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Govt must establish more incubation facilities to help start-ups by aligning with researchers: Prof Padbhanabhan
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A Raju, Hyderabad
March 07 , 2018
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Stressing on the importance of establishing more incubator facilities
that help researchers to align with start-ups to scale up their
innovative ideas, Prof. G Padmanabhan, former director of Indian
Institute of Science (IISc), Bengaluru said that it is time the
government institutions take a lead in establishing more and more
incubation centres to enable the researchers to scale up their ideas to
align with the start ups to bring in new innovations that help to solve
various problems in the society.
While taking part in the
inauguration of BioNEST facility at the School of Life Sciences at the
University of Hyderabad, Prof Padmanabhan said, “Incubators are required
in all government institutions for start-ups to commence their work. I
have gone through 5000 research proposals and out of that 700 are
operational in 500 industries. They have developed 100 products out of
which 50 have been commercialised.”
Highlighting that there is
immense scope for research, the former director called upon the
government institutions which are having more than 1,000 laboratories
across the country to establish more incubator facilities that can have
start-ups capable of aligning with the research happening within their
own institutions.
Stressing on encouraging more women
entrepreneurs, the director said women researchers need to take up
start-ups and work towards entrepreneurship.
The newly
established bio incubator named as BioNEST is spread over an area of
20,000 square feet in the built-up area. In fact the bio incubator is
perhaps the biggest of its kind in India. This facility is supported by
Biotechnology Industry Research Assistance Council (BIRAC), a unit of
Department of Biotechnology, Ministry of Sciences and Technology.
Impressed
by the new facility, Prof E Premkumar Reddy, Director of Experimental
Cancer Therapeutics, Mount Sinai School of Medicine, New York expressed
happiness for associating with it as a mentor for this facility and he
also expressed confidence that it will be one of the best in the
country.
Professor Appa Rao Podile, Vice Chancellor, University
of Hyderabad said that establishing this kind of a facility is like a
dream come true for the School of Life Sciences in the university.
Prof
P. Reddanna, faculty in the Department of Plant Sciences who is the
principal investigator of BioNest said that this new facility will
accommodate nearly 30 start-ups and provide 16 benches for research. At
present, University of Hyderabad is having 350 Ph.D scholars, faculties
in the School of Life Sciences, who can help in collaborations and
consultations with the start-ups and enable the innovate ideas take up
their commercial shape.
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