01. Why SRISTI Innovations-BIRAC’s BioNESThas been setup?
SRISTI Innovations-BIRAC’s BioNEST is a business incubator, an entity funded by BIRAC (Biotechnology Industry Research Assistance Council, Department of Biotechnology, Govt. Of India), where innovations based on ‘out-of-the-box’ thinking, traditional knowledge, innovations at the grassroots level, innovations by university students and even children are supported for successful product development and commercialization. We support innovations from both formal and informal sectors. The incubator caters to sectors like biotechnology, biological sciences, environmental sciences, food technology, medical science and technology, nanotechnology, pharmacy, rural development and allied areas.The bioincubator will promote technology and innovation driven start-ups and follow a virtual incubation model providing in situ and ex situ incubation. In situ incubation will be for grassroots innovators providing them support at their existing locations. Mentorship on diverse needs of the incubatees, like business planning, mapping skill and technology gaps, fabrication, IPR etc. will be provided.
02. What are the activity domains of SRISTI Innovations-BIRAC’s Bio-NEST?
We support incubatees whose ideas or products fall under areas like Agriculture, Biotechnology, Food technology, Microbiology, Molecular biology, Veterinary sciences, Bio-medical science, nanotechnology, Environmental science and allied subjects. The web link: http://www.sristi.org/bionest/has more details.
03. What are the services SRISTI Innovations-BIRAC’s Bio-NEST can provide?
We provide the incubatees with mentoring, business networking, office space, lab facility etc as per the business/ project requirements. Our centre is specialized in giving multi-dimensional support to the incubatees. We help our incubatees in setting up their businesses by:
Identification of correct product / process
Product/ Process development
Manufacturing plant designing andappropriate machinery selection
Vendor network development
Also, we help in plant site selection, installation of machinery, technology transfer and training.
We help current businesspersons in making their products more competitive,while considering items like quality, pricing, process modification, waste reduction and value addition.
04. What is the “Service Package” provided to incubatee?
Service package depends on the requirements of the incubatees and their business plan. SRISTI Innovations BIRAC’S BioNEST provides customised service package to the incubatees after considering all aspects of the entrepreneur. Our experts will help the incubatees in idea refinement for product/ process selection, product development, plant set up, market research, networking with quality testing labs etc. We provide the incubatees with physical office space, cafeteria and conferencing facility, business networking, shared resources, technical support at nominal costs.
05. Who can apply to be an incubatee?
Grassroots innovators with brilliant ideas/products, Business personswho have already established their business but require assistance for legal compliance/ quality control/business development, students/persons who have innovative, ‘out of the box’ project ideas but require assistance to start their business, business persons who require a platform for networking and need specialized mentoring,can apply to become an incubatee.
06. How is an incubatee inducted?
Incubatee selection process varies depending upontheir business model, mission, vision, future plan and social impact of their businesses.Our expert review committee evaluates the incubatee’s idea/product/ process and then takes its decision. The selection process is always incubatee friendly.
07. Time period for which an incubatee can be assisted?
The incubatee will be assisted for one year from the date of the signing of the MoU between Innovations BIRAC’s BioNEST and the entrepreneur/ innovator. However, the agreement can be extended on mutually agreed terms and conditions.
08. Where is SRISTI-BIRAC’s Bio-NEST located?
Currently, SRISTI Innovations BIRAC’s BioNEST is located in Gujarat University AES Boys hostel campus, near university library, Navrangpura, Ahmedabad – 380009, Gujarat, India.
09. Who should be contacted to become an incubatee?
You can use the following contact details to take your first step in becoming our business incubatee.