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BBC, the soon-to-be launched biotech incubator by the combined efforts of Karnataka Biotechnology and Information Technology Services (KBITS) and Institute of Bioinformatics and Applied Biotechnology (IBAB), will be a hot-bed for nurturing and blossoming biotech start-ups in the country.
Q: Tell us about the BBC's incubation model?
Dr Jitendra: At Bangalore Bioinnovation Centre (BBC), the prospective incubatees are selected through a rigorous process. It is ensured that incubatees who are selected score high on innovation, social impact, team strength, and have a clearly laid out robust business model.
These incubatees are provided with subsidized infrastructure/common equipment facility, focused mentorship, seed fund, access to venture fund, logistics for future growth plans/scale up, branding and networking support.
BBC also plans to engage in building robust pipeline of technology entrepreneurs through different institutional means such as live business plan competition, and forming teams around IP protected technologies which are lying bare on shelves in research institutions.
The centre is promoted by KBITS, which is a nodal centre of department of IT, BT and S&T, govt of Karnataka.