sine magazine | jan-mar 2016 issue

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SINE Magazine | Jan-Mar 2016 issue

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CONTENTS

SINE Governing Board

CHAIRMAN

Prof. Devang Khakhar, Director, IIT Bombay

MEMBERS

Mr. Ashank Desai

Mr. Deepak Satwalekar

Prof. Milind D Atrey

Mr. Pravin Gandhi

Mr. Abhay Havaldar

Mr. Nabankar Gupta

Mr. Pramod Chaudhari

Mr. Samir Kumar

Prof. P M Mujumdar

Prof. Sivakumar G

Prof. Abhay Karandikar

Prof. Chandra Venkataraman

SINE Management Team

Prof Milind D Atrey Professor in Charge

Ms Poyni Bhatt Chief Operating Officer

Ms CV Krishnaveni Manager

Yashvardhan Banthia Business Associate

Rakesh Rajiv Business Executive

Message from our Professor-in-charge 3

In the News… 5

A look at SINE’s major achievements in the recent past

BIG Scheme Awardees at SINE 6

We have provided pre-incubation to four ideas funded by the

Biotechnology Industry Research Assistance Council (BIRAC) of the

Department of Biotechnology under the Biotech Ignition Grant (BIG)

Scheme. Take a look at what they are doing…

Stand-up Startups 8

A look at some recent achievements of SINE’s incubatees

Down Memory Lane… 10

A collection of memorable moments of SINE and our incubatees:

Fairs, events, and occasions

Saying Goodbye… 16

Acknowledging the contribution of Dr Pradeep Babu Sadasivan

Pillai, Former Business Development Manager, SINE.

…And Welcome 17

To SINE’s latest core team members Yash and Rakesh

Welcoming into the fold… 5 to 15

Introducing SINE’s latest companies. Look to the left side of every page

for your favourite startup!

Bidding Adieu… 16 & 17

Saluting the graduated companies and their visions.

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MESSAGE FROM PROFESSOR-IN-CHARGE

Dear all,

At the very outset, wishing you a very happy and

fruitful 2016! We have so far come to you with

three issues of the SINE Magazine. In this fourth, I

take the pleasure to tell you of its journey till now

and what I envision of its going ahead.

I have had 3+ years of association with SINE; it

has been a great learning for me. SINE is into its

11th year; it is evolving and is making its presence

felt. It began when the ecosystem was hardly felt,

start-up idea was nascent with failure a taboo, and

has come to a state where start-up is becoming a

sought after career option and failure is a feather

in the cap- the experience most valued. SINEwise

or otherwise, tech start-ups of IITB are creating a

buzz, the ecosystem is maturing with the oft cited

Powai Valley (Hill rather).

We have clocked 78 start-ups since inception of

entrepreneurial activities on campus with our share

of failures too, which are 15. There are 26 start-

ups incubated presently and 37 are up and running.

SINE is able to keep the vision on its mission by

converting 22+ technologies from the institute into

business ventures. The efforts are on by the start-

ups to get there and take-off with half of them

getting funded and 40% of them being revenue

positive. While within the incubator companies

were able to raise funding in the range of Rs. 50

lakhs to 5 crores with a valuation range of Rs.4

crore to 20 crores. A few of the graduate

companies have also made their mark with

cumulative revenue growth of INR 450+ crores.

Over 2,000+ jobs have got created and the counter

is ticking.

The institute is forging ahead with the following

entrepreneurial activities where SINE is playing

its role to integrate and leverage with them for

fostering its own incubation programme.

Support to E-Cell, the vibrant student body on

campus for encouraging entrepreneurship

among students.

Desai-Sethi Centre for Entrepreneurship, an

academic initiative to conduct minor courses

for the B.Tech students desirous of starting-up.

Associating with Industry & Corporates

including overseas institutes of repute along

with government support in some cases to help

boost its R&D activities by setting up centres

as BETiC, NCAIR, Healthcare Research

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Consortium, Tata Centre with help of MIT,

IITB Monash Academy, Centre for Excellence

in Nanoelectronics, Applied Materials Centre

etc.

