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Bio-science incubator to be launched in Bangalore soon

Feb 17, 2014 09:50 AM IST India India

Bangalore: In heartening news for science researchers, an exclusive bio-science incubator is all set to be launched in Bangalore. It is a high-end expensive equipment, but needed for a capital intensive sector like research in biotechnology, be it making medicines, medical equipment or new techniques for agriculture.

The bio-science lab run by the Karnataka government will open in a few months, giving 400-plus start-ups the chance to use this equipment for a nominal fee.

"The government decided to invest in high-end equipments and instrumental facilities wherein the youngsters who start an idea in biotechnology can come here and test out their ideas. The intention is to take them from ideas to products, provide mentors, network and funds, which will help them succeed," said Karnataka IT and Biotechnology Secretary Srivatsa Krishna.

What often holds back budding entrepreneurs is that the equipment needed for research is expensive. But with an incubator like this that provides both the facility and some guidance from veterans, young guns like Sachin Dubey are eager to pan out more research areas.
"These start ups are like babies and the incubators work as a parent holding their hands and taking them to the next level," Dubey said.

"As a young start-up, you need hundreds of things, not just space, you need funding advice, branding, support from different agents, specially branding big when we develop it," said Manjiri Bakra of OncoStem Diagnostics.

In a city known as the biotechnology capital of the country, the bio-science incubator in Bangalore will act as a support system to biotech start ups and help them reach out to markets.