Bigtec Seeks Funds for Diagnostic Kit Launch
3/26/2008 9:22:01 AM
Bangalore: A biotechnology start-up that developed a hand-held diagnostic device with funding from the New Millennium Indian Technology Leadership Initiative (NMITLI) of the Council of Scientific and Industrial Research, Bigtec Pvt. Ltd is now looking for venture capital to fund a commercial launch. The Rs6 crore NMITLI grant helped the Bangalore-based Bigtec to miniaturize advanced medical technologies to create a so-called lab-on-a-chip where biology, chemistry, electronics, optics, micro fluidics and software converge in a hand-held device that can diagnose a pathogen in 10-12 minutes, which a conventional system today takes 4-6 hours.