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The high-powered jury initially shortlisted biotech startup String Bio along with Info Edge Ventures-backed Brainsight AI, which is building an advanced software system that can create a map of the human brain, tracking signals exchanged between different parts of the brain.

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.