Incubation Cell for startups in Biotech launched by IIT Madras
IIT Madras has inaugurated biotechnology incubator to support four projects of doctoral students from the institution’s biotechnology department. This initiative is supported by the Government of India’s Biotechnology Industry Research Assistance Council.
IIT Madras Incubation Cell has decided to support the researchers on projects with potential but is forced to take down due to the lack of resources. There are many projects in the country which have significant importance in the field of technology which couldn’t see the light of day due to lack of resources to complete the projects. The IIT Madras director Bhaskar Ramamurthi thus has inaugurated a biotechnology incubator on 11 December which would support four projects of doctoral students form the institution’s biotechnology department.
The initiative is getting supported by the Government of India’s Biotechnology Industry Research Assistance Council, which is helping the startups and small and medium enterprises to develop products which could be made commercially viable in the future and could help the masses through its widespread effect. One such project which stopped due to the lack of resources were the research work of G Puroshothaman and Kiran Kumar who were working on technology to change the way doctors test patients for infectious diseases.
In order to develop low cost biofertilizers, the bio incubator is supporting projects like Fib-sol Life Technologies. It is helping Vital Bioscientific Solutions as well which is working on a model which would simulate a system’s reaction to a drug. It is also helping Yaathum Biotech, which is responsible in development of kits which would identify a full range of drug-resistant tuberculosis strains with a single test in human body.