Going forward, what I envision for SINE to make

its incubation programme more effective, is to

create a much better impact by working on the

following, where some initiation has happened:

Leverage IITB Alumni Network through

channels like (a) Global Business Forum

(GBF),IITB Alumni and SINE Community for

Entrepreneurship Development (I-ASCEND)

which it has created for easy access of alumni

by the start-ups, where the Alumni can be

mentors, investors, advisors, enablers to create

overseas associates and maybe also consider

setting-up their own ventures at SINE. (b)

Facilitate the legacy project entitled “IITB

Innovate”, which provides prototyping funds

to selected innovative ideas. The initiative has

already seen the Batch of 2002 pooling their

support in funding 7 student ideas to date,

while SINE takes pride to have converted two

of them into start-ups.

Plan for an Accelerator Programme with a

view to not only fast track the incubation

process for the IITB community with mature

ideas but also to be able to help outsiders

validate their ideas.

Enhance its network by pro-actively

connecting with industries and professional

services for the start-ups by creating database

of industries, mentors, funders, professionals,

etc., conduct showcasing events, workshops

and interactive sessions. Towards this, SINE

has already put in place the SINE Saturday

event, which is open to all, where on last

Saturday of the month, experts/professionals

are called for a half-a-day interactive session

where experience and know-how are shared

and doubts are addressed.

Review its approach for sourcing its start-ups

by revisiting its incubation model,

consideration model and selection criteria, as

well as processes it has already initiated, like:

(a) Increase its people resources with focus on

Business Development for greater interaction

with the institute community. This helped

create a pipeline of 100+ ideas per year of

which 20 have got converted. Pursued 12+

ideas in healthcare/ medical devices sector, 7

ideas got converted and 2 are in the offing.

This also includes incubator support to BIRAC

initiative of government where Biotechnology

Ignition Grants (BIG) are given to ideas in the

healthcare sector.

(b) Focus more on pre-incubation; which effort

saw 20 ideas getting pre-incubated of which, 5

got converted to regular incubation, 2 exited

the incubator at point of conversion and 5

could not achieve the milestones.

More for you in the following pages of this issue-

on what the incubatees have got to say, SINE's

continuing efforts and its future road map.

- Prof. Milind Atrey, Professor-in-Charge, SINE

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IN THE NEWS… The Important Numbers:

o Total companies incubated since inception: 78

o Companies currently incubated (as of 1st Jan 2016): 26

o Companies successfully graduated from incubation: 37

o Startups in last quarter to receive VC funding: 4 (+2 more in

advanced stages)

The single highest equity exit of INR 50 lac was achieved this year.

3 corporates have committed CSR funds to SINE, and 3 are in

advanced stage of discussion.

CEO of Citius Tech, Mr Rizwan Koita signing the CSR agreement with SINE

Chairman Prof. Devang Khakhar, Director, IIT Bombay

SINE is making major inroads in BioTech and Healthcare:

o We now have 10 health / medical device startups, as opposed

to 1 last year

o A separate Bio-Incubator within SINE is being considered.

A new facility with space for 50 startup offices along with lab space

has been earmarked within the proposed structure:

The 2002 IITB Alumni batch have contributed to the IITB Innovate

project. The project supports prototype development of innovative

student ideas. It has so far enabled 7 innovative product ideas to get

funded upto INR 2.5 lac and make their prototypes. 2 of them are

now incubated at SINE.

Welcoming into the fold…

DoI: 1st Aug 2015 (M-03: CSRE)

Founding Team:

Samrat: CEO

Greeshma: COO

Mahesh: CFO

Binil: CTO

“Our goal is to design and develop

innovative technologies that can

translate into high utility, high

impact products which will

address unmet needs in

healthcare and patient well-being,

specifically in India and other

developing countries.”

Products under development:

Cost-effective intravenous

infusion monitoring system

High magnification, diagnostic

quality mobile phone

microscope.

www.medprimetech.com

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BIG SCHEME AWARDEES SINE is offering pre-incubation support for those students and graduates

applying for the Biotechnology Ignition Grant (BIG) Scheme offered by

BIRAC.

