BioNEST was launched by BIRAC with a vision that focused on fostering the biotech innovation ecosystem in the country. Unlike start ups in the IT sector, enterprising ideas in the biotech sector need incubation support of a different kind where they need a landing space to test their ideas, run their operations, have access to high end instrumentations and locate in a place where they connect with other start ups and mentors. BioNEST program provides support to establish bio-incubators either as a standalone entity or as a part of the academia. Through BioNEST, BIRAC has supported 30 bio-incubators creating a cumulative area of 3,00,000 sq. ft. for budding entrepreneurs.
BIRAC under BioNEST scheme:
- Provides incubation space to Start-ups and Entrepreneurs.
- Connects industry and academia and enable interactions for efficient exchange of knowledge as well as facilitate technical and business mentorship.
- Provides enabling services and required mentorship for IP and Technology management, Legal and Contract, Resource mobilization and Networking platform.
- Establishes an efficient governance model.