Description/achievement of initiative
The objectives of this partnership are: 1. By developing a product that promotes circular economy, Tongadive aims to reduce wastage through efficient and transparent supply chains, reuse, recycle 2. Tongadive strives for a uniform, fair and simple regulatory framework for supply chain in healthcare industry by developing a product that meets these requirements 3. Tongadive is committed to combat counterfeiting and illicit trade in medicines and healthcare supplies protecting population 4. Through its partnership with Pumpkin Seeds, a UK based charity on girl child education, Tongadive is committed to drive equality in the society by promoting girl child education
Tongadive implements the initiative targeting the sustainable development goals it has taken. 1. Product Development: Tongadive's project focuses on the application of new technologies (blockchain, AI) to solve existing problems and address gaps in healthcare supply chain. Once fully developed, this product could be a major disruptor in global supply chains across multiple industries. a. . First of its kind, robust software combining the power of Corda blockchain and Artificial Intelligence (AI) powered Analytics Engine to provide end to end visibility on product stocks. This will provide regulatory conformance, demand planning and forecasting, product recall/ returns management and end consumer visibility on origin through a single product, single data source concept.b. Promote green, clean, sustainable supply chain in post-Covid 'new normal' through a product that enables circular economy while saving costs - product recall management, returns tracking, redirection of consignments from areas of abundance to areas of scarcity\r\nc. Provide SME manufacturers in healthcare industry a quality product at compelling price point that is not available in the market today d. Open up product to be explored for use cases outside healthcare industry where similar end to end visibility and provenance of origin are likely to become the new norm 2. Regulatory Conformance: Tongadive's product focuses on harmonizing the regulatory framework evolving in different countries to ensure visibility and prevent counterfeiting in healthcare products. Tongadive has developed a unique algorithm and integrated it with Blockchain and AI driven analytics engine to build a secure supply chain that also adheres to various regulatory environments. Pumpkin Seeds - As co-founder trustee of Pumpkin Seeds, Tongadive Founder and CEO is directly driving and monitoring activities of Pumpkin Seeds towards providing access to opportunities for the girl child through quality education. Pumpkin Seeds has recently launched Setu (meaning Bridge), a bridge education program in Bangalore, India to help underprivileged children get access to bridge education to enable access to schools.
Arrangements for Capacity-Building and Technology Transfer
Tongadive's arrangements for capacity building include the following: 1. Develop a scalable blockchain product that provides real time analytics, giving Tongadive a distinct differentiation and a compelling proposition in the market. 2. Rapidly developing a team which has grown from 2 to 14 members in 6 months, enabling Tongadive to develop its core product with acceleration 3. Backed by Innovate UK funding (backed by UK Government) Tongadive is focusing on AI as a core differentiator in the market \r\n\r\n4. Actively adding advisors who are experts in the industry and regulatory bodies to help it scale with the right focus 5. Tongadive has recently won a place in NetApp accelerate program to help build its capacity, reach and go to market 5. Tongadive is actively seeking further equity based investments to accelerate and scale its activities further Tongadive's arrangements for technology transfer include the following:\r\n1. Building a simple, plug and play software product that is easy to deploy and run making technology transfer simple and fast 2. Product roadmap of building a platform to enable small and medium enterprises (SMEs) develop their own blockchain enabled network to manage secure, transparent and immutable supply chains that are sustainable, reuse/ recycle focused and saving costs.
Coordination mechanisms/governance structure
Tongadive has put together a strong governance framework to institutionalize and monitor progress on each of its sustainability objectives.1. Leadership: Tongadive Founder CEO, Anubha Dixit, is also its Chief Sustainability Officer. She has put together Tongadive vision to simplify and democratize data technology in supply chain to enable organisations, big and small, to benefit from progress made in Blockchain, Machine Learning (ML), Cloud Computing and IoT. The key pillars of this vision are: a. Promote circular economy to reduce waste b. Provide end to end visibility to eliminate counterfeit and fraud c. Develop into a socially responsible corporate citizen built on equality, stewardship and respect for individual
Being a woman entrepreneur in technology, Anubha is a flag bearer for equality and inclusion. Her personal story of working against the odds to build a technology products company of her own further strenghtens Tongadive resolve to meet its sustainability objectives 2. Advisory Board: Sustainability is a key topic on the agenda of Tongadive's Advisory Board which is made op of senior industry veterans from across Pharmaceuticals, Healthcare, Regulatory and Consulting backgrounds. The Advisory Board tracks circular economy impact that the product makes as well as the evolving supply chain regulatory framework across various countries. The Advisory Board is committed to making Tongadive's sustainability impact as its unique selling proposition 3. Innovate UK Sustainability Funding: In October 2020, backed by its vision to develop a sustainable product for healthcare industry, Tongadive won the UK Government backed Innovate UK funding for further development of its program. Along with the funding, Tongadive has also received coaching and monitoring of the sustainability objectives of its core supply chain product. 4. Pumpkin Seeds Partnership: From its inception, Tongadive has partnered with Pumpkin Seeds, a UK based charity focused on girl child education. Thorough this association, Tongadive monitors and governs its equality and inclusion sustainability initiatives. Anubha is also a co-founder trustee of Pumpkin Seeds. Once Tongadive starts its commercial activities, it will commit x% of its net profit to the promotion of Pumpkin Seeds and its sustainability goal.