‘Lack of role models affecting Indian entrepreneurship scene’

Dr Jitendra Kumar is the head of Life Science Incubator, Biotech Park, Bangalore, which is currently running its operations from the Institute of Bioinformatics and Applied Biotechnology (IBAB).


Dr Jitendra Kumar, head, Life Sciences Incubation Center, Biotech Park

In his exclusive interview with BioSpectrum's Raj Gunashekar, he shares that incubation centres like IBAB's Life Sciences Incubation Centre can position itself as ideal nucleation hub for life sciences innovation.

According to Dr Kumar, BIRAC's schemes like BIG and BISS have revived the biotech entrepreneurial scene in India. He observes that low-risk appetite and lack of role models, and adverse social milieu are major contributing factors among Indian students who hesitate entering the unlimited world of entrepreneurship. Excerpts:

Q: What strategies are you implementing to attract the industry to take advantage of the talent pool that you produce? How do you bridge the gap between industry and academia?
Dr Jitendra Kumar: We are forging links with Industry to provide mentorship and funding to promising start-ups at IBAB.

Students are encouraged to attend Biotech Finishing School (BTFS) to either make them ready for industry absorption or to create entrepreneurs, and link them with industry to provide an appropriate exit for them.

We intend to build teams around promising live technologies, and induce them to crystallize into ventures in an academic setting or through a live business plan competition.


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