• Home
  • Articles
  • COVID-19
  • News
    • Biotech News – Featured
    • Biotech News
    • BioGadgets
  • Interviews
    • Interviews – Academia
    • Interviews – Industry
  • Issues
  • Subscribe
  • Board
  • Advertise
Facebook Twitter Instagram
Trending
  • Concord Biotech: Stock Market’s New Biotech entrant ready with IPO
  • National Research Foundation (NRF): facing support and resistance from scientific communities! Why?
  • Biodiversity- preserve or perish
  • Dr Rajesh Gokhale assumes charge as Secretary of Department of Science and Technology
  • Advancing allergy detection and management in India: A pathway to improved health
  • Gujarat govt signs MOUs with 15 companies for ₹2000 cr in a single day
  • Pune biotech firm announces cheaper drug for colorectal cancer
  • Ambiq Propels Remote Healthcare Monitoring Sector Growth with New Ultra-Low Processors
Biotech Express Magazine
  • Home
  • Articles
  • COVID-19
  • News
    • Biotech News – Featured
    • Biotech News
    • BioGadgets
  • Interviews
    1. Interviews – Academia
    2. Interviews – Industry
    Featured
    January 16, 20211

    Interview – Prof Rajeev K Varshney “The Youngest Indian Scientist (47)” who achieved an h-index of 100 recently

    Recent
    May 22, 2023

    Prof Rajeev Varshney becomes the 4th Indian Agricultural Scientist to be elected as Fellow of the Royal Society

    July 26, 2022

    We are making best hygiene solutions through Biotech applications: Dr Rachna Dave, founder MicroGO

    March 30, 2022

    Interview- Bioenergy: India’s Ministry of New and Renewable Energy started almost four decades ago…but did not catch up…, Professor Ashok Pandey

  • Issues
  • Subscribe
  • Board
  • Advertise
Biotech Express Magazine
You are at:Home»Articles»ASPIRE-BioNEST at UOH: Nurturing Entrepreneurship and Scaling Technologies in Life Sciences

ASPIRE-BioNEST at UOH: Nurturing Entrepreneurship and Scaling Technologies in Life Sciences

0
By Biotech Express on August 12, 2019 Articles, Articles- Guestorials

Quoted “The Hidden Jewel” by Utkarsh Palnitkar, ex KPMG Life Science Specialist, his maiden after a visit to ASPIRE-BioNEST, So impressed with the BioNEST, he agrees with the author who tossed word “Plug-and-Play Life Science Incubator that is Unique and Diverse” that recently inducted into the entrepreneurial nurturing activity of the existing incubators on the campus University of Hyderabad (UoH).

“The Best BioNEST” enthusiastically and passionately commented by Professor Padmanaban, G, an eminent life scientist from Indian Institute of Science and the Senior Advisor, Science and Technology, BIRAC during the inaugural and just after 1st anniversary of BioNEST at UoH, gives a boost to the enthusiasm of nurturing scaling technologies in life sciences in the Hyderabad region.

With over 40-academic units consistently performing to achieve academic excellence for over 40 years, UoH is envisaging on its lateral vision in creating, nurturing, and promoting entrepreneurship culture, thus with the support and encouragement of GOI,lead to initiation of translational research culture aimed largely for the societal benefits torealize in faster time scales.

During November, 2017, the BIRAC (Biotechnology Industry Research Assistance Council), a section-8 not-for-profit company initiative by Department of Biotechnology (DBT) granted UoH to establish Bioincubators Nurturing Entrepreneurship and Scaling Technologies (BioNEST), a flagship project that encourages start-ups developing scaling technologies in life sciences.

UoH together with knowledge-based expertise and its entrepreneurial expertise and BIRAC with its vision and support,co-jointly created BioNEST with a“plug-and-play”ecosystem that facilitates start-up innovators and entrepreneurs in developing and scaling technologies that are commercializble in life sciences domain. Simply put, figure-2 brings BioNEST at UoH into existence with a collaborative effort, with about a size of 20000 sqft size, located on the 3rd floor of the School of Life Sciences, University of Hyderabad.
The University of Hyderabad thus provides a fully furnished physical infrastructure of research laboratories, while the BIRAC gave itemized budget-head grant for equipment, furnishing, renovation with operational expenditure (recurring grant) that sustains for next five years. The culmination of such ideological thoughts of academic excellent of the UoH and the entrepreneurial development of BIRAC made the inception of a BioNEST, the bioincubator in Life Sciences at the UoH made feasible.
Physical Infrastructure @ ASPIRE-BioNEST:

