IIT Madras Bioincubator

Early and Translational Accelerator

Introduction

  • Bioincubator was inaugurated in Dec. 2014 at IITM Research Park
  • Commenced operations in Mar 2015 with 4 incubates
  • Currently housing 11 start-up companies
  • Prof. GuhanJayaraman is the Prof-in -Charge of IITM Bioincubator
  • IIT Madras Research Park is modelled along the lines of successful research parks at Stanford and MIT
  • Bioincubator promotes the collaboration between the incubated companies, Corporate R & D, the faculty and students of IIT Madras

IITM Bioincubator Infrastructure

I Phase IITM Bioincubator The Wet-lab facility (Completed and Functional)
  • 3000 sq ft. laboratory space, housing all the equipments
  • Sitting arrangements and workstations allotted to individual companies
  • Equipment facilities are shared by all the incubated companies
  • A