In-Med Prognostics gets BIRAC grant to develop software for early detection of neurological disorders

Pune-based startup, In-Med Prognostics is working at developing a software platform for early detection and assessment of neurological disorders like dementia, Alzheimer’s and Parkinson’s.

The company recently received a Biotechnology Ignition Grant of Rs. 50 lakhs for a duration of 18 months from the Biotechnology Industry Research Assistance Council (BIRAC). The grant will be used to develop a cloud-based software platform that will label, visualize, and quantify the volumes of brain structures using 3D MRI images.

Startup incubator Venture Center in Pune is one of the partners and is associated with In-Med Prognostics for providing mentoring support and project monitoring.

Rajesh Purushottam, Co-founder InMed Prognostics, said, “Our proprietary software ‘Neuroshield’, addresses the need of the hour in neurology: accurate volumetric analysis of the brain and its structures. We will be leveraging deep learning algorithm and machine learning to provide time saving accurate neuro analysis which will aid in assessment and early detection of neurological disorders such as dementia, Alzheimer’s and Parkinson’s at affordable prices. The proposed solution is to provide a self-explicative volumetric report within an analysis time of 20 minutes”.

Set up by Purushottam, Latha Poonamallee and Al Curran, In-Med Prognostics aims at bringing affordable, accessible, evidence-based brain health diagnostic and prognostic tools to India and other emerging markets.

After having been selected as one of Top 20 global science-based ventures in the Falling Walls Venture competition, Berlin, 2016, the team has made significant progress in bringing state-of-the-art knowledge and technology in neuroscience, image processing, artificial intelligence, and data analytics, to assist Indian physicians in accurately diagnosing various neurological disorders such as epilepsy and dementia.

The Biotechnology Ignition Grant (BIG) scheme is a BIRAC initiative and is India’s largest early stage biotech startup funding programme that supports innovative ideas right from concept to proof-of-concept to advanced validation stage.