BioVoice News April 2017 Issue 11 Volume 1 | Page 14

face to face While I agree with the philosophy and intentions behind the statement, I feel we require more differentiation in terms of how funding comes. The way academics work is different from industry. Their approach to problem solving varies. So, have to remember that BIRAC fills one big area of hand-holding and helping kick start. But again, the 14 BioVoiceNews | April 2017 seed funding is missing. Let’s suppose a child is there. We will provide food for 8 years but can he or she sustain after that. No, we have to take care till 18 so that person can fend for himself. While support upto 8 is fine, what will happen till 18. That thought is missing. entrepreneur. Therefore, we need prudent investment to help scale up. That can come from government or via public private partnerships. The 2nd and 3rd round of funding is important and that is where the valley of death is. Everybody dies if there is no support. The first 2-3 crore are crucial for an We perhaps don’t require more BIRACs but what we