Updated on 9 May 2012
Overcoming the challenges, LeadInvent managed to raise little over $30,000 (Rs 14 lakh) of seed funding from IIT Delhi. The company further received two Small Business Innovation and Research Initiative (SBIRI) grants from the Department of Biotechnology (DBT) for funding its projects on TB and cancer research. Today, the company has in its kitty over $200,000 (Rs 1 crore) in funding.
Dr Sharma and his team — Dr Praveen Agrawal, chief technolgy officer, and Mr Surojit Bose, chief operating officer — supported by Prof B Jayaram, a co-founder, are putting intense efforts in the lab to make the software faster and more user-friendly.
On receiving BioSpectrum Asia Emerging Company of the Year Award, Dr Sharma says, "It's a great feeling to be recognized. It brings the feeling that perhaps somewhere people are looking at us and expecting our effort to ease the pain of millions. It's a great moral booster for the team."