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.
Cellworks Group Inc.
is another company to have availed of IBAB’s incubation facilities. Using a computational platform, the company develops and provides technology based solutions to enable drug discovery research and development (R&D).
, also incubated at IBAB, and was the first fully-dedicated biotechnology KPO in the country before being acquired by Lonza.
is the R&D wing of Novozymes, the world’s largest producer of industrial enzymes. Novozymes R&D availed of incubation space at IBAB until its own large facility became operational.
We are also proud that some of our alumni have gone on to become entrepreneurs. Savitha Ananth has started her own company, Genbios
. Some of the services provided by Genbios include customized database design, literature curation, gene identification and analysis.
Other companies started by IBAB alumni include Monisha Hajra’s Scientiabio and Jagat Bhatti’s Osiantech.