Bhubaneshwar-based ILS Setting Up Bio-Incubator for Bio-Tech Entrepreneurs and Startups

Institute of Life Sciences (ILS) in Bhubaneshwar, which is operated under Department of Biotechnology (DBT), Government of India, is in the process of establishing a bio-incubator for nurturing, mentoring and promoting entrepreneurs in biotechnology, announced by ILS Director Dr Ajay Parida, in a webinar series on 'Insight into Entrepreneurship in Biotechnology'.

Speaking at the inauguration of the webinar, Union Biotechnology Secretary Dr. Renu Swarup said that she hoped that with the excellent science base, the ILS will play a major role in developing an enabling ecosystem for bio incubation in the region.

Dr Renu Swarup exuded confidence that biotechnology applications would play an important role in mitigating challenges in most of the sectors.

The innovation ecosystem, promoted by the Department of Biotechnology and Biotechnology Industry Research Assistance Council in the recent times has enabled promotion of young entrepreneurs for development of several products and processes in agriculture, healthcare, environment management, devices and many other areas.

The institute, along with DBT, has recently (in August'20) invited application from startups, entrepreneurs as well as researchers and academicians for incubation supprt that incude lab space, mentoring and funding ideas for all stages PoC, Clinical trials and Commercialization.

Established in the year 1989, ILS was an autonomous institute under Department of Biotechnology, Govt. of India. The-then Prime Minister of India Shri Atal Bihari Vajpayee dedicated the institute to the nation in July 2003. Three ILS faculties have been awarded prestigious TATA innovation fellowship of DBT. Over the years ILS has produced 80 Ph.D.s, over 450 publications and 27 patents applied.

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