Ven­ture Cen­tre, Pune

BioSpectrum (India) - - COVER STORY -

Ven­ture Cen­tre is In­dia’s largest in­ven­tive en­ter­prises and sci­en­tific busi­ness in­cu­ba­tor. Since Jan­uary 2012, Ven­ture Cen­tre is host to a BIRAC-sup­ported BioIn­cu­ba­tor that sup­ports start-ups work­ing in the ar­eas of biotech­nol­ogy (bio­pharma, agro­biotech, in­dus­trial biotech, clean tech­nol­ogy), biomed­i­cal en­gi­neer­ing/ de­vices/ di­ag­nos­tics, biomass value ad­di­tion/ re­new­able fu­els/ chem­i­cals/ ma­te­ri­als, bioin­for­mat­ics, bio/med­i­cal ser­vices and re­lated dis­ci­plines. With the launch of Phase 2 of the BioIn­cu­ba­tor in May 2017, Ven­ture Cen­tre has a ded­i­cated bioin­cu­ba­tion space of over 10,000 sq ft. The Bioin­cu­ba­tor is cur­rently home to more than 40 res­i­dent bioin­cu­ba­tees, mak­ing it In­dia’s largest bioin­cu­ba­tor in terms of res­i­dent in­cu­ba­tees.

Key Fea­tures: Ven­ture Cen­tre’s BioIn­cu­ba­tor has played a cru­cial role in sup­port­ing biotech en­trepreneurs by pro­vid­ing lab space, cen­tral­ized high end in­stru­ment fa­cil­i­ties, and a rich bioin­no­va­tion ecosys­tem that of­fers men­tor­ing sup­port, in­tel­lec­tual prop­erty ser­vices, net­work­ing op­por­tu­ni­ties, and much more. The lat­est ad­di­tion to the bioin­no­va­tion ecosys­tem is the BIRAC Re­gional Bioin­no­va­tion Cen­tre (BRBC). This joint ini­tia­tive be­tween Ven­ture Cen­ter and BIRAC has been set up with the ob­jec­tive of strength­en­ing and cre­at­ing net­works, ser­vices, in­for­ma­tion and re­sources to sup­port and pro­mote life sciences and med­i­cal tech­nol­ogy start-ups across the coun­try. Un­der the BRBC, the Ven­ture Cen­tre shall be mak­ing avail­able to star­tups an ac­tively cu­rated men­tor­ing net­work, base camps on spe­cific themes of rel­e­vance to star­tups, a reg­u­la­tory in­for­ma­tion and fa­cil­i­ta­tion ser­vice (RIFC) and a bioin­cu­ba­tion prac­tice school for other in­cu­ba­tor man­agers. The Bioin­cu­ba­tor at Ven­ture Cen­tre spe­cialises in the cre­ation and de­vel­op­ment of life sci­ence busi­nesses, and sup­ports the start-ups in many ways:

● The in­fras­truc­tural re­sources in­clude ded­i­cated and shared of­fice spa­ces and ex­pand­able spa­ces and/or labs

(wet or dry). In­cu­ba­tees also have ac­cess to both gen­eral lab equip­ment and high-end an­a­lyt­i­cal and mi­croscopy fa­cil­i­ties. Star­tups at the BioIn­cu­ba­tor also ben­e­fit from the many pro­to­typ­ing equip­ment housed in the Tin­ker­ing Lab or DSTSup­ported Prayashala.

● A ded­i­cated team of­fers men­tor­ing sup­port to star­tups on var­i­ous top­ics: busi­ness model, value propo­si­tions, in­tel­lec­tual prop­erty, com­pany struc­ture, fund rais­ing, tech­nol­ogy sourc­ing, etc. The BioIn­cu­ba­tor also or­ga­nizes men­tor­ing clin­ics pe­ri­od­i­cally wherein in­cu­ba­tees have the chance for a one-on-one in­ter­ac­tion with lead­ing men­tors in the coun­try.

● The In­tel­lec­tual Prop­erty fa­cil­i­ta­tion cen­tre pro­vides the life­science en­trepreneurs and start-ups with se­lected IP re­lated ser­vices.

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