This story is from August 5, 2020

BHU to promote startups, to set up BioNEST

BHU to promote startups, to set up BioNEST
VARANASI: The Banaras Hindu University is all set to play a key role in promoting and invigorating entrepreneurship and startups in the areas of life sciences, biotechnology, healthcare, agritech, food technology and allied areas. It has geared up to set up BioNEST (Bioincubator for Nurturing Entrepreneurship for Scaling Technologies) facility, which will provide support to startups in these areas.
The director of the Institute of Science, BHU Prof.
Anil K. Tripathi said that for this purpose, the Biotechnology Industry Research Assistance Council (BIRAC), a public sector enterprise of Department of Biotechnology, has sanctioned Rs 6 crore to InnoResTech Foundation, BHU for starting a BioNEST facility. BIRAC has released Rs 3 crores as the first grant to start the program, which will be operated in the building of Central Discovery Centre (CDC), BHU.
According to Tripathi, the InnoResTech Foundation, BHU, is a not-for-profit company created under the aegis of Institute of Science, BHU, to promote science-based innovations in technologies to empower academia, entrepreneurs and industry. The program will be operated in the building of Central Discovery Centre (CDC), BHU.
Under the program, BioNEST-BHU will create space and facilitates to incubate 15 incubatees and provide them the opportunity and environment to pursue their translational ideas with commercialization potential towards successful outcomes.
Availability of Atal Incubation Centre and an upcoming DST-SATHI program in the CDC building are expected to create an ecosystem to nurture start-ups in realization of their goal of self-employment through entrepreneurship, which is also one of the main objectives of the recently announced New Education Policy 2020.
He said that the BHU-BioNEST will groom young incubatees and faculty members. It will organize awareness programs and connect startups with the inventors/developers of the technologies ready for transfer with the industry as well as hospitals to provide initial mentorship to the start-ups. It will also create a single window advisory for entrepreneurs and start-ups about equipment facility, technology and expert portfolio of BHU, and the government schemes.
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