Current Science

Open Access Open Access  Restricted Access Subscription Access

The Bio-Incubation Boom in India


Affiliations
1 Biotechnology Industry Research Assistance Council, 9, CGO Complex, Lodhi Road, New Delhi - 110 003, India
2 Institute of Bioinformatics and Applied Biotechnology, Biotech Park, Electronics City Phase 1, Bengaluru - 560 100, India
 

There are already 30 biotech or medtech incubators that have incubated 397 companies (listed). Another 50 are planned. Most are under 10 years old, located in three southern cities and funded by the Government of India. Some have outstanding instrument facilities, others access to a large number of students. Over half can host foreign companies. Rentals and grants are their largest sources of funds; sustainable funding is their biggest challenge. At least one start-up per incubator has achieved Rs 1 crore in annual turnover. We outline an assessment framework for the incubators which form a crucial part of the rapidly evolving entrepreneurship landscape.

Keywords

BIRAC, Entrepreneurship, Incubation, Start-Ups, Tech-Transfer.
User
Notifications
Font Size

  • Al-Mubaraki, H. M. and Busler, M., The effect of business incubation in developing countries. Eur. J. Business Innovat. Res., 2013, 1, 19–25.

  • Grens, K., Incubator boom. The Scientist, 1 March 2014.

  • Anony., Action Plan. Department of Industrial Policy and Promotion, Government of India, 2016; http://startupindia.gov.in/actionplan.php.

  • Saberwal, G., India’s intellectual property-based biomedical startups. Curr. Sci., 2016, 110, 167–171.


Abstract Views: 327

PDF Views: 121




  • The Bio-Incubation Boom in India

Abstract Views: 327  |  PDF Views: 121

Authors

Satya Prakash Dash
Biotechnology Industry Research Assistance Council, 9, CGO Complex, Lodhi Road, New Delhi - 110 003, India
Gayatri Saberwal
Institute of Bioinformatics and Applied Biotechnology, Biotech Park, Electronics City Phase 1, Bengaluru - 560 100, India

Abstract


There are already 30 biotech or medtech incubators that have incubated 397 companies (listed). Another 50 are planned. Most are under 10 years old, located in three southern cities and funded by the Government of India. Some have outstanding instrument facilities, others access to a large number of students. Over half can host foreign companies. Rentals and grants are their largest sources of funds; sustainable funding is their biggest challenge. At least one start-up per incubator has achieved Rs 1 crore in annual turnover. We outline an assessment framework for the incubators which form a crucial part of the rapidly evolving entrepreneurship landscape.

Keywords


BIRAC, Entrepreneurship, Incubation, Start-Ups, Tech-Transfer.

References





DOI: https://doi.org/10.18520/cs%2Fv115%2Fi2%2F228-233