 "Govin Capital, IIT Madras' incubation cell ink MoU")
Singapore-based investment company Govin Capital has signed a memorandum of understanding (MoU) with the IIT Madras Incubation Cell (IITMIC, Chennai) to offer bio-entrepreneurial education and accelerate med-tech and life sciences start ups from the Indian Institute of Technology, Madras (IIT-M) community.
Govin Capital, which focuses on early-stage med-tech and technology startups in Singapore and India, will also mentor startups at IITM's Bio-incubator and MedTech Incubator and organize events such as boot camps in Venture Financing and Private Equity.
Anand Govindaluri, CEO & MD, Govin Capital commented, "We are excited that MOU with IITMIC is being signed at a time when India is shaping its vision for an entrepreneurial economy and is in line with the Prime Minister Modi's vision of “Startup India, Standup India”.
The investment firm would provide access to the Singapore innovation ecosystem in Medtech and Life Sciences, to the IITM community.
Guhan Jayaraman, Head, IITM Bio-Incubator said, "We are excited to partner with Govin Capital for their specialized course, which will cater to start-up companies in the healthcare and biotechnology sectors. We hope that it will catalyze the growth and success of biotech and biomed start-up companies incubated at the IIT Madras Research Park and elsewhere in the country."
Tamaswati Ghosh, CEO of IITMIC added, “This is a novel initiative undertaken by our sector specific incubators at IITM to educate and better prepare our young students/scientists working in Biosciences/Biomedical areas, and impart skills necessary to translate cutting edge innovations from the Laboratory to the field."
Govin Capital is a Singapore incorporated investment company focused on early-stage medtech and technology startups in Singapore and India. It also provides novel training programs in Startups, Bio-Entrepreneurship & Innovation Management. Startup Accelerator India is the Indian arm of Govin Capital, Singapore.