DTM E49. Building a BioTech Startup in the Cultivated/Lab Meat Industry - Nihal, MyoWorks
Description
In this episode, we have an exciting guest, Nihal, the co-founder of Myoworks, a biotech startup that is shaping the future of the cultivated meat industry. Nihal shares the founding story of Myoworks and how they adapted 3D printing to create something more innovative and cutting-edge for the cultivated meat industry. He talks about the team's journey in creating a novel scaffolding technology for the industry. We also touch upon the benefits of cultivated meat as a sustainable and eco-friendly alternative to conventional farm meat. Lastly, Nihal mentions the team's success in securing funding through BIRAC and the SINE incubator at IIT Bombay. So, let's dive in and learn how Myoworks is revolutionizing the food industry!
For episode transcript, bullet point summary, and more – bit.ly/dtm-nm
Social Links
Nihal - nihal-singh (LinkedIn)
MyoWorks - www.myoworks.in
Pronojit Saha, DTM Podcast - pronojitsaha (LinkedIn), @pronojits (Twitter)
Show Notes
(0:29 ) Founding Story and Overview of Myowworks
(2:11 ) Understanding Cultivated Meat: Ingredients and Appearance
(5:22 ) Benefits of cultivated meats
(7:47 ) Regulations Around Cultivated Meat
(8:14 ) The Challenges of Raising Funding for BioTech Startup
(11:08 ) Assessing Business Model Viability in Early Stages
(13:07 ) Identifying Early Customers for Startup Success
(15:32 ) Working with design partners
(16:25 ) Assessing Technical Feasibility and Iterative Process
(19:40 ) Facilities for Technologies: In-House or Ecosystem Enabler?
(21:27 ) Overcoming hurdles in Biotech startup marketing by being Data Driven
(24:50 ) Current Status and Future Expectations of Market Regulations in Singapore and Worldwide
(26:28 ) Challenges in scaling for the BioTech industry
(28:30 ) Insights on Raising Seed Funding for Biotech Startups
(31:20 ) Anticipated BioTech market forces in the next 3-5 years
(32:22 ) Advice to fellow BioTech startup founders to gear them for success.
United States
