface sterilization
agents. The formulation
is designed have a
longer residence time on
surfaces, saving one from
repetitive application.
The founders expect
the products in pipeline
to finish the regulatory
pathway and reach the
market in next 5 years.
The company valued
at $1 million, is in full
force of its production
and sales targeting
revenue of $1-2 million
per annum. Aggressively
moving to make its
presence, it aims to
capture at least 10-20
percent market share.
With high ambitions,
the WeInnovate
Biosolutions is also
looking at starting
overseas operations
in at least 5 countries,
thereby expecting to
grow by 10 folds.
BIRAC’S FUNDING WAS WORTH IT!
BIRAC according to me is the best
organization to catalyse the start-up
activity in India. We were a group of
scientists and hoping to do something
to make a change but the decision
to form a company rolled in because
BIRAC showed the initial trust on us.
Apart from just the funding, BIRAC
plays a very important role in their
funded startup by organising various
events and meetings where we get
to meet investors, advisors and
networking. In all we are very happy by
the way BIRAC works and the whole
idea behind it.
MILIND CHAUDHARI,
CEO, WEINNOVATE BIOSOULTIONS
BIOVOICENEWS.COM
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