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Showing posts with label Zeopane. Show all posts
Showing posts with label Zeopane. Show all posts

Wednesday, May 27, 2009

Coffee Break Labs – A new initiative I am helping with

I have recently been helping a friend Sridhar crystallize the idea for a non-profit community oriented entrepreneurship promoting site called Coffee Break Labs. I’ve been in touch with several entrepreneurs in India over the past year or so and almost every second person I meet either is working for a start-up, is working on initiatives besides a full-time job or is a full-time entrepreneur. This of course is without even including the family-owned businesses who too are a core of this group.

There’s a silent mass-movement towards entrepreneurship that is taking place in India maybe aided by the recession and the lack of a lot of action in companies. One look at professional networks such as LinkedIn will tell you the number of groups that are getting formed to bring together these enterprising individuals, help them learn from each others mistakes, find like-minded partners for their next venture or just find some more inspiration to convert their aspirations into a real venture. LinkedIn we feel is too generic a platform and is more suited to job-seekers.

CBL (I have another rant coming on how much I hate the name :-)) is a movement that aims to bring these entrepreneurs and wanna-be entrepreneurs together, share inspiring stories, learn from each other and provide tools (tips, incubation, advice) and resources (Financial: Angel Investors, VCs, Contacts, Financial Institutions, Govt grants and Non-Financial: Sourcing, Hosting, Software, Hardware, etc ) and a whole lot of other stuff. These are initial ideas and the way we see it – CBL is going to be shaped by the first few people who join the community and work with us. So if you believe in this story, have suggestions for us or just want to enjoy the ride and learn with us as we try to grow this community, you can visit us at www.coffeebreaklabs.com and sign up and / or follow us on Twitter or Facebook or LinkedIn so that we can keep you posted on our progress.

Wednesday, May 06, 2009

Swine-Flu: Better Safe than Sorry

As part of my research for Zeopane, I started reading a lot about flu in general and branching off of that, reading on swine-flu - the latest killer which is slowly but steadily spreading its tentacles. Flu Vaccines is a killer-app that we are looking at for validating our technology since they are delivered transdermally and our low-cost microneedle patch will save costs significantly and also allow easier vaccination of the poorest people in the developing and under-developed countries. 

I know this post sounds like a pitch. :-) But the point of this post atleast is not that. After seeing more than 25 ads a day on TV in Hong Kong on Swine-Flu and ways to prevent it, HK and China as well have learnt their lessons from SARS. I was concerned if there's enough of an awareness in India about the disease. This is just my tiny effort to spread awareness of the symptoms and the precautions that needs to be taken. 

What are the symptoms of Swine FLU?

  • Lethargy
  • High fever (102 degrees+) along with chills, aches and pains
  • Sore throat
  • Stuffy nose
  • Nausea and/ or diarrhoea
  • Fatigue

How do you prevent its spread and / or how do you stop yourself from being infected?

  • Wash your hands frequently
  • Avoid visiting very crowded public places.
  • Avoid touching the mouth, nose or eyes, which are primary modes of transmission.
  • Cough or sneeze into a tissue -- dispose it off and wash your hands immediately
  • Avoid close contact with sick people, as far as possible.
  • If you get sick, stay at home.
  • Be well hydrated with fluids.
  • Eat a nutritious diet and build up your immune system. 
It's easy to say "Oh, this is a Mexican/SE Asian phenomenon". But with all the Air Travel that takes place these days (especially between India and SE Asia) and with the near 100% circulation of the air within a flight, it's a very strong possibility that if you don't take the said precautions, it could reach India. Although I do admire the fact that India has been very cautious in the airports, you never know when this killer can break through.

And knowing what happened in China with SARS (repeated denials for over 4 months) just to ensure the transfer of power happened smoothly in March 2003, I won't be surprised if Mexico's current claims that Swine-Flu is under control (especially after several governments including China started blocking people and products from Mexico) is a total or partial lie. So, please do take your precautions. 

Better to be safe than Sorry!!! And do spread the word around by sharing  these details with friends and relatives.

Older Posts on Zeopane that you might like to read:

Sunday, April 19, 2009

Zeopane needs your help

As I mentioned in my previous post, we are in a critical phase in Zeopane. We have made a lot of significant progress in the last few weeks. Based on feedback from a couple of VCs we approached and some honest introspection, we strongly believe that we are now at a stage where we need some specific and relevant skills on the management team and/or the board of advisors. So I'll provide a brief recap on the company, our technology and our current status and the kind of people we are looking for.