BIRAC is the Biotechnology Industry Research Assistance Council of

the Department of Biotechnology (DBT), Ministry of Science &

Technology, Govt. of India.

The BIG scheme enables a team to get upto INR 50 lac funding to

develop prototypes for their ideas provided they get incubation support.

For further details, log on to http://www.birac.nic.in.

The teams currently occupying offices within the incubator are:

1. Smart Stretcher (Anupam Bam, Nitin Pawar, Bhushan Rao):

“Our goal is to cater to the needs of vast populations through

development of low cost, easy to use and smart medical

devices/equipment. Currently, we are working on developing a smart

device for transportation of trauma patients, with financial support from

BIG scheme of DBT.”

- Dr Anupam Bam

MBBS

Lokmanya Tilak Municipal

Medical College, Mumbai

M. Tech.,

Biomedical Engineering

IIT Bombay

2. Artificial Bone Graft Material (Kunal Khanna, Prof Jayesh

Bellare):

“There is a very significant clinical need for the treatment of bone tissue

loss or failure resulting from injury or disease, which is severely limited

by donor scarcity and high risk of immune rejection and disease transfer.

Hence we have developed 3-D porous visco-elastic scaffolds to

regenerate bone at maxillofacial and periodontal bone defects.”

- Kunal Khanna

PhD Scholar,

Chemical Engineering

IIT-Bombay


DoI: 1st Aug, 2015 (M-09: CSRE)

Founding Team:

Shyam Shah

Surabhi Srivastava

"Innovision seeks to develop

affordable solutions in the

healthcare and education space

through technology based

innovation. The first product is a

low cost electronic Braille device

to connect the visually impaired

to the digital world in their native

script. This device would connect

to a computer / smart phone and

open up all existing functions and

applications to the blind at a 10

times lower cost through patent

filed technology developed by the

company."

http://www.birac.nic.in/

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3. Arterial Pulse Analyzer (Sushanth Poojary, Pradip Gatkine):

“We are building a low-cost

Arterial Pulse Analyzer which

can be used at Rural

PHCs/Medical Vans/Camps to

monitor some very important

parameters of Arterial Pulse to

diagnose Cardiovascular

Diseases before the onset of

later stages. This device can be

installed in rural PHCs, sub-district hospitals and medical camps where

it will help doctors diagnose the risk factors.

The device was developed at IIT Bombay by Pradip Gatkine and

Sushanth Poojary and has also won the National Gandhian Innovation

Award 2014.”

- Sushanth Poojary

4. Pre-natal abnormality detection (Rishi Adhikary):

“We intend to develop a point-of-care device applying the concept of

smart materials to reduce the cost of screening for congenital anomalies

making the test universally accessible. It would have a great impact to

improve antenatal care and obstetric outcomes in remote areas with

limited health-care facilities which form an important part of health-care

in India. It would provide an option for nursing mothers and health-care

providers all over the nation to be reassured regarding the health of the

fetus or take necessary actions in case of an anomaly.”

- Dr. Rishi Adhikary

MBBS

Research Scholar in Biomedical Engineering

Department of Biosciences and Bioengineering

IIT Bombay


DoI: 1st Nov, 2015 (M-12: CSRE)

Founding Team:

Sanket Kulkarni

Praful Lakhe

Suneet Bendre

Samrudha Kelkar

"Our goal is to create a set of

localised help tools for

smartphone apps that are just

right for a highly heterogeneous

Indian user base. Our services will

bridge the gap between app-

makers and Indians over the age

of 35.”

TUTE-EASY

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STAND-UP STARTUPS A glimpse of our current incubatees’ achievements over the past year

(Startups are arranged alphabetically):

CareNx Innovations Pvt. Ltd.:

Received “Innovation Scholar in Residence at President House”, (Photo

1) met the Prime Minister during the visit (Photo 2). They were also

finalists at SOCAP 2015 at San Francisco, CA, USA (Photo 3):

kWatt Solutions Pvt. Ltd.:

Received 2 rounds of funding: USD

500,000 and USD 1,000,000 in 2014-15

NISE (National Institute of Solar

Energy) under MNRE (Ministry of New

and Renewable Energy) has given them

authorization to conduct Suryamitra solar

training programmes pan-India.

