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New Delhi, Dec 20 (India Science Wire): Seventeen startups and five student innovators have been declared winners in this year’s National Bio Entrepreneurship Competition (NBEC). Now in its 5 th year, the competition is an annual showcase of promising business ideas with commercial, innovation, and impact potentials in the life sciences and biotech domain.

NBEC is organized by the Government of India’s Department of Biotechnology’s
Biotechnology Industry Research Assistance Council (BIRAC) and Centre for Cellular and Molecular Platforms (C-CAMP) to identify and nurture game-changing deep science ideas with business potential. It receives support from national and international partners with some of the biggest names in the biotech industry in India coming on board. This year, 34 of such enterprises supported it.

The winning startups stand to receive a cumulative sum of Rs. 8.6 crore in cash prizes and investment opportunities, while the student-led teams swooped up a sum of Rs. 14.5 lakhs in cash prizes. Additionally, C-CAMP will conduct a one-year Programme for the winners, which will comprise of mentorship including one month of incubation. Among other ecosystem support, the competition will provide access to industry mentorship in tie-ups with key industry leaders to all winners.

Forty-six finalist pitches were judged for novelty, scalability, and business potential parameters. These were culled from 322 in a regional qualifying round. The winners join an illustrious cohort of 39 winners since the NBEC launch in 2017. Many of them are already in the market with globally acclaimed and investor-backed healthcare, agriculture, or environmental technologies.

Minister for Higher Education, IT & BT, Sci & Tech, Skill Development, Entrepreneurship & Livelihood, Govt. of Karnataka, Dr. C.N. Ashwathnarayan, in his Keynote address, said "It is heartening and encouraging to see that such a good amount of investment has been made in innovative ideas at NBEC. I convey my best wishes to the winners and going ahead, we will together build more innovations along with C-CAMP.”

Dr. Taslimarif Saiyed, CEO & Director, C-CAMP, Dr Manish Diwan, Head of Strategic Partnerships and Entrepreneurship Development, BIRAC, and Mrs. G.K. Krupalini, General Manager – Biotech Karnataka Innovation & Technology Society, Dept. of Electronics, IT, BT and S&T, Government of Karnataka congratulated the winners and urged them to continue to innovate to reduce the burden of diseases, increase crop yield and contribute to bioeconomy. (India Science Wire)

ISW/SP/DBT/20/12/2021

Credits: India Science Wire

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]]> https://innohealthmagazine.com/2021/others/press-release/17-startups-five-student-innovators-win-bio-entrepreneurship-contest/feed/ 0 12900 Distributed incubation may help promote grassroots innovations https://innohealthmagazine.com/2018/persona/distributed-incubation/ https://innohealthmagazine.com/2018/persona/distributed-incubation/#respond Wed, 10 Oct 2018 07:33:39 +0000 https://ztt.nrm.mybluehostin.me/innohealthmagazine?p=4631 The idea is to develop some kind of distributed incubation and to nurture ventures in their respective regions, in the spirit of in-situ incubation

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]]> Several grassroots innovations which we often hear about failing to make it to the market. This is due to a number of factors including lack of access to formal incubation facilities, venture capital, and prototyping and mentoring. In order to overcome these hurdles, experts have suggested setting up of special purpose incubators that can provide necessary technical and mentoring support to innovators in the non-formal sector.
“The idea is to develop some kind of distributed incubation and to nurture ventures in their respective regions, in the spirit of in-situ incubation,” said Dr. Ashutosh Sharma, Secretary, Department of Science and Technology (DST) while presenting recommendations emerging from roundtables held as part of the Festival of Innovation and Entrepreneurship at the Rashtrapati Bhawan few months back.
President of India Ram Nath Kovind
It was also suggested that since most innovative products fail to compete with large companies and against established products and brands, the government must develop norms for a preference in public procurement for such products.
Besides distributed incubation facilities, the roundtable also came up with the idea of ‘value addition centres’ which should be open for all innovators so that prototypes of innovations could be further developed and converted into marketable products. At present, academic and research institutions are involved in developing prototypes only and innovators have to look elsewhere for fabrication. Commercial fabricators accept orders for large quantities. “Innovators need special fabrication centers where limited units of a finished product can be developed for a pilot study, market research and test commercialization,” Dr. Sharma added.

Also Read: Innovation is the New Buzz Word

Innovators at FINE 2018
There is a need for testing and calibration of technologies developed by a large number of innovators. However, many innovators and startups do not have adequate funds for Distributed incubation may help promote grassroots innovations By Dinesh C Sharma this. A fund through which the testing and calibration of technologies could be facilitated is required.
In order to correctly ascertain the needs of the people, an appropriate need-gap analysis is essential to guide the R&D efforts in the right direction. If the industry could be involved during the initial phase of product development, the chances of the products’ acceptance by the people increase manifold. Hence, industry and R&D linkages at institutions be facilitated.
The roundtable on sustainable agriculture recommended adoption of one innovator by every agriculture institute and university. The Indian Council for Agriculture Research (ICAR) already runs a program called Innovator Farmers – IARI Fellows. It was recommended that this scheme should be extended to central and state agriculture universities for innovations in agriculture and allied activities.
“We have seen that coming together of innovators from informal sector and institutions in the formal sector can help disseminate innovations on a wider scale,” observed Dr. Anil K Gupta, Executive Vice Chairperson of National Innovation Foundation which organized the innovation festival in collaboration with the Office of the President and DST.
“The exhibition of innovations held at Rashtrapati Bhavan has demonstrated to industry, government and civil society how innovators are collaborating for a creative and compassionate India,” President Ram Nath Kovind said while speaking at the concluding session.
However, he said, merely showcasing innovations was not the sole purpose of this Festival.
(By India Science Wire)
 

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