The University of Hyderabad has provided state-of-the-art physical infrastructure of about 20000 SFT, comprising of (a) A 10000SFT divided into 30 labs of 12-each of 250 and 350SFT, and 6 labs of 450SFT denominations (b) A 1000 SFT co-working space for early stage entrepreneurs with ideation stage, (c) another 1000 SFT for common instrument facility, and (d) 1000SFT of common research labs of animal and microbial cell-culture facilities, common wash area for autoclaving, and (e) 1000 SFT of office space, meeting rooms. A widespread 10-feet corridor provides enough flexibility for personnel to move around. All labs are well equipped with lab-benches fully furnished with electrical, water and centralised air conditioning systems. The common instrumentation facility is well equipped with basic infrastructure required in the areas of biology and biotechnology. These range from small instruments like pH meters, weighing balances, shakers, gel-docs etc. to large instruments like HPLCs, laminar flows, microscopes, incubators (CO2 and BoD).

Coinciding with the National Science Day, the BioNEST at the University of Hyderabad facility was inaugurated on February, 28, 2018, and commissioned for conducting full-fledged operations from June, 2018 onwards. The facility is fully equipped with safety measures such as fire-alarm systems and 24/7 monitored central video surveillance system. instrumentation installed at the ASPIRE-BioNEST is freely accessible to the incubatees 24×7. Together with the established ready-to-work infrastructure and with internationally acclaimed knowledge expertise of the faculty, the BioNEST at UoH brings an unparalleled vibrant “plug-and-play” life sciences incubator environment ecosystem for the startups.
The ASPIRE-BioNEST incubation center provides unique ecosystem, in that it is located within the School of Life Sciences which is one of the largest schools with 65 faculty members working in diverse cutting edge areas of biology and biotechnology with more than 300 PG students, 350 PhD scholars and 60+ post docs and state of the art infrastructure in genomics, proteomics, metabolomics, imaging technologies and bioinformatics facilities, which are accessible to the incubatees. Also the incubatees can have access to one of the largest digital libraries in the country, Central Instrumentation Laboratories (CIL), Center for Molecular Simulation and Design (CMSD). Thus the UoH BioNEST incubation center provides ideal environment for the startup companies in life science sectors unparallel to any in the country.

Functional and Incubation Advisory for ASPIRE-BioNEST:

The board-of-advisory that provides direction to the ASPIRE-BioNEST consists of eminent scientists, visionaries and successful businessmen in entrepreneurship. Keeping in mind its genesis, the interest of entrepreneurial vertical of UoH, the advisory board decided that (a) it shouldn’t be following any real-estate incubator model, and (b) it should be knowledge-driven with diversity and uniqueness. The board decided that the vision and mission of ASPIRE-BioNESTat UoHshall beaimed at translating inventive ideas to innovative R&D, technologies, or products with commercializble intellectual properties and platforms in Life Sciences including areas of Agriculture, Biotechnology, Healthcare, Pharmaceutical, Information Technology, and allied areas. The project-appraisal committee (PAC) comprising of key faculty of the School of Life Sciences and external members with proven scientific, business, venture capital, and subject matter eminence,meets periodically to identify, evaluate, and select startups that have synergistic researchinterests aligned withthe vision and mission of ASPIRE-BioNEST.

So far, the advisory governance with the stringent selection criteria imposed, ASPIRE-BioNEST maintains a one-in-three selection ratio for startups for incubation space. The two-step evaluation process brings quality incubatees to the bio-incubator.

Business Models for Self-sustenance of ASPIRE-BioNEST:

BIRAC funds every BioNEST to survive on during funding period, and expects the host organization and the BioNEST to support the idea of nurturing innovations for long even after post-funding scenario. To accomplish this vision, the ASPIRE-BioNEST visions a self-sustenance model of the incubator, and practiced accordingly. The business model of self-sustenance is to create a corpus for the first few years during the funding-period through incubation, CSR, and other methods of revenue generation, and utilize that as the base to self-sustain post-funding scenario.

