XCODE Life Sciences receives ISBA 2013 Promising Venture Award

Chennai-based biotechnology company XCODE Life Sciences has received ISBA 2013 Promising Venture Award presented by The Indian Science and Technology Entrepreneurs Parks (STEP) and Business Incubators Association (ISBA). ISBA is a professional body sponsored by the National Science and Technology Entrepreneurship Development Board (Ministry of Science and Technology, Government of India). This award was presented in conjunction with the seventh edition of the Annual Incubator Conference on Business Incubation.

Held at KIIT University, Bhubaneswar, the conference theme focussed on ‘INCUBATION: Adding Dimensions, Spurring Growth’ which witnessed the participation of nearly 500 delegates from different communities such as policy makers, incubation managers and academia. An important part of the conference was the 5th ISBA Innovation and Entrepreneurship awards to recognise outstanding start-ups and entrepreneurs who gained from the Indian Incubation Network. XCODE was chosen among several Indian start-ups to receive the Promising Venture Award for its outstanding performance and innovative business model.

XCODE was closely evaluated based on several criteria that included innovation in technology, product offering, potential impact and its ability to succeed in the market. The eminent jury panel was headed by Prof YS Rajan, who is a professor at ISRO, Department of Space, Bangalore and Chairman, National Institute of Technology (NIT), Manipur, besides holding advisory roles at apex boards for several other institutions.

In July 2012, XCODE launched its signature product Lifelong Wellness, a scientific, personalised wellness programme for individuals based on an individual DNA analysis. Today, the company has a growing customer base of over 100 satisfied customers.

Commenting on the award, Dr Saleem Mohammed, Chief Executive Officer and Co-founder, XCODE Life Sciences, said “XCODE is both proud and honoured to receive this award and it comes in recognition of what we have already achieved in the field of personalised healthcare and what we are working towards – making a difference in the lives of the Indian population. This award is not only a great motivator for us but for all the other entrepreneurs in the country to do something different and stand out. I look forward to leading XCODE in the next stages of the company’s development.

EP News Bureau – Mumbai