Conducted Basic and Advanced workshops under the S-Sparq vertical

for over 20000 students pan-India.

4.25MW rooftop projects in commissioning under S-Rooftop vertical


DoI: 15th May, 2015 (M-05: CSRE)

Founding Team:

Shantanu Pathak

Anurag Meena

"CareNx develops technologies for

better healthcare delivery. With its

first product, CareMother, a mobile

application platform for pregnancy

and child care it connects

Gynecologist and mother remotely.

We have served more than 1500

mothers and will provide clinic box

solution with mobile based diagnosis

tools for at home care in near

future.”

www.caremother.in

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MedPrime Technologies Pvt Ltd:

MedPrime was announced

winner of “StartHealth

Competition 2”, organized by

Unitus Seed Fund, with INR 10

lakh award prize.

They have also received a grant

of INR 5 lakhs from Economic

Times Power of Ideas,

organized by CIIE, IIM Ahmedabad and Department of Science and

Technology.

InfuCheck, the intravenous infusion monitoring system by MedPrime

Technologies was declared First Runner-Up of LEAP Excellence

Innovation Award 2015, by Excellence Group.

NanoSniff Technologies Pvt. Ltd.:

Prof Ramgopal Rao (Co-founder and Chairman)

was awarded the JC Bose Fellowship for

2015. The fellowship is meant to recognize active

scientists and engineers for their outstanding

performance and contributions. The fellowships

are scientist-specific and very selective. The

fellowship is awarded by the Science and Engineering Research Board

(SERB), a statutory body established through an Act of Parliament to

support basic research in emerging areas of Science & Engineering.

Sensibol Audio Technologies Pvt. Ltd.:

SensiBol wins the Best Start-up

award (out of 121 startups) under

the Technology Incubation and

Development of Entrepreneurs

(TIDE) scheme. The award was

presented by Shri Ravi Shankar

Prasad, the Honorable minister of

Communication and Information Technology, on the occasion of Good

Governance Day at New Delhi.


DoI: 12th Oct, 2015 (CM-2: KReSIT)

Founding Team:

Shreyans Maini

Gaurav Daftary

"We envision creating 2

interconnected products:

A) Locale Times: A social

journalism platform for

communities to discuss

immediate hyper-local issues in

an open and interactive space and

B) Locale Stack: An end-to-end

tech solution for content creators

where we create a set of tools

that aid in story research, creating

beautiful content and

experimenting with interactive

storytelling formats."

www.localetimes.com

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DOWN MEMORY LANE…

1. SINE Saturdays:

We aim to provide the maximum benefit to our startups by exposing

them to experienced professionals, serial entrepreneurs, potential clients

and fundraisers on a monthly basis. The “SINE Saturdays” are typically

organized with ecosystem partners in order to ensure maximum value to

our startups. IvyCamp is our current ecosystem partner. In past we

partnered with MyMuneemji, Dua Associates and our latest event was

with NSRS & Co. Topics covered by experts in last quarter are:

1. Fundraising for your venture, pitching an investor. (Photos 1 & 2)

2. Speed-date the investor; elevator pitches. (Photos 3 & 4)

3. HR issues and recruitment

4. Accouting and Tax


DoI: 30th Apr, 2015 (M-07: CSRE)

Founding Team:

Jai Mrug

Himani Mrug

"Our goal is to generate a

platform of algorithms that can

be used to weave together

Industry-specific solutions. The

library of algorithms eventually

built shall be used to serve the

purpose of Integrated Business

Planning"

www.m76analytics.com

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2. AIT Indo-Swiss Camp: Bangalore Session (1st – 5

th Feb 2016):

SINE is co-organising an Academia-Industry Training (AIT) Camp with

swissnex India (body under the Consulate General of Switzerland

catering to startups) for 10 researchers each from India and Switzerland.

The aim of the camp is to help commercialise their research into

products that can help society at large.

The project is sponsored by the Department of Science and Technology

(DST), Govt. of India for the Indian participants and by Venture Labs

and EPFL Lausanne for the Swiss participants.

