Two Ben­galuru In­cu­ba­tors Among 6 Cho­sen for NITI Aayog Fund­ing

The Economic Times - - Power Of Ideas -

Two in­cu­ba­tors from In­dia’s Sil­i­con Val­ley are among the six cho­sen by the NITI Aayog’s Atal In­no­va­tion Mis­sion for scale-up sup­port fund­ing. The scheme aims to upgrade es­tab­lished in­cu­ba­tion cen­tres to world-class stan­dards.

The NS Ragha­van Cen­tre for En­tre­pre­neur­ial Learn­ing at the In­dian In­sti­tute of Man­age­ment, Ban­ga­lore (IIM-B), and the bioin­cu­ba­tor at the Cen­tre for Cel­lu­lar And Molec­u­lar Plat­forms (C-CAMP) will re­ceive Rs 10 crore each over two years.

Tiruchi­rap­palli Re­gional En­gi­neer­ing Col­lege Sci­ence and Tech­nol­ogy En­trepreneurs Park (TREC STEP), Ninety One Spring­board Group in New Delhi, Am­rita Tech­nol­ogy Busi­ness In­cu­ba­tor in Kol­lam, and Ac­cess Liveli­hoods Con­sult­ing In­dia Ltd in Hy­der­abad are the other in­cu­ba­tors that will re­ceive the fund­ing.

NITI Aayog, the gov­ern­ment’s pol­icy think-tank, re­ceived 232 ap­pli­ca­tions last year for as­sess­ment un­der this scheme. A to­tal of ational, NSRCEL has had 67 in­cu­ba­tees, 19 stu­dent-run ven­tures and 65 star­tups as part of its Launch­pad ini­tia­tive, cre­at­ing close to 5,000 jobs, ac­cord­ing to the IIM-B.

The bioin­cu­ba­tor at C-CAMP is the only life sci­ence/health­care in­cu­ba­tor se­lected by NITI Aayog for fund­ing. Since 2012, it has sup­ported close to 70 star­tups, with 15 res­i­dent star­tups on its cam­pus. “This will take our cur­rent ca­pa­bil­i­ties the next level. There’s also a pos­si­bil­ity of a small seed fund. We will pos­si­bly be able to build more space,” C-CAMP chief op­er­at­ing of­fi­cer Tasli­marif Saiyed said.

C-CAMP, along with the Na­tional Cen­tre for Bi­o­log­i­cal Sci­ences and the In­sti­tute for Stem Cell Bi­ol­ogy and Re­gen­er­a­tive Medicine, forms the Ben­galuru Bio­clus­ter. “Health­care and in­no­va­tion that is in­dige­nous does not hap­pen very of­ten. It’s very ex­cit­ing for us, and C-CAMP is cre­at­ing a favourable ecosys­tem,” NCBS di­rec­tor Satya­jit Mayor said.

—Bharath Joshi & J Vig­nesh

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