If you can help us out by spreading the word among your friends in the industry (irrespective of where they are located) and to well-connected friends who might know others, I'd really appreciate it. Of course, any contact that comes through you, we'll ensure that when we go to the next level, your assistance will be suitably rewarded. This will be over and above the satisfaction you will get from helping a pain-free drug-delivery technology reach the market and help save millions of lives.

Zeopane is an early-stage medical device start-up based in Hong Kong that has access to a unique and innovative nano-scale drug-delivery technology called Zeolite microneedles. Microneedles is the next-generation of innovative transdermal drug-delivery technologies and is being pursued by big names of the likes of 3M, J&J, BD among others. We have done thorough research on the competition and have strong reasons to believe our technology is superior in terms of costs and in terms of features.

We have already prototyped the technology, patented it (US and PCT patents filed and approved) and validated the technology in in-vitro trials. We are now moving into in-vivo trials in collaboration with some partners with a lot of experience in medical device commercialization and are looking to raise capital for the same. We plan to be ready to move into the first phase of human trials if all goes smoothly by mid next year. In order to strengthen the management team and the advisory board, we are looking for

  1. Management Partner: Strong background in pharmaceuticals or medical devices (preferably in a start-up) in a middle to senior management position with relevant experience in commercialization of medical devices, business development or clinical research / validations and regulatory affairs in medical devices. The person should be either willing to move to Hong Kong / Australia (that's where one of our partners is) or India (that's where another potential partner of ours is) and / or travel frequently between two of these three places.

  2. Advisory Board Member: For a person with the above skills and experience, but is not up for a management team position (right away due to current job commitments or not at all), we are also open to looking at getting them on our Board of Advisors (in which case they'll need to participate in occasional meetings and be available to guide us to move forward with our commercialization steps) in exchange for being a part of our growth story.

  3. Biochemical Engineer: A bio-chemical engineer who has experience in the manufacturing space or the capability to work with the scientists in understanding our critical IP around nano-technology based drug-delivery and preferably zeolite based micro-structures and helping us setup the processes and infrastructure to begin manufacturing micro-needles. If you know someone who you think might fit the bill but is not willing to commit to this right away, do put me in touch with them so that we can work out an arrangement that will be beneficial to them and the company (an advisory role for now and a position in the management team once we make more progress for example).

Please share this post with friends, relatives and acquaintances by e-mail and through social networking sites that you are a part off, send out a tweet on twitter with this post or blog's address and do whatever else is possible to get the word around and eventually reach people who might be able to help me out. I may be sounding desperate. But this is a very crucial time for this company and technology and that's the reason I am trying to push forward with this.

Thanks in advance for any help that you can provide. You can contact me or have them contact me at arhebbar (at) gmail.com in case of any interest / need clarifications.

Sunday, September 14, 2008

My experience with GIFT - YLP

It all began when I received a mail from MK from my school’s Career Services Department about a Community Development cum Leadership Programme *YOUNG LEADERS PROGRAMME – YLP* organised by GIFT (Global Institute for Tomorrow) – A Hong Kong based Not-For-Profit organisation headed by CN. I’d first heard about this program late last year when I took a course from CN titled “Leadership in Asia”. This was one course that truly opened by eyes and mind to a lot of new concepts and a whole new world. So I just couldn’t resist applying for this program.

It was initially supposed to cost US$ 12,500 which would be funded by your company. That surely wasn’t going to happen for me since I had no company that would sponsor me. I did my bit in trying to get people to fund me by approaching everyone I knew in the Corporate World. In between, a discount from GIFT, sponsorship from the school and some of my own funds, I finally was able to get into the program. Looking at the list of participants was really inspiring. We had Bankers from Standard Chartered India (some with about 15-20 years of work-ex) and Credit Suisse, executives from MTR Corp, Jardine One Solutions, Meinhardt-Australia, a few Entrepreneurs, a few students (including Simon and I from HKUST), some people from NGOs in Asia and Africa – A real good mix of people from all across the world – five different continents.

The YLP is about a 2 week programme where leaders from the Business World with different skillsets and levels of experience come together to create a business plan to help a business that is doing a lot of good on the Environment and the Social Front and needs some help on the Governance front. The entrepreneur in Question here was an inspiring lady (Ms. Yang Hai Lan) – who had won several awards including the Ford Motor Environmental Award and had also been nominated for the Nobel Peace Price for her contributions to society. She had quit her Accounting Job in 1997 and had almost single-handedly converted a barren desert of about 520 mu (86 acres) of land into a wonderful Vineyard and also built an Eco-Lodge around it along with producing Wine at the Ningxia University Winery.