The ASPIRE-BioNEST offers two models for prospective incubatees, with equity and without equity and accordingly, the license-fee is being charged. The license fee is collected on a monthly basis – which was arrived after brainstorming of members of advisory committee keeping in mind the overall burn rate of the incubation center with no discomfort to the incubatees.

Incubatees with Key face-changing Technologies and MoUs:

At ASPIRE-BioNEST, incubatees conducting cutting edge research range from Agriculture to Pharmaceuticals, are seriously building new technologies/platforms that are scalable, translatable, and commercializble. Within a short period of its existence, the ASPIRE-BioNEST incubation center has incubated following companies focusing on divergent areas of Life Sciences. The entrepreneurs conducting the above research are acclaimed scientists from across the globe with excellent academic and broad therapeutic expertise from industry, as given in the table below.

# Name of the Company SQFT # Emp Thrust/Focus Research Area
1 Albus Eco Projects Pvt. Ltd. 350 2 Industrial Biocatalysts
2 Avyantra Health Tech. Pvt. Ltd. BS 2 Healthcare
3 Reagene Biosciences Pvt. Ltd. 250 4 Alternatives to In vivo
4 Vectrogen Biologics Pvt. Ltd. 250 4 Cosmetics and Neutraceuticals
5 SriBio Aesthetics Pvt. Ltd. 350 4 Nanomicrobiome based works
6 OncoSeek Pvt. Ltd. 250 3 Oncology and diagnostics
7 Therazymes Pvt. Ltd. 700 4 Industrial Bio enzymes
8 Sasyaved LLC. 250 2 Hydroponics
9 Srilatha Bio Pvt. Ltd. 250 3 Healthcare
10 Algen Bio Pvt. Ltd. 250 2 Industrial production of metabolites
11 Novick Bio Pvt. Ltd. 350 2 Drug Discovery in Oncology
12 ACGE India Pvt. Ltd 350 2 IVF technologies in animal biology
13 Terra Scientific Pvt. Ltd. 700 4 Metabolites, Enzyme Catalysts
14 VINS BioPharma Pvt. Ltd. 350 2 Snake Venom
15 Panaceja Biopharma Pvt. Ltd. BS 1 Plant-based biotechnology
16 PhoSynFuels LLC BS 1 BioOils and BioFuels
17 Innovaccel Pvt. Ltd. 450 2 Healthcare and R&D

ASPIRE-BioNEST made several MoUs with organizations which not only interacts with the incubatees but also facilitate industry-academia interactions with the faculty in the School of Life Sciences such as Tech-Mahindra, Vajra Soft Inc., Startup Accelerator India, and Bio-RxVenture Advisers. This incubation center conducts conferences and workshops related to business, corporate, entrepreneurship, financial, intellectual, lateral-technical, legal, technical, and allied aspects as part of entrepreneurial development, and also provide Mentors-On-Need to the incubatees in the above areas.

ASPIRE-BioNEST incubation center thus provides an ideal infrastructure and supporting system enabling startup companies to establish and succeed in their ventures. Interested startups may contact all around the year in the office of BioNEST UoH.

 

By Sreedhar R Voleti, CEO, ASPIRE-BioNEST

 

For complete article: Subscribe Here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Biotech Express
  • Website
  • Facebook
  • Twitter
  • LinkedIn

ISSN: 2454-6968 | Biotech Express Magazine publishes articles in the field of biotechnology and allied sciences in a way that have never been presented earlier. It publishes Editorials, Guest Articles, Reports, Interviews, Current News of Govt. Academics and Business, Research Highlights and Notifications of Events, Jobs, Research Proposals in the field of Biotechnology, Biological Sciences, Life Sciences, Microbiology, Biochemistry, Neurosciences, Genetics, Medical Sciences, BioPharma etc.

Related Posts

National Research Foundation (NRF): facing support and resistance from scientific communities! Why?

