These startups have healing touch


It took Leo Mavely almost seven years to sell his first product, Axiostat, a bandage that stops bleeding instantly when pressed to a wound. No one else was making the product in India -his two closest competitors were in the US, but that was precisely the problem. The lack of competition meant potential customers were wary about buying his product. But the 31-year-old biotech graduate knew he was on to a good thing and persisted. "Manufacture and product research and development is a long cycle and one needs to invest a lot," says Mavelly, who founded Axio Biosolutions in 2007.

His startup was incubated at Nirma Labs in Ahmedabad, where Mavely has set up a plant that manufactures two lakh units a year, but he also has an office in Bengaluru where he says the talent pool is larger.Over time, he's built a customer list that includes armed forces, security agencies, hospitals and paramedical care units...................Read more

 

Source: The Economic Times


Comments (0)



Please Login or Register to join groups