Our mandate was to analyse her business and come up with a business plan to help her fix her business and also help her raise capital for expansion along with keeping the greater good of the community in mind.

I landed in Beijing after a short uneventful flight on Saturday, the 16th and had some interesting conversation with a fellow traveller who helped me make contact with the GIFT folks who were supposed to receive me. I also met Chethan there – A fellow Indian and an executive from Standard Chartered along with Chandran and Anita from GIFT. We had an interesting conversation about a few things including India, Cricket, Hockey, and the Olympics (which anyone and everyone in China had an opinion on). After about an hour’s drive, we landed in the Hotel which was almost like an ancient palace or temple. Right through the programme, the hotel and facilities provided were wonderful.

Over dinner, met and bonded with most of my team-mates for the next two weeks. The next day had lecture sessions begin. Lecture sessions for the first one week included talks on Globalisation, Diversity, Ethics, and CSR including talks by Nike and Boeing CSR Heads of Asia and a few other experts in the field. One lecture that stayed with me was one by Lawrence who was one of the economic policy advisors to the China Government since the 80s. His take on the future of Asia was really interesting. He felt that the rest of the world was 10 years behind what China was actually going through. He felt the China story was almost over and it was time to move onto India, Pakistan, Nepal, Bangladesh and other countries in South-Asia. That’s when I thought, here I come India.

The first week also included a talk on Wine-Making and the Jinhu Enterprise by Prof. Zhang – An expert on Wine-Making and a partner of the Social-Entrepreneur – Ms. Yang in her Wine-Making Venture. This gave us a first glimpse of the exciting week ahead of us. Towards the end of the first week, we also got split into different teams – Marketing, Finance, Governance and Community. I was put into the Finance Team and was really excited about this. I was also chosen to play the anonymous role of keeping an eye on the overall progress of the project and be aware of what different teams are doing since I was going to help edit the final business plan and create the business plan presentation with my previous experience of creating business plans in mind.

On Friday, the 22nd we packed our bags (including my super-heavy bags that weighed a total of 37 kgs). Right after this program, I was going to go onto London for my exchange and that was the reason for my huge luggage. I’d to finally split my luggage among those travelling light and that way finally it made its way to Ningxia and back. We finally landed in Ningxia after a short flight. After checking into the hotel in the provincial capital of Yin Chuan, we finally made a trip to the Eco-Lodge. It was obvious that there was a lot of room for improvement in the lodge itself. Along with the lunch, we set about on our info-gathering with a lot of help from translators (both within our team and ones that GIFT had brought in).

The next two days involved a lot of interviews, wine-tasting, visits to different eco-lodges and wineries in the province. In between this, the Finance Team set about looking at the financials of the venture. We were shocked to see the unprofessional way in which this was managed. But then, this was very much a family owned enterprise and in hind-sight, the accountant who had a basic diploma in accounting and incidentally was also a waiter at the eco-lodge had done a pretty decent job at it although there definitely was a lot of room for improvement. As we set about, putting these numbers into a standard format and started trying to make sense of the numbers thrown at us, we saw a few potential opportunities which finally became the core of our recommendations for the venture.

Several discussions between groups, people trying to convince each other of their ideas and trying to build consensus followed. A Sunday Night meeting (There was a meeting chaired by one participant every night to take stock of the day’s learning and where we were headed) went all chaotic. People weren’t convinced about Ms. Yang’s noble intentions and it was expected to get really messy from what we’d heard from different group members. That’s when the GIFT CEO, Chandran took charge and gave us a piece of his mind and helped build a consensus around continuing to work towards the common goal and being open to giving people the benefit of doubt and talking about all the independent organizations that had endorsed Ms. Yang.

He also took charge that evening and set about assigning different parts of the business plan to different teams. Anyone who’s written a business plan knows that once you have the contents for each of the sections of a business plan, it will then contain all you need to start or in this case re-start/rejuvenate your business. This gave the teams a lot of focus and helped people focus on the small job at hand rather than get diverted by the big issues like Ms. Yang’s intentions. Over the next 48 hours, a lot of work got done in between several parties, karaoke nights, massages at the hotel spa and several discussions about random topics.

The last two days of the programme involved a lot of work for me – I’d to merge random slides that four different teams had put together and create a story around it. This is no easy task as anyone can imagine. I think I did a fair job at it. But looking at the questions that were asked post our presentation, there is definitely some room for improvement. I was quite pleased with the final end-product and got a lot of praise for it which was quite satisfying.

