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Context

• Recently, Union Minister Dr Jitendra Singh inaugurated CSIR-IIIM’s BioNEST-Bioincubator in Jammu.

BioNEST bioincubators

• Bio-NEST was launched by Biotechnology Industry Research Assistance Council (BIRAC) to foster the biotech innovation ecosystem in the country.
• BioNEST bioincubators are mandated to provide incubation space to entrepreneurs and Startups along with shared access to high end infrastructure, specialized and advanced equipment, business mentorship, IP, legal and regulatory guidance, and networking opportunities.

Need

• Unlike Start-ups in the IT sector, enterprising ideas in the biotech sector need incubation support of a different kind where they need a landing space to test their ideas, run their operations, have access to high end instrumentations and locate in a place where they connect with other start-ups and mentors.
• Bio-NEST program provides support to establish bio-incubators either as a standalone entity or as a part of academia.

About BIRAC

• A non-for-profit Public Sector Enterprise, Biotechnology Industry Research Assistance Council (BIRAC), has been set up by the Department of Biotechnology (DBT)
• It acts as an interface agency to enhance and encourage the evolving biotechnology industry to implement strategic research and development activities in regards to the product development needs of the Nation.

https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1819293

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