siliconindia | | May 202019Flow Cytometry & Cell Sorting Facility, Histology Facility, and Fermentation Facility". In just four years since inception, Bangalore Bioinnovation Centre has achieved 100 percent occupancy across its incubation centres, helped multiple startups in the development of new products or technologies with a huge social impact, and also generated employment for 400+ people. Its current focus is on nurturing 45+ incubated startups such as Innov4Sight, String Bio, OmiX Labs, EduBioSkills, Pandorum Technologies, Next Big Innovation Labs, Biofi Medical Healthcare India, and others, in life sciences space, and successfully be ready with launching 15 new technologies or products into the market. The biggest catalyzing factor behind the creation of such vibrant ecosystem at Bangalore Bioinnovation Centre is its full-fledged Central Instrumentation Facility (CIF) funded by DBT, rated as one of the best facilities in India. It is well-known for its 100+ state-of-the-art analytical and high-end instruments that are operated and supervised by highly qualified scientific professionals. These experts provide scientific & technical services to startups and individual innovators, along with demonstrations, hands-on training sessions, workshops and lectures on handling each instrument. The other important fortes of CIF are its own IP cell to enable startups to create IP framework, file IP and commercialize patients, besides EHS, Agriculture, and Food & Nutrition departments. This way, Bangalore Bioinnovation Centre has been seamlessly addressing the multi-disciplinary research requirements of incubatees in every area of Life Sciences and thus delivering them best-in-class results for their research experiments.FUNDING SERVICESApart from CIF, Bangalore Bioinno-vation Centre holds rich expertise in offering funding, mentorship, events & workshops, branding/network-ing services, and many others to its incubatees. Being a nodal centre for Karnataka Startup Advancement Programme (K-SAP Bio 50), an ini-tiative by Karnataka Innovation and Technology Society (KITS), the cen-tre facilitates SEED funds for startups to develop their ideas, innovations and technologies. Acting as a bridge between promoters' investment and venture investment, this scheme es-calates the startups to a level where they can raise investments directly from VCs or seek loans from banks or financial institutions. Thus, Ban-galore Bioinnovation Centre cre-ates a bio-cluster for startups that is in synergy with ecosystem partners such as other like-minded startups, SMEs, investors, government or-ganizations, policy think tanks and business organizations. Also, being an implementation partner for Idea2PoC, Bangalore Bioinnovation Centre helps innovators and startups who require early-stage funding to commercialize their inventions and validate Proof of Concept (PoC). This initiative is a part of India's first multi-sector Startup Policy launched by Govt. of Karnataka, with a one-time grant limit of up to Rs.50 lakhs. The centre is further associated with Elevate 100, an initiative of Department of IT & BT, which enables startups to tap into a whopping sum of Rs.400 crore of Government's funds to build their companies.Recollecting about Bangalore Bioinnovation Centre's MedTech Centre, Dr. Jitendra asserts, "We take utmost pride in BIRAC selecting Bangalore Bioinnovation Centre for establishing a MedTech Accelerator under its BioNEST program to transform the healthcare industry". Through this partnership, Bangalore Bioinnovation Centre Dr. Jitendra Kumar, Managing Director Dr. Jitendra is a well-experienced biotechnology researcher, mentor and business leader currently focusing on innovations in agriculture, food & nutrition, biofuel/bio-energy and pharma/healthcare at Bangalore Bioinnovation Centre.
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