In hind-sight, I would have liked to be moved around between the different teams as they were working on their content so that I had some idea on the overall story rather than try to make sense of the random information put into the 3-4 slides I got. I also will continue to work on the long version of the presentation from which will emerge the Investment note and try and make a small contribution towards the overall success of this project – which for me will finally be judged by the success of Ms. Yang’s little company called Jinhu Entreprise.

Overall, this program has helped me grow as a person, taught me a lot about the importance of focus, helped me learn a lot about China, a little about Japan from my two Japanese Team-mates, a few contacts who might help my Start-Up (Zeopane – www.zeopane.com) and to some extent improved my Mandarin

Thursday, June 26, 2008

Officially an entrepreneur

Submitted the Zeopane Incorporation Forms today at HKUST. Poorer by 1700 HKD, but richer by the title of an Entrepreneur, Co-Founder and Director of Zeopane Limited and a chance to make it big in the world of Bio-entrepreneurship.

This all started with the last of our business plan competitions. We were approached by RM, one of the key organizers of the competition asking us to sign an NDA and this we had to do as a company. Not sure if this will lead to much. But at least it commits us to work towards taking this venture further. We have made some progress and are finalizing the rules of the game and working hard towards formalizing the communication that we need to make with all our potential investors.

Let's see how this pans out. Wish me luck!!!

Wednesday, April 16, 2008

Randhir on CNN Money!!!

I am proud of being a part of the Zeopane Team. It now featured on CNN Money Website as part of the list of teams that participated in the RICE University Business Plan Competition.

Another feather in the cap.

Zeopane wins at RICE!!!

Zeopane and I finally has something to show for the marathon 3 month effort that really all started in the second week of January. Even though we'd identified the product in early December, we didn't get down to beginning work on it till after the Winter break.

The next two months were really an experience to be remembered. Lost all contact with the rest of the world for a few days in between. Just managed to get by assignments, exams, classes and finally ventured out for my 4 week sojourn in the U.S that started on March 11th.

Carnegie Mellon University's McGinnis Ventures was truly an eye-opener on what some of these competitions can be. The competition far exceeded our expectations. Ventures with funding, sales orders, all due-diligence complete and some even already functioning. How were we - this fictional company with no US-Experience, no-Pharma Industry experience and no funding of any sort (even my CMU Ticket was self-funded :-)) expected to compete. We got hammered and did not even make the finals. Got some feedback which read - FDA Comments Naive!!!

We at Zeopane decided to turn the tables around, did our due-diligence on FDA in US in terms of how expensive it can be, SFDA in China and turned the story around to a China Story. This clearly was a great strategy. Even if we weren't the Pharma experts, we now clearly were the China Experts with 3 Chinese looking people on the team. With me, the Technology and Diabetes expert on the team, we were almost a complete team.

At Rice, we got some great comments. Some people rated us the best presentation among all the teams they saw. We had quite a few people convinced that Zeopane microneedles was truly a great product. We had one China based VC expressing an interest in talking further with us. Another India Fund wanted to know if I wanted to explore entering the India market with this product. Need to follow up with these two and all the other contacts we've made at Rice in between catching up with all the classes and exams I missed during my 1 month vacation in US.

Overall, by the end of the Rice Competition, HKUST and Zeopane had made its impact. The most unforgettable moment was when a couple of guys (not from HKUST) went up to the Karaoke Stage and started screaming "Zeopane, Zeopane". :-)

Zeopane @CMU

I know this update has been long overdue. I was just too busy catching up with friends in Pittsburgh, Columbus and all over the US and to some extent sulking over the CMU Results. Zeopane along with 11 other teams could not make it to the final round or even the challenge round. This might sound like a huge negative - but it really isn't.

In hind sight, we definitely had come up with a great product and a decent presentation. There were a few major issues with the business plan itself which were pointed out to us. And this feedback and the contacts we made is probably the greatest take-away from the competition. For future students, when looking for a product, you will need to look for a product in your area of strength. Pharma / Medicine wasn't any of our subjects of specialization and Diabetes / Insulin wasn't too except that I have more than a handful of diabetics in my extended family. This definitely hurt us to a great extent (not having someone with the tech expertise in there). Although I was able to answer most of their technical questions, I think having the expert speaking would have been a lot more effective.

Pharma was definitely one of the tougher tracks to be in. There were some really good teams in the Pharma track along with ours that didn't make it through to the next round.

Our team not having anyone familiar with the drug-approval mechanism in the US was definitely a weakness. Some of the terms like the 510(K) approval - our team hadn't even heard of it. On the other hand, some teams had already met the FDA and sought their views on how they should seek approval for their products.

