et startup awards 2023: ET Startup Awards 2023: Nominees for Top Innovator


The award will recognise innovations that launch a business or give it a big boost. It should be an original idea that is core to the business or one that provides the differentiation that sets it apart from competition.

Company Name: StringBio

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(From left) StringBio founders Ezhil Subbian and Vinod Kumar

Founded In: 2013

Founders: Vinod Kumar, Ezhil Subbian

Based In: Bengaluru

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Key Investors: Ankur Capital, Redstart Labs, Karnataka Information Technology Venture Capital Fund

What it does: StringBio uses fermentation to convert gases into solids. It sources methane from biogas and uses specialised bacteria to ferment the gas and produce a biomass. The produce can be used for animal feed and plant feed, and in the nutraceuticals industry.

Company Name: Zero Cow Factory


(From left) ZeroCowFactory founders Sohil Kapadia and Parini Kapadia

Founded In: 2020

Founders: Sohil Kapadia, Parini Kapadia

Based In: Surat

Key Investors: Green Frontier Capital, Gujarat Venture Finance, Pascual Innoventures

What it does: Zero Cow Factory creates A2 Beta Casein, an important protein molecule needed to make milk from synthetic sources. The firm has identified the DNA code that produces beta casein in cows, and inserts this DNA code into microorganisms that are grown in a precision fermentation chamber.

Company Name: GalaxEye

GalaxEye FoundersETtech

Founded In: 2020

Founders: Suyash Singh, Denil Chawda

Based In: Bengaluru

Key Investors: Speciale Invest, Anicut Capital, Rainmatter, Arth India Venture, JJ Family Office

What it does: GalaxEye builds satellites that capture multi-sensor imaging data, which can combine both multispectral images and synthetic aperture radar images into intuitive imagery. The company has finalised an MoU with ISRO and expects to launch its first satellite at the end of 2023.

Company Name: Brainsight AI

Brainsight AIETtech

(From left) Brainsight AI founders Rimjhim Agrawal and Laina Emmanue

Founded In: 2019

Founders: Laina Emmanuel, Rimjhim Agrawal

Based In: Bengaluru

Key Investors: Redstart Labs, SAE, Sab Holdings, Entrepreneur First, Info Edge Ventures

What it does: Brainsight AI’s advanced software system can create a map of the human brain, tracking signals exchanged between different parts of the brain. This helps doctors analyse their patients better and treat them more efficiently.

Company Name: Newtrace

Newtrace FoundersETtech

(From left) Newtrace founders Rochan Sinha and Prasanta Sarkar

Founded In: 2020

Founders: Prasanta Sarkar, Rochan Sinha

Based In: Bengaluru

Key Investors: PeakXV Partners, Aavishkar Capital, Micelio, Speciale Invest

What it does: Newtrace has created electrolysers that can manufacture green hydrogen. It sets the electrolysers up at large industrial complexes. To cut costs, these devices use locally sourced metal components, run on normal water, and do not require expensive membranes to separate gases.

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