Biodiversity- preserve or perish

Advancing allergy detection and management in India: A pathway to improved health

Leave A Reply Cancel Reply

Current Issue – July 2023
Upcoming Event

                   VIEW SUBSCRIPTION PLANS

JOBS/NOTIFICATIONS

   

         CLICK HERE FOR RECENT NOTICES

Recent Posts
  • Concord Biotech: Stock Market’s New Biotech entrant ready with IPO July 31, 2023
  • National Research Foundation (NRF): facing support and resistance from scientific communities! Why? July 25, 2023
  • Biodiversity- preserve or perish July 24, 2023
  • Dr Rajesh Gokhale assumes charge as Secretary of Department of Science and Technology July 23, 2023
  • Advancing allergy detection and management in India: A pathway to improved health July 23, 2023
  • Gujarat govt signs MOUs with 15 companies for ₹2000 cr in a single day July 22, 2023
  • Pune biotech firm announces cheaper drug for colorectal cancer July 21, 2023
  • Ambiq Propels Remote Healthcare Monitoring Sector Growth with New Ultra-Low Processors July 20, 2023
  • BMJ Open retracted a diabetes paper because it was funded by tobacco company July 19, 2023
  • Indian scientist made First Marwari horse foal through Embryo transfer technology July 12, 2023
  • Prof Rajeev Varshney becomes the 4th Indian Agricultural Scientist to be elected as Fellow of the Royal Society May 22, 2023
  • FABA holds Conference on Antimicrobial Resistance Stewardship Series May 22, 2023
  • COVID no longer a global health emergency, WHO says May 18, 2023
  • Chemist in India loses seven papers of biology, blames outsourcing of images May 17, 2023
  • Indian Research scholars express frustration over DST’s tweet, plan stir May 16, 2023
  • BioAsia 2023 to be held in February 24-26 in Telangana, India January 10, 2023
  • Praj Industries and ESIIC partner to further bioeconomy in Egypt November 10, 2022
  • Who is The Real Anthony Fauci? A true Doctor, liar, pharma profiteer or a totalitarian? November 1, 2022
  • Guestorial: MALNUTRITION ACCELERATES THE METABOLIC AGE October 31, 2022
  • Event: Australia’s biggest week in biotech kicks off in Perth October 26, 2022
  • $3 trillion growth reported for biotech sector in USA October 25, 2022
  • Event : FABA’s Whale Tank Event – “Venture Capital – Biotech Start-up Connect” September 21, 2022
  • Vaccination, Rising Deaths, And The False Narrative September 20, 2022
  • Guestorial: Genome Mapping Techniques and its Application in Aquaculture September 19, 2022
  • Bombay HC Issues Notice To Bill Gates, Serum Institute, DGCI, Others Over Plea On Alleged ‘Vaccine Death’ September 5, 2022
  • Deaths due Covid-19 vaccines should be compensated by vaccine makers: Expert hope on Kerala HC remark August 21, 2022
  • Maker of Dolo-650, pandemic’s ‘magic pill’, faces income tax searches and PIL petitions August 20, 2022
  • Anthony Fauci, Controversial US Top-doc FINALLY, To Retire By Year-end August 20, 2022
  • SII’s Cervevac: The new DCGI approved vaccine without published clinical trial results August 20, 2022
  • Pitch your Start-up to National/International Venture Capitalists – first ever opportunity provided to Bio-Start-ups by FABA August 19, 2022
Archives
Categories
  • Articles
  • Articles- Editorials
  • Articles- Guestorials
  • BioControversial
  • BioEvents
  • BioGadgets
  • BioPolicies
  • BioResearch – Academic
  • Biotech News
  • Biotech News – Featured
  • Contents
  • Interviews
  • Interviews – Academia
  • Interviews – Industry
  • SARS- CoV2 & COVID-19 Updates
  • startups
About Us

Biotech Express Magazine publishes articles in the field of biotechnology and allied sciences in a way that have never been presented earlier. It publishes Editorials, Guest Articles, Reports,  Interviews, Current News of Govt. Academics and Business, Research Highlights and Notifications of Events, Jobs, Research Proposals in the field of Biotechnology and allied sciences like Biological Sciences, Life Sciences, Microbiology, Biochemistry, Neurology, Genetics, Medical Sciences, BioPharma etc.

Call us: _91-9311986177

Email – biotechexpressindia@gmail.com

About Us

About Biotech Express

Advisory and Editorial Board

Contact Us

Policy and Guidelines

Submission policies

Peer review policy    

Copyright policy

 

Follow Us
  • Facebook
  • Twitter
We use cookies to help provide and enhance our service and tailor content and ads. By continuing you agree to the use of cookies. Copyright © 2013-2020 Biotech Express except certain content provided by third parties.

Type above and press Enter to search. Press Esc to cancel.