In 2004, IBAB received a prestigious grant from the Wadhwani Foundation to promote entrepreneurship in biotechnology. Dr. Romesh Wadhwani a serial-entrepreneur in Silicon Valley, set up this foundation to, amongst other things, accelerate entrepreneurship in emerging economies. The other institutions to win this grant at that time were BITS-Pilani, IIM-Ahmedabad, IIT-Bombay and the S P Jain Institute of Management and Research.

The first five recipients of the grant are the founder members of the National Entrepreneur Network (NEN) which has since grown to over 500 institutes.

NEN partners institutions that already have a keen interest in motivating students to take up entrepreneurial ventures in a for-profit or not-for-profit mode. Through intensive faculty development programmes, dedicated consultants and resource bureaus, NEN aids member campuses ramp up their entrepreneurship activities.  This has already led to a large number of companies set up by students and alumni of NEN institutions.

More about NEN and the Wadhwani Foundation