PCG technology incubation center

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Information about PCG technology incubation center
Technology

Published on February 17, 2014

Author: vinitverma2

Source: slideshare.net

Description

PCG has been incubating disruptive technology startups that are working with the mission of simplifying human life with technology. After stringent due diligence and a series of discussion with the promoters, the startups are shortlisted. Upon shortlisting, PCG supports the startups with facility (space), basic expenses and technology inputs throughout the product development stage. From the Minimum Viable Product (MVP) stage, PCG supports the startups with the go-to-market strategy. PCG supports the venture throughout the growth phase before making the exit.

Pflegen Consulting group (PCG) to incubate technologies to curb counterfeiting challenges NEW DELHI, INDIA (January 23, 2014) - Soon after announcing its product incubation center in November 2013, PCG announced incubation support for two innovative ideas this afternoon. PCG is now incubating a unique SaaS based anti-counterfeit tool, ValueSecure and a Sequenced data storage and distribution platform, AlphaHelix. While speaking with media representatives, Vinit Verma, CEO of Pflegen Consulting, mentioned that PCG will continue to incubate disruptive technology startups that are working with the mission of simplifying human life with technology. PCG is developing a robust technology that can help companies across diverse industry verticals address the issue of counterfeiting of their products. With ValueSecure, PCG intends to protect the health and lives of people across the globe. The product will also help genuine manufacturers of medicines and other products increase revenue and enhance brand value. This initiative will also help the government realize more taxes on increased sales of genuine medicine and other products. Last but not the least; the product will also help companies and the government agencies to reach out to the sources of counterfeit products. Current global counterfeit estimates vary from $200 billion per annum (OECD) to $600 billion (Progressive Policy Institute). FICCI estimate has put the annual loss of revenue due to counterfeiting to the Indian companies alone in excess of Rs 4,000 crore. Alpha-helix technology is another future technology which is being developed by PCG keeping in mind the progress in the Next Generation Sequencing and its affordability. Alpha-helix offers a platform for the Sequencing companies to securely store the Sequenced data or the genetic profile of its clients on a centralized server. The user can view the gene map and understand the impact of lifestyle on health based on the genetic makeup. The user can also share his or her genetic profile with surgeons at the time of surgery or chemotherapy. Surgeons can prescribe drugs based on the genetic makeup of the individual. Thus, the company is getting poised for the big pharmacogenomics revolution. Contact: Mansi Bajaj, Media Relations mansi@pflegencorp.com, +91-11- 4234-1127

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