Business Description:Axio Biosolutions is formed on the basic premise of developing affordable medical devices using natural biomaterials for the unserved markets. We have successfully developed a completely natural 'Hemostatic Medical Dressing' which would stop profuse external bleeding within two minutes of application. The product is currently undergoing pre-clinical trials for regulatory approval.
Commitment of Axio is to Research and Develop advanced biomaterials for efficient care of a victim in trauma and thus improve the quality of care and treatment capabilities at a much earlier stage of injury. We develop Medical Dressing based on the bio-chemical interactions of certain natural biomaterials with the body. Currently the efforts are directed towards developing Medical Devices for Wound Care, Anti-bacterial care and Tissue Engineering applications. We utilize a multi-disciplinary approach of intergrating various fields such as Microfluidics, Bio-chemistry and Engineering to develop unique and efficient Bio-chemical Medical Devices.
Industry:Biotech
Founded in:2008
Source of idea:Systematic search for business opportunity
Significant Competitors:Companies in the area of Medical Devices / Tissue Engineering / Wound care, like Johnson & Johnson
Company Details :
Company Name:Axio Biosolutions
HeadQuarters:Ahmedabad
Stage of the company:Have prototype
No of Employees (2006):Did not exist
No of Employees (2007):0-5
Office Locations(2006):Did not exist
Office Locations(2007):0-1
No of companies promoted:No
Profits (2006):Did not exist
Profits (2007):preprofit
>Partnerships:NirmaLabs - Incubation during early stage development
Initial Funding:
Addl Funding:Family & friends
Institutitional Capital:No
Revneue Model:1) Hemostatic Medical Dressing: By targeting Hospitals & Emergency services
2) Licensing technology to existing medical dressing providers
3) Utilizing the platform technology of Biomaterial modification to come up with various wound care and tissue engineered medical products.
Awards & honors:Selected for incubation with a seedfund of upto Rs. 20 Lacs at NirmaLabs, technology business incubator.
Promoters Details :
Promoters Name(s):Leo S. Mavely
Age:23
HomeTown:Trichur
Education:Bachelors MDU Haryana
No of companies promoted:No
Family Background:First gen entrepreneur
Job:N.A. at NA
Ex-Job Description:N.A.
Favorite Book/Movie:Blink - Malcolm Gladwell