And looking at the other presentations, one other huge weakness was not having the inventor alongside us. This greatly shows the inventor's commitment to the cause and the company (especially if he comes all the way from Hong Kong). We are now trying to convince Prof Yeung to accompany us to Rice since we do not have a faculty advisor for the competition since Prof. Larry is already in the US teaching in Darden.

One of the other suggestions we got from one of the judges was that we should probably just focus on manufacturing the microneedles and let the specialist pharma companies decide where they want to use it. The only problem we have with that approach is how to convince the Pharma companies that this works.

Overall, some great feedback, lot of learning and the realization that HKUST has a long way to go in terms of even being close to a good school for entrepreneurship. HKUST does not claim to be big on entrepreneurship. But just what being a good school for entrepreneurship dawned on me during the competition looking at the other teams, their commitment to their product, the huge investments they had made (more than hundred thousand dollars) and how much further they were into making their product commercially viable.

Looking forward to leveraging some of this feedback and giving an improved performance in Rice.

Saturday, March 01, 2008

Rice and CMU - Two B-Plans / One Team

Just heard from Rice University, Texas that Zeopane, our company has been accepted into their business plan competition. We are really excited about it. This seems to be a great week. Here's an excerpt from their mail.

"Congratulations! ZEOPANE Microneedles has been invited to compete in the 2008 Rice University Business Plan Competition! This year we have had a tremendous response, receiving over 280 intents from graduate programs across the world.

As one of only 36 teams selected, you will be able to compete with teams from top programs for a Grand Prize package of over $225,000; a total of 52 cash prizes will be awarded raising the competition total to over $600,000.

In addition, you will have the unmatched opportunity to meet and network with over 160 venture capital principals, early stage investors, and successful entrepreneurs who will serve as judges for the competition. Winners from previous years were offered additional seed funding from these judge/investors."

The only thing that we are not too happy about is the school insisting on us having to split our teams instead of allowing us to go for both. Hard decisions to follow. Will keep you, the readers posted.

Friday, November 16, 2007

New Products / Ideas that need funding!!!

What you get? Your product/idea promoted at two of the most prestigious Business Plan competitions in front of 100s of Venture capitalists by some of the best business grads in Asia along with possible funding of nearly 200K from the Rice University and 20K+ from CMU.

What we get? A partnership (percentages to be worked out mutually) in the company that gets formed to take your product to market and an opportunity to present your product in the two business plan competitions along with extensive product knowledge.

Deadlines: Respond before Nov 30th, 2007 (Ideas would be processed as they come in and we are also looking at a few ideas from within the university - so the early your idea reaches us, the better your prospects)

Details of the business plan competitions:

http://www.alliance.rice.edu/alliance/RBPC.asp

http://www.mcginnisventurecompetition.com/

Take a look at the prizes on offer. Most of those would go into your product. Mail me your contact details along with a 2 page summary of your product, what stage it is in, in terms of development, patenting, and commercialization.

Contact Details: arhebbar (at) gmail.com or randhir (at) ust.hk

Rice / CMU Business Plan competitions

I'm all excited now. Team Greenbucks finally made its decision - to some extent driven by the bucks but just the option to go to one or both of the two most prestigious of Business Plan competitions is something we just could not afford to pass.

The USF competition was also pretty attractive with the option of going to the one state I hadn't visited in US being a pretty good alternative. But the grand prize of 100K USD at Rice was way too good to pass. I know this involves a lot more competition than USF - but then one thing the three months here has taught me is that the human spirit just longs for challenges. Throw it a challenge and believe in it and you'll make it or at least get really really close. We'll give it our best shot and the one fear I had that my team was not as committed to BP was washed away today with the belief I saw in going for Rice and really the effort we all put in during the internal case competition.

Before you guys start going ga'ga over the 100K figure, that's just money to help build the product growth. We probably won't get even a penny out of it. :-) Rice has a lot of small prizes like 3-4K USD. I don't think any product can be promoted with just that kind of money. So winning 5th or 7th prize might be better than winning first prize here.

Last night was crazy. Suddenly my team members start talking about Case Competitions and how they'd be the better option with chances of success being better and everything. Had a tough time convincing them. Finally decided that it was best to give it some time. Prof Nason finally helped convince my team this afternoon that BP wasn't really that much of an effort since we were all anyway going to take the Business Plan course.

And then the climax with one team member keen on USF and the others keen on RICE/CMU after we'd sent our preference to the Professor. It really should be fine since Rice was the second choice there too.

GOOOOOOO GREENBUCKS!!! Thanks Wolf, Carrie and David for being such wonderful team-mates.