New Delhi, February 01, 2020: The Gene Box https://www.thegenebox.com/, a B2B health tech startup, is India’s leading AI-powered platform that offers genomic solutions for preventive healthcare.
On Startup: While many of the founders of startups are from tier 2 and 3 cities, many of them move to tier 1 cities to set up their business. According to data, only 20 per cent of Indian startups operate in Tier 2 and 3 cities and only 5 percent of 338 active angel investors in India have presence in Tier 2 cities, investing $1.3 bn between 2014 and Q1 ’19. This points at a divide in terms of both opportunity and funding that may have stopped many innovative ideas before formal inception, including those of potential women entrepreneurs who are battling inequalities at many different levels anyway. There is a need to ensure expansion of opportunities and funding to these areas to promote an even growth of the startup ecosystem in India.
On Genetic Science: The government acknowledging genetic landscape as critical field is encouraging, and the introduction of national level science schemes will add the must-needed boost to the field. Data is the most critical aspect of any empirical study and such databases will add to the comprehensive understanding of the Indian genetic landscape. We are hopeful that it will make people aware of the role of genomics and other genetics-oriented fields in mitigating health risks and other benefits.
Corporate Comm India (CCI Newswire)