Nitin Khanna Leadership and Culture

Early Beginnings

From his early days growing up in India to his present day as CEO of Merger Tech Nitin Khanna has always focused on the essential and key elements of his success: innovation, philanthropy, creativity and entrepreneurship. When recently asked why he became an entrepreneur Nitin Khanna quickly answered by outlining the events which led to his current success. Nitin Khanna was born in 1971 in India.

Family of Entrepreneurs

Nitin Khanna credits much of his success as an entrepreneur as having come from the his family’s influence as entrepreneurs. Nitin Khanna was able to take part in many of his family’s entrepreneurial plans at an early age. Even before he left India to pursue his degrees in Industrial Engineering, he learned alot about how entrepreneurs plan and execute their ideas for a successful business from his family.

Move to United States and Education

His Father was an Army man, while his family was primarily made of entrepreneurs. He was exposed to the life of the entrepreneur from within his family. However he came to the United States to purse degrees in industrial engineering at Purdue University. While he obtained his undergraduate degrees he left Purdue Ph.D. program in Robotics in order to immerse himself in a business with his brother who had come over from India to join him.

Big Plans and Execution

Just as he had learned form his family and his Uncles to plan big so Nitin Khanna and his brother began their own software business. Saber Software grew tremendously from 1999-2009, until he sold Saber Software. DUring Saber Software’s growth he and his brother had developed a prototype and first interations of election software, which later went on to help government official win 21 States in the elections. After seeing the success that arose from their early efforts Nitin Khanna an his brother set their sights higher and executed another set of bold plans to develop software to help the other government agencies needing communication between citizens and their government: child care, child support, DMV systems, retirement systems.

MergerTech

Nitin Khanna and his brother sold Saber Software and Nitin Khanna turned his attention and his proclivity for execution into a new venture. While he began doing some Angel Investing he also became interested in helping young entrepreneurs develop their Mobile Technology Upstarts and this led to his founding Merger Tech, which had its sole purpose of assisting Mobile Technology startups develop into their full potential.

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Marc Beer’s Latest Venture, Renovia Receives Funding

Marc’s Journey

 

Marc Beer is the Chief Executive Officer, Chairman, and Co-founder of the startup known as Renovia Inc. Marc has over 25 years of professional experience in the fields of pharmaceuticals, biotech, health diagnostics, and devices. Marc completed his graduation in business in 1987 from the Miami University. Over the years, he developed excellent business and management skills. He worked with many startups and took them to success as well as working as an advisor.

 

In 2000, Marc founded ViaCell as its CEO. This company focused on biotechnology and used it to develop blood stem cells. Leading the company for 7 years, Marc took ViaCell from zero to a full-fledged commercial organization with the employee tally going beyond 300. In 2007, ViaCell was bought by PerkinElmer.

 

Marc has also served in many other organizations in key positions. He has been a member of the board of directors of a Pharmaceutical company, known as Erytech Pharma. Other biotechnological companies where he has worked include Good Start Genetics Inc., Genzyme, Abbot Laboratories and Minerva Neurosciences Inc.

 

Marc Beer and Renovia

 

His most recent venture is Renovia, a biotech company that focuses on women’s health, started in 2016. Recently, Marc has successfully managed to receive funding in a series B round which amounts to $32 million and $10 million dollars through venture debt. He is aiming to develop products that could help diagnose a pelvic floor disorder. According to estimates, as much as 250 million women might be affected by it which clearly show how much of an impact this product could make.

 

As of April 2018, Renovia got its first product approved which is named as Leva. The funding received by Renovia would help in the development of four more products, while Marc also aims to improve Leva and introduce a newer version of the product. While announcing the funding, Marc appreciated the investors for their financial support and showed his intentions to focus on using technology to solve health-related problems. Learn more: https://www.slideshare.net/MarcBeer

 

Renovia intends to develop products that would treat pelvic floor disorders by making pelvic muscles stronger. It would used approved and tested devices along with data management through apps or other software that could be used by the patients. This would help patients take control of their pelvic health.

 

Marc Beer and Renovia are using technology and innovation to solve health problems. While a large number of women are facing the pelvic floor disorder, a biotechnological startup like this, which makes full use of modern science, could be a lifesaver for so many women out there. Future prospects also look great as Renovia is receiving a good amount of funding and has 4 more products in development. Marc’s vast experience in the field of pharma and biotech could be key here and can make Renovia solve women’s health issues.