BioNEST opens today
Nation’s biggest bio-incubator facility will be inaugurated at the University of Hyderabad (UoH) on Wednesday, marking the National Science Day.
Hyderabad: Nation’s biggest bio-incubator facility will be inaugurated at the University of Hyderabad (UoH) on Wednesday, marking the National Science Day.
Named as ‘Bio-incubator Nurturing Entrepreneurship for Scaling Technologies’ (BioNEST) and supported by the Biotechnology Industry Research Assistance Council (BIRAC), a unit of the Department of Biotechnology (DBT), Ministry of Science and Technology, New Delhi, the incubator facility will be inaugurated at the School of Life Sciences with about 20,000 plus square feet built-up area.
Prof G Padmanaban, Eminent Bio-Scientist and former Director of the Indian Institute of Science, Bangalore, will be inaugurating the facility as Chief Guest in presence of UoH Vice Chancellor Prof Appa Rao Podile. Prof E Premkumar Reddy, Director of Experimental Cancer Therapeutics, Mount Sinai School of Medicine, New York, is participating as the guest of honor.
Located in the natural green serene environment and central to the Knowledge Hub, the incubation centre will focus on new and emerging technologies requiring multidisciplinary inputs in the areas of biology & biotechnology and will nurture early-stage start-ups and facilitate the translation of knowledge base into products and process.
The facility is expected to bring together the high-quality researchers in the university and budding entrepreneurs either from the university or from outside to catalyse scientific enterprises that would focus on life sciences, biotechnology, healthcare and allied areas. The prospective entrepreneur will enjoy accessing the general facilities and instrument of the incubator as well as specialty instruments and facilities of the School of Life Sciences and UoH.
UoH has already made its entrepreneurship entry through Technology Business Incubator (TBI) funded through the Department of Science and Technology, Technology Incubation and Development of Entrepreneurship Programme (TIDE) funded through the Department of Electronics and Information Technology.
The BioNEST will incubate startups and entrepreneurs in life sciences, biotechnology, healthcare and allied areas of research.
The proposed incubation facility broadly fulfills the UoH’s vision of innovation and entrepreneurship through cutting-edge science and technology that engages students, researchers, and faculty in the region.
The facility will have a profound impact on the innovation and entrepreneurship ecosystem of the region in general and the campus in particular, Appa Rao said.