AMU professor gets grant to set startup at IIT Kanpur
Call 8585951111
The therapy assures that Diabetic foot ulcers no more lead to high morbidity, mortality, microbial infection and serious complications such as amputation.
AMU professor gets grant to set startup at IIT Kanpur
Aligarh Muslim University (AMU) Professor Asad U Khan has been granted INR 50 lakh by the Biotechnology Industry Research Assistance Council (BIRAC) to set up a startup at the Indian Institute of Technology (IIT) Kanpur’s Startup Incubation and Innovation Centre (SIIC). Professor Asad patented novel formulation to treat Diabetic foot ulcers with Photodynamic Therapy has been given the grant. The therapy assures that Diabetic foot ulcers no more lead to high morbidity, mortality, microbial infection and serious complications such as amputation.
The prestigious Biotechnology Ignition Grant has been given to achieve the goal of making the novel formulation ready for commercialization in a period of 18 months. According to Prof Asad, “Specially-created nanoparticles are the key component of this new drug and each nanoparticle will store medication and deliver it specifically”.
“The new drug will be used for trials on Diabetic patients with foot ulcers at the Rajiv Gandhi Centre for Diabetes and Endocrinoloy, J N Medical College (JNMC), AMU where the Centre Director, Dr Hamid Ashraf has extending association”, he said.
Prof Asad stressed, “There is a critical need to develop novel treatments to improve healing of diabetic foot ulcers as very few drugs and therapies have regulatory approvals”. The grant awarded for the development and production of the novel formulation is in line with the Government of India’s National Innovation and Start-up Policy (NISP)-2019 that allows innovators from among the faculty and students to establish startups.
Meanwhile, Department of Science & Technology (DST) has given funding of INR 3.29 crore to Kritsnam Technologies, the IIT Kanpur incubated startup company, for developing a smart water monitoring system. The objective is effective monitoring and controlling of groundwater exploitation in India.
Read More:
Follow Shiksha.com for latest education news in detail on Exam Results, Dates, Admit Cards, & Schedules, Colleges & Universities news related to Admissions & Courses, Board exams, Scholarships, Careers, Education Events, New education policies & Regulations.
To get in touch with Shiksha news team, please write to us at news@shiksha.com
She has over 10 years of experience in the education and publishing sectors. She specialises in exam coverage and content creation. At Shiksha, she writes, analyses, and presents information for students preparing f
Read Full Bio