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Under the Bio - Incubator Support Scheme (BISS), BIRAC has established several new, world-class bio - incubators around the country, including one at IIT- Madras. With the objective of fostering Indian biotech innovation and entrepreneurship, it aims to enhance R&D capabilities of start-ups and SMEs in order to develop globally competitive products.
This bio-incubator will offer lab and office space, high-end equipment, scale-up facilities, technical support and centralized utilities for process development to help technologies mature and attain commercialization. It is offered to researchers with nascent ideas, who want to develop processes and commercialize their product, and also as an R&D base for companies to try new technologies. It is a platform for entrepreneurs to gain technical advice and researchers to realize business opportunities. Moreover, it can also be used to provide training and workshops on need basis to develop skills. By enabling such cohesion between industry and academia, it creates a nurturing environment for innovation and enables business-driven research, thus encouraging commercialization of promising discoveries.
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