IIT Madras has started a special cell to help biotechnology start-ups innovate products and launch them in the market.
The joint initiative of BIRAC (Biotechnology Industry Research Assistance Council, Govt of India) and the IIT-M Bioincubator, aims to help start-ups and SMEs develop globally competitive products and launch them in the market successfully.
Bhaskar Ramamurthi, Director, IIT Madrasinaugurated the facility at IIT-M's Research Park campus.
A total of four companies, Purius Nanasystems Pvt Ltd, FIB-SOL Life Technologies Pvt Ltd, Vital Bioscientific Solutions, and Yaathum Biotech have been identified as the incubatees for the first phase.
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