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University of Hyderabad life sciences incubator ranked 6th in India
Hyderabad: ASPIRE-BioNEST of University of Hyderabad (UoH) was placed at 6th position among the life sciences incubators in the country in a survey...
Hyderabad: ASPIRE-BioNEST of University of Hyderabad (UoH) was placed at 6th position among the life sciences incubators in the country in a survey conducted by BioSpectrum India, a leading B2B media platform in Life Sciences.
The survey focused on BioIncubators (both private and public) spread across India based on their achievements in the past financial year. Four parameters - No. of incubatees, Funds raised, Space available, MoUs signed by BioIncubator with other agencies to attract enterprises/ entrepreneurs were considered for these rankings.
ASPIRE-BioNEST located in the School of Life Sciences of the University of Hyderabad is a 20,000 sft facility dedicated deep science incubation space. This facility was inaugurated on February 26,2018 and presently has 21 incubates in diverse areas of life sciences such as Agri Biotech, Biologics, Healthcare, Pharmaceuticals, and Information Technology for Life Sciences.
It is credible that ASPIRE-BioNEST incubator of UoH supported by BIRAC of Department of Biotechnology that was barely started two years ago secured 6th position among the life science incubators in India. This was made possible by the proactive measures taken by the university in creating and nurturing innovation ecosystem on the campus and the dedicated team of ASPIRE-BioNEST.
Expressing his happiness, Prof. Appa Rao Podile, Vice Chancellor, UoH said that it was a matter of pride to figure in the top 10 of the Life Sciences incubators in the country, but we should not rest on these laurels' and strive to scale higher. He said UoH is a late starter in incubation activity but in catching up with others very quickly.
The UoH provides an unparalleled ambience and ecosystem for start-ups to flourish on campus, with one of the largest and best life science schools in the country with over 60 faculty members, 60 postdocs, 350 PhD scholars and another 300 PG students in the back drop.
He added that the University has two more incubators viz. Technology Business Incubator (TBI) focused on chemicals, materials, energy etc. (supported by DST) and Technology Incubation and Development of Entrepreneurs (TIDE) focused on electronics and IT and ITeS (supported by MEITy). Together, these incubators create an excellent entrepreneurial eco-system on the campus. He mentioned that UoH is planning many more initiatives to create a vibrant entrepreneurial ecosystem on the campus.