SINE selected the 10 Indian researchers from premier institutes across the

country. Various sessions were conducted for the 20 candidates in order to help

them develop their business plans over 5 days, including:

Cultural workshop for the two nationalities to understand each other’s way

of thinking and interpreting situations

Pitches for the candidates to improve their presentation skills

Design Thinking workshop

Business Model Canvas

IPR, fundraising, legal and regulatory sessions

Visits to IISc Bangalore, incubators, accelerators

Speed date the experts

A final pitch was conducted on the morning of the 5th

to see the progress

of the candidates after all the sessions. Every participant showed a

remarkable improvement in their business plans, presentation skills and

acceptance to new and different views about their research.

The next phase of the Camp shall be conducted in Lausanne and Zurich

in the last week of April.

The participants with the organizers from SINE and swissnex India


DoI: 1st Aug, 2015 (Virtual)

Founding Team:

Aslam Khan

Anis Choudhery

Sudhir Bania

" Transpact® is a Social Enterprise in

Joint research with Industrial Design

Center of IIT Bombay to

commercialize the First ever

patented automated therapeutic

product for cerebral palsy children to

stimulate vestibular system.

Ultimately allowing these CP children

to TRANScend their barriers and

thus, create a positive imPACT on

their lives."

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3. EEPC-IESS (22nd

– 24th

Nov 2015):

SINE companies showcased their products at India’s largest sourcing

show – India Engineering Sourcing Show (IESS). It was organized by

EEPC (Engineering Expert Promotion Council). Many areas of interest

were covered, such as inter-country collaborations, growth of

manufacturing and R&D sectors, innovative solutions to combat

problems in market and society, expanding businesses and job

opportunities, etc. over the 3 days, in the form of seminars, lectures,

panel discussions and exhibitions.

There were over 400 exhibitors from large corporations to startups, 500

overseas buyers and 10,000 trade buyers at the flagship event. The event

has the participation from European and Asian countries with many

countires also signed MoUs with India. Start ups from SINE showcased

their products and solutions alongside large corporations. SINE and its

start ups also participated in panel discussion. Some companies also got

business inquiries from international clients.

Surabhi (Innovision) Mahesh & Greeshma (MedPrime)

Ravindra Chopade (Imboss Technologies) Team kWatt Solutions


DoI: 1st Dec, 2015 (CM-4: KReSIT)

Founding Team:

Ankith MS

Kurien Zacharia

Krishna Kulkarni

"We are a group of curious

engineers aspiring to make

reading more fun, easy and time-

saving. Working on a technology

to summarize and optimize

unstructured text content using

novel NLP & ML techniques, our

pilot project is the Mapicle News

App. It summarizes news from

multiple sources and also

provides pre-requisite info like

brief history, fun facts and expert

analysis."

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4. Global Business Forum Goa (16th

– 18th

Oct 2015):

Conducted by the IITB Alumni Association (IITBAA), the Global

Business Forum held in Goa saw massive participation in 8 Special

Interest Groups (SIGs): Education, Energy, Environment, Healthcare,

ICT, Infra, Make in India and SMART Liveable Cities

This was the first time an event of this scale was conducted by IITBAA.

Attendees included over 1,500 eminent figures globally from among

IITB alumni, faculty, researchers, policy makers, bureaucrats, investors,

entrepreneurs, chief technical officers, top industrialists, central cabinet

ministers and state chief ministers. A huge IITB student participation

was also observed. The GBF aims at unlocking significant new business

opportunities by bringing together the IIT Bombay community and

governments, businesses, investors and trade organizations.

More details about the event can be found at - http://iitbaa-gbf.com/

Cabinet Ministers attending the event

SINE Start ups at GBF

We had seven SINE startups that showcased their products in the

exhibitions and in talks in the SIGs. Many investors and alumni showed

interest in the startups’ products.


DoI: 8th Sep, 2015 (M-04: CSRE)

Founding Team:

Swapnil Kulkarni

Nikhil Kashid

Nikhil Ninne

"Coinn is a Mumbai based startup

founded by IITB and IITM alumni.

