BioNEST scheme – A boon for Bio-entrepreneurs

 Today, the world is changing at a very fast pace. Innovation & Technology is key. Biology stream is also now witnessing a new kind of improved technology & innovation. Globalization of improved products, services & technology has created a substantial rise in the Bio-economy of the country.

Nowadays, Biotech and Healthcare based startups are enjoying full support from the Government and private sectors, as both these sectors are capable of providing innovative solutions to the global health issues.

Bio-entrepreneurship is now, also considered as a good career opportunity because of improved Incubation support from the government. Biotechnology Incubation is different from the other incubation as biotechnology-based startups require a large space for wet laboratory along with excellent instrumentation facilities to conduct the experiments.


Biotechnology Industry Research Assistance Council (BIRAC), is a not-for-profit state-owned enterprise under the Department of Biotechnology (DBT), Government of India to strategically empower emerging biotech companies.

BIRAC has launched a special scheme, BioNEST (Bioincubators Nurturing Entrepreneurship for Scaling Technologies) to provide Incubation support to the Biotech / Life science-based startups. Incubation support is a must for any Bio-entrepreneur as they need laboratory infrastructure, mentoring support and high tech instrumentation facility to convert their ideas into a prototype. Bio-entrepreneurs are generally young innovators who do not have sufficient funding in the initial days to set up a high tech laboratory or instrumentation facility. Thus, this whole kind of support is provided by special and uniquely designed technology incubator, which is known as Bio-incubator. BioNEST scheme has given the liberty to the leading research institution to develop such infrastructure, which can convert research & innovative ideas into viable commercial entities.

BioNEST scheme is launched by BIRAC with a vision of fostering the biotech innovation ecosystem in the country. BioNEST scheme provides support to establish Bio-Incubators either as a standalone entity or as a part of the academia. Through BioNEST, BIRAC has supported about 50 bio-incubators.

BioNEST scheme came as a boon for high-risk areas related to healthcare, where just a bench space is not enough and innovator need all kind of support. For Biotech startups, the innovator needs good instrumentation facility and technical support. In addition, they also need mentoring from expert scientists and business mentors to succeed.

 

Top Bio-Incubators are located in Biotech Science Clusters (BSCs), which provide unique Bio-Incubation support to Biotech startups. Some Bio-incubators also provide manufacturing facilities to support the growth of very young Biotech startups. Bio-Incubator under BioNEST work as a support system and provide necessary infrastructure and incubation facilities to the selected startups related to Biotechnology and healthcare.

 

BSC BioNEST Bio-Incubator (BBB) is one such Bio-Incubator located in NCR Biotech Science Cluster.

BBB supports young startups by providing globally competitive incubation services. Emerging companies have professional and technical assistance, shared space, mentors’ supervision and other additional services to get on a fast track to success. BBB stands firmly with its mission to stimulate the establishment and growth of biotech startup companies and hence enhances the economic wealth of the region by promoting scientific enterprise development.

BBB provides excellent incubation facilities & infrastructure spread across 35000 sq.ft. covered area. Innovators have a variety of options and facilities under a single roof. It includes Office Space, Culture Facility, Lab Space, Professional Business Suites, Meeting rooms, Seminar rooms, Video conferencing facility as well as Instrumentation Facility.

BBB also provides shared wet lab benches for young startups as well as independent lab cubicles for an innovator/ startups that need bigger lab spaces. The best thing about BBB is its unique infrastructure which is dedicated towards healthcare based startup and flexibility in options to choose from shared or independent wet labs with a seating capacity of 3, 4, 8 and 12 respectively which outline other Bio-Incubators. The facility is available to the biotech startups at a very affordable cost.

 

BBB provides all kind of critical services to the startups which are required to move them on the fast track to success. The infrastructure is designed in such a way that it meets future Biotech innovation challenge and provide globally competitive incubation facility and support.

Incubation support of BBB is first of its kind incubation in Delhi-NCR focusing on innovations in Biotechnology related areas.

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