IISc, Blockchain For Impact Collaborate to Accelerate Biomedical Innovation

The announcement of the partnership between IISc and BFI lays the foundation of a series of collaborations that will add to the future of biomedical research and innovation in India. Through this partnership, BFI aims to establish itself as a key player in the Indian translational research ecosystem, driving positive change in healthcare ecosystem.

Indian Institute of Science (IISc) and Blockchain For Impact (BFI) have joined forces under the BFI-Biome Virtual Network Programme, which will see BFI support various research projects at the IISc. The collaboration was formally launched at an event at IISc on Thursday, February 8, 2024.

Prof Govindan Rangarajan, IISc Director, emphasised the importance of collaboration in driving innovation, stating, "IISc is delighted to partner with BFI in this endeavour. By harnessing the expertise of our researchers and leveraging the funding support provided by BFI, we aim to accelerate the translation of scientific discoveries into impactful healthcare solutions. This collaboration is an important step in ‘bench-to bedside’ innovation. It also exemplifies our continued commitment to advancing knowledge and driving positive societal impact."

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BFI aims to allocate USD 1 million over the course of three years, for the BFI-Biome Virtual Network Programme and support collaborative projects aimed at translating research outcomes into tangible healthcare solutions. Under the partnership, BFI-Biome will support selected research projects in life sciences from IISc faculty. It is expected that two to three projects will be supported every year.

The event, held at IISc, was attended by Prof Govindan Rangarajan, Director, IISc, Prof Navakanta Bhat, Dean, Division of Interdisciplinary Sciences, Prof KJ Vinoy, Chair of the Office of Development and Alumni Affairs, and members from the Office of Research Grants (ORG). Representatives from BFI including Dr Gaurav Singh, CEO, Dr Pooja Agrawal, Program Director, and Dr Satya Prakash Dash, Senior Advisor, were present. This partnership marks a significant step towards accelerating transformative healthcare solutions through cutting-edge biomedical innovation.

Prof Navakanta Bhat, Dean of Interdisciplinary Sciences, IISc, appreciated the BFI-Biome Virtual Network Programme, stating, “The BFI vision aligns with the efforts of IISc to develop scientific solutions for the current healthcare challenges. With the IISc Medical School, IISc will create the next generation of physician-scientists in India by fostering interdisciplinary research, to address the healthcare needs of the world. Access to funding is a precursor towards the achievements of these goals.”

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