Life Sciences Baltic Session/ScanBalt Forum track: India – EU Collaboration on Life Sciences and the Health Sector

Life Sciences Baltic Session/ScanBalt Forum track: India – EU Collaboration on Life Sciences and the Health Sector

India will be one of the largest marketplaces in the world. Foreign healthcare players need to understand how the markets work before they enter it. The Indian government is driving for Universal Health Coverage and Make in India program for affordable healthcare devices. Still private providers consume most of technologies and are the players that need to be engaged.

Reverse innovation is a trend originating in India.  The Indian market asks for affordable devices and provides the volumes. Cost-efficient innovative products will find markets elsewhere, too, especially in cost-strapped Western markets.

The panel provides insights on market development in India, including examples of reverse innovations from India to Europe and back along with legal and IPR challenges.

Presentation of the speakers at the session “India – EU Collaboration on Life Sciences and the Health Sector”:


Sharda Balaji

Sharda Balaji is the Founder of NovoJuris Legal, boutique law-firm focused on investments, technology companies and corporate advisory. In the last 9 years, NovoJuris has worked with more than 250 financing deals, many deep technology companies, healthcare companies including accelerator focused on healthcare, many strong emerging companies including high profile unicorns and exits. NovoJuris is amongst top 5 law-firms in India in private equity.

Sharda earlier has worked with large Indian conglomerates and MNCs as their inhouse attorney on various projects including IPO, cross border transactions, M & A, takeover, mergers, intellectual property for more than 12 years, prior to starting NovoJuris Legal.

Sharda is an Independent Director at Faiveley Transport, world’s leading manufacturer and supplier of railway products. Faiveley is listed on NYSE Euronext Paris.

Sharda is on the advisory board of many technology and tech enabled companies. She is an active angel investor in more than a dozen companies and is an investor in accelerators such as HealthStart, India’s first accelerator focused on healthcare. She is on the governing council of TiE Bangalore Chapter and had chaired TiE’s Special Interest Group on Women entrepreneurs.


Paul Lillrank

Paul Lillrank has been Professor of Quality and Service Management at Aalto University since 1994.  He has served as the Head of the Department of Industrial Engineering and Management for eight years and been Academic Dean of the school’s MBA program.

Paul Lillrank received a Ph.D. in Social and Political Sciences at Helsinki University in 1988 after spending six years as a post-graduate student in Japan where he researched quality management in Japanese industry. After graduating he joined The Boston Consulting Group in Tokyo and later in Stockholm, returning to academia in 1992 as Affiliated Professor at the European Institute of Japanese Studies at the Stockholm School of Economics. He has been visiting professor at the University of Tokyo, served as program director at College des Ingenieurs in Paris, and teaches regularly at the Indian Institute of Technology, Kharagpur.

In January 2018 Paul Lillrank was elected chairman of the Aalto Health Platform, a body coordinating healthcare –related research at the university.

Professor Lillrank has conducted research in several service industries, such as software, telecom, airlines and retailing. During the recent past his focus has been in healthcare. He has been a pioneer in introducing industrial management methods to the study of healthcare service production. He has co-founded The Institute of Healthcare Engineering, Management and Architecture (HEMA), and The Nordic Healthcare Group (NHG), a consultancy.

He has been a frequent speaker and advisor to several healthcare producers and government agencies.  His research interests are in Health Systems Science, particularly process coordination, knowledge integration, managerial segmentation principle, value-based care, and regional service supply systems. A current topic is innovations in healthcare management, particularly frugal innovations.


Dr V K Singh

Dr V K Singh superannuated as Surgeon Rear Admiral after 37 years in national & international assignments. He earned MBBS, Masters in Hospital Administration, Diplomate National Board in Hospital and Health Care Management and M Phil.

He was awarded VSM (Distinguished Services Medal) for services at Zambia by the President of India and commendation by Zambia. He had been deputy chief medical officer of United Nations, visited/served in 32 countries, adjunct professor of Massachusetts Institute of Technology, (MIT) Zaragoza, Spain and adjunct research Professor- International Health Innovation Center, Ivey School of Business, Canada, consultant of National Disaster Management Authority.

He was president and is fellow of Academy of Hospital Administration, founder director of International Institute of Health Management Research, chairman, Health Care Division of Quality Council of India. Developed European Foundation for Quality Management (EFQM) model for Healthcare in India released by Union Health Minister.

Presently, he is Managing Director of InnovatioCuris, Director of Healthcare Asia for Lean Healthcare Excellence-Simpler, chairman Indian Society Health Professionals, visiting professor of Indian Institute Management and Indian Institute of Technology and authored book “Innovations in Healthcare Management: Cost-Effective and Sustainable Solutions” that was published in USA in 2015.


Sachin Gaur

Sachin Gaur is a researcher cum entrepreneur in space of mobile and Internet solutions. He was in top 10 innovators in India under India Innovates Growth Programme 2013 by FICCI. He is involved in multiple ventures in the domain of digital marketing, mobile solutions and Internet of Things.

He has a double M.Sc.(tech) in Mobile Security and Cryptography from Aalto University, Finland and University of Tartu, Estonia. He has worked in past with organizations like Adobe, C.E.R.N. and in research at the Aalto University in security related topics.

Also, he has a dozen patents issued/pending in USPTO apart from contributing book chapters in two books on topics of Innovation and Healthcare.

Life Sciences Baltics 2018

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