Incubatees are provided with technical and business mentorship at the LSI Center
The LSI Centre was established within IBAB six months ago, though bioincubation as an activity has been actively pursued by IBAB since its inception in year 2000.
"Though a formal collaboration is not in place, except with DBT, LSI has access to the whole bioinnovation community through Vision Group in Biotechnology (VGB), an advisory body for the State of Karnataka.
Members of this Group are from top notch Biotech companies, academia and other organizations," says Dr Jitendra Kumar, head, Life Sciences Incubation Centre.
Some of LSI's Incubatees have won the most coveted prizes in business plan competitions, for example, Mir Life Sciences won first prize in Live Business Plan Competition at the Bangalore India Bio 2014.
LSI also hosts a start-up club meet held every third-Friday of the month, which is attended not only by the current incubatees, but also by entrepreneurs across the city, faculty, students and prospective entrepreneurs.