Using unprecedented micro-location

tagging, we have built a search-free

cashless payment platform for offline

transactions. COINN app facilitates

cashless payments whether you're

eating out, ordering food at home or

even when you're taking an

Autorikshaw ride.”

Some of our incubatees in

exhibition:

Top Left: Innovision

Top Right: Igrenenergi

Bottom: kWatt Solutions

http://iitbaa-gbf.com/

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5. Make in India Week: Exhibitions (13th

– 18th

Feb 2016):

The initiative Make in India was launched on Saturday, 13th

Feb 2016 in

Mumbai. The weekend saw a massive participation from large

corporates, smaller industries, academic institutes and various

departments of the government, in the fields of Automobiles,

Construction and Infra, Defense, Electronics and IT, MSME, Oil and

Petrochemicals, Textiles, etc.

Seminars, symposiums, panel discussions, etc. are being held throughout

the week, while exhibitions from all of the sectors listed above are live

throughout the week, along with some from states in India. Among the

exhibitions is a pavilion showcasing Pan-IIT technologies.

SINE startups were selected by IIT Bombay to showcase their

technology along with the other IITB research projects:


DoI: 1st June, 2015 (M-13: CSRE)

Founding Team:

Apurva Godbole

Dinesh Sain

Prasanna Shevare

“We are a SINE IITB incubated

drone solutions company. Drona

builds solutions for emergency

services, primarily fire accident

rescue operations and life safety

at beaches. The 'Pluto' drone is

an educational platform for

college students to learn drone

building and drone hacking. We

also provide aerial

cinematography and mapping

services.”

www.dronaaviation.com

Top Left: NanoSniff

Technologies’ OmniCant and

Sensimer

Top Right: ideaForge

Technologies’ UAV NetraV2

Bottom: Drona Aviation’s

handheld Pluto Drone

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6. Other Events hosted by SINE

a. NEAC-IITE Meeting for DST (30th

Nov – 1st Dec 2015)

SINE hosted a meeting of the Department of Science and Technology’s

National Expert Advisory Committee on Innovation, Incubation and

Technology Entrepreneurship (NEAC-IITE) for two days. The purpose

of the meeting was for DST to review applications and presentations

from institutes to set up new incubators.

A panel of experts was invited alongside the 4 DST members to judge

the presentations. The panel was chaired by Dr SK Joshi, and included

the following personas:

Mr Ananta Sarma, CEO, SIDBI Venture Capital Ltd, Mumbai

Dr CR Bhatia, Ex. Secretary, Department of Biotechnology, Navi

Mumbai

Dr Dinesh Awasthi, Director, Entrepreneurship Development

Institute of India, Gandhinagar, Gujarat

Mr Manav Subodh, Head, Corporate Affairs, South and West India,

Intel, Bengaluru

Mr Nalin Kohli, President, Association of Small & Medium

Knowledge Industries, New Delhi

Mr Saurabh Srivastava, Chairman Emeritus, TiE Delhi

Mr Suhas Gopinath, Chairman and CEO, Globals Inc., Bangalore

b. Event with Banks (28th

Jan, 2016)

SINE held a meeting with banks to discuss modes of collaboration

between the financial entities and the incubator. The banks attending

were Canara Bank, Citi Bank, Dena Bank, Deutsche Bank, HDFC Bank,

IDFC Bank, Kotak Mahindra Bank, State Bank of India and Yes Bank,

most of whom presented their offerings for startups. 8 incubatees from

SINE also presented their offerings to banks and/or large corporates.

The topics of discussion between SINE, the banks and the incubatees

included establishment of branches catering to startups, increased

financial benefits and lines of credit to startups, consideration of taking

IP as collateral against loans, innovative methods to fund new-age

startups as they do not fall under traditional MSME specifications,

helping startups with expensive products judge credit-worthiness of

customers, thereby establishing EMI schemes, etc.

The event ended on a positive note, with many banks scheduling one-on-

one meetings with the incubatees to take up the interaction forward.


DoI: 15th May, 2015 (M-10: CSRE)

Founding Team:

Saurabh Bhat

Pooja Gupta Bhat

Vision

To be the most popular online

platform for credit, insurance and

equity intermediation, servicing

small and meduim scale enterprises.

To enable MSME clients get a faster

and easier access to the banking and

finance sector, where borrowers who

need access to credit get registered,

upload information which is analysed

filtered and presented as a proposal

format that is accessed online by

banks and financial institutions.

“Our objective is to fulfill finance

related requirements of MSME

clients through a faster, more

transparent and easy process and

thus provide fuel for the growth of

this sector, which accounts for

almost 40% of the countrys exports,

and employs over 60% of the labour

force.”

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SAYING GOODBYE…

Dr Pradeep Babu Sadasivan Pillai

Former Business Development Manager, SINE

Pradeep has worked as SINE’s Business Development Manager for 2

years. He’s worked round the clock to ensure that SINE always has a

continuous pipeline of applications. Some of his major achievements at

SINE:

Facilitated over 100+ applications to SINE’s incubation per year.

Worked with idea-stage to prototype-stage plans to ensure 20 new

startups into SINE.

Laid the groundwork for (and still assists with) the setup of a Bio-

Incubator within SINE. His consistent efforts and engagement took

the healthcare and medical device companies’ pipeline from 0 to 12.

Identified promising research from within IITB and helped teams

apply for competitive national-level grants. His efforts in that area

have helped teams access over INR 20mn for proof-of-concept

generations towards eventual start-ups.

Pradeep is currently working as a senior advisor to the UK Science and

Innovation Network under the British High Commission, but still helps

SINE out whenever required.

Bidding Adieu…

Exit Date: 31st Mar, 2015

Founding Team:

Faisal

Mandar

Abhishek

“Omnikart.com is a b2b e-commerce

platform and one stop solution for all

industrial needs. It was started by

bunch of IIT Bombay alumni’s who

aims to solve the procurement

problem existing in the Indian

industrial market. After a successful

incubation in SINE IIT Bombay,

Omnikart raised seed round of

funding from WIllfly Ventures.

Presently it operates in 30+ product

categories, spanning 100,000

products with well-reputed brands

from 1100+ trusted vendors.”

Cover Photo Credits: “Taking Flight” captured by Pradeep, symbolizing

SINE’s intent to soar to new heights and the beginning of the journey

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…AND WELCOME

New SINE team members

Rakesh Rajiv: Business Executive

Rakesh has a background in Research

Commercialization, having completed

his Post Graduate Diploma in

Bioscience Enterprise from The

University of Auckland and B.Tech. in

Biotechnology from Vellore Institute

of Technology.

Prior to joining SINE, Rakesh worked

as a Business Analyst at the technology transfer offices at Otago

University and Auckland University where he was involved in

supporting the commercialization team in market research, patent

landscaping, drafting business plans, screening new technologies etc. In

India he has worked as a researcher at National Centre for Biological

Sciences (NCBS) and as a Systems Engineer at Tata Consultancy

Services Limited (TCS).

Rakesh works in the Business team and manages deal flow within the

incubator. He is also building up the Bio-Incubator proposal for SINE.

Yashvardhan Banthia: Business Associate

Yash is an alumnus of IIT Bombay,

having graduated with a B.Tech in

Metallurgical Engineering and Materials

Science.

He has worked as a Business Associate

with Appco Marketing (India) Pvt Ltd

for a year, organising various face-to-

face marketing campaigns for

professional resource mobilisation for

not-for-profit clients.

At SINE, Yash manages events and outreach programs. He is also

building the structure of an upcoming Accelerator Programme, and a

new mentor database for SINE.

Bidding Adieu…

Exit Date: 31st Mar, 2015

Founder:

Toshendra Sharma

About

Wegilant builds automated tools

and offers solutions which address

the core problem of mobile

application security. Appvigil, the

flagship product of Wegilant, is a

SaaS based Mobile Reputation

Protection Suite which enables

enterprises to find security

vulnerabilities in mobile apps and fix

them, accurate and fast.

Vision

To secure mobile app ecosystem

during development, distribution &

deployment phases through

automation.

Mission

To automate app security

assessment, monitoring & defenses

accurately through innovation.

18 | P a g e

sine magazine | jan-mar 2016 issue

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