The Indian Institute of Science (IISc), Bangalore and Blockchain For Impact (BFI) announced a landmark collaboration under the BFI-Biome Virtual Network Program, which will see BFI support various research projects at the Institute. The collaboration was formally launched at an event at IISc on Thursday.
BFI aims to allocate $1 million over the course of three years, for the BFI-Biome Virtual Network Program and support collaborative projects aimed at translating research outcomes into tangible healthcare solutions.
The event, held at IISc Bangalore, was graced by esteemed dignitaries including IISc Director Prof Govindan Rangarajan, Dean of Interdisciplinary Sciences, Prof Navakanta Bhat, Chair of the Office of Development and Alumni Affairs (ODAA), Prof KJ Vinoy, and other notable members from their Office of Research Grant (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.
Mr Sandeep Nailwal, founder and visionary behind Blockchain For Impact expressed his delight on the launch of the BFI Biome Virtual Network partnership with IISc. With the $15 million program dedicated to advancing Biomedical Research and Innovation in India, the BFI Biome initiative transcends traditional boundaries by integrating both upstream and deep science, creating an environment that drives innovation leading to transformative health solutions. This program aims to bring together leading researchers, technologists, and innovators to collaborate and innovate to drive next-generations of intervention for improved healthcare. By partnering with eminent research institutes in India, BFI Biome seeks to support initiatives that have the potential to revolutionize healthcare delivery in India and global south.
Dr Gaurav Singh, CEO of BFI, expressed his enthusiasm about the partnership, stating, “This collaboration with IISc is a matter of great pride and exemplifies our commitment to advancing biomedical research and innovation in India. We aim to act as catalysts, collaborating with partners to forge multi-sectoral alliances that deliver long-term, equitable medical preparedness mechanisms. And while funding is one key aspect, our commitment to the cause goes beyond financial support. Through our biomedical research and innovation arm, district-level full-stack partnerships, and process-driven innovation funding and support, we are working towards addressing critical gaps in India’s healthcare infrastructure. The BFI-Biome Virtual Network Program is a significant first step in this direction.”
Dr Pooja Agrawal, Program Director, BFI, highlighted the potential impact of the collaboration, stating, “The partnership between BFI and IISc represents a milestone moment in our efforts to advance biomedical research and innovation in India. By leveraging the strengths of eminent Indian institutes, we aim to support cutting-edge translational research projects that have the potential to strengthen healthcare in the country. Through the BFI-Biome Virtual Network Program, we are committed to supporting collaborative initiatives that address key healthcare challenges and drive positive change.”
Prof Govindan Rangarajan, IISc Director, emphasized 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 the process of ‘bench-to bedside’. It also exemplifies our continued commitment to advancing knowledge and driving positive societal impact.”
Dr Satya Prakash Dash, Senior Advisor, BFI, reflected upon the achievements of IISc since its inception, stating, “IISc has been led by distinguished leaders & the institution has played a pioneering role throughout its history in moving the frontiers of science & nation building exercise. It has nurtured several deep science platform initiatives for greater societal benefit. Our collaboration intends to strengthen innovation through bringing multidisciplinary teams that is akin to an ecological ecotone with the potential to develop transformative biomedical solutions through nurturing exciting translatable ideas.”
Prof Navakanta Bhat, Dean of Interdisciplinary Sciences, IISc, appreciated the BFI-Biome Virtual Network Program, 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. An access to funding is a pre-cursor towards the achievements of these goals.”
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.
About ‘Blockchain For Impact’ (BFI)
Blockchain for Impact was set up during the 2nd wave of COVID pandemic in India, was created to help support those in need of help. As the world’s most transparent healthcare fund, BFI initially worked towards strengthening the Indian healthcare system through a sustained supply of medical equipment, vaccines, and relief kits. However, after the COVID wave, the focus transitioned towards early identification and prevention activities which sufficed in capacity building, genome sequencing, adding hospital beds, vaccination, and awareness campaigns.
What started as a Samaritan in emergency response has now transitioned towards a system that is involved in introducing programmatic interventions across the public health space at micro and macro levels. BFI aims to utilize skills, commitment, and technology to address current challenges and future gaps centred around health to help the marginalized and the vulnerable. With a special focus surrounding Biomedical Research and Innovation, BFI’s District-level Full Stack Program, Process-driven Innovation, and Relief work, BFI has been devised for pre-empting, predicting, and preparing India’s healthcare system for the inevitable pandemics.
From devising emergency relief measures to bringing programmatic interventions with long-term decision-making in perspective, ‘Blockchain For Impact’ remains driven towards improving the well-being of the marginalized across various priorities in the public healthcare space and aims to become a holistic support system for the future of Indian healthcare.