Business incubation is a critical and dynamic process of enterprise development. It nurtures young firms, helping them survive and grow during the startup period when they are most vulnerable. The bioinformatics and biotechnology industries are still fledgling in India, and young companies in this sector benefit tremendously from the expertise they can access through the incubation process. This is precisely why IBAB has taken the initiative to incubate several companies.
The first company to be incubated by IBAB was Microtest Innovations. Headed by Dr. N. Jayasuryan, the company strives to innovate and invent appropriate and affordable diagnostics for existing and emerging health problems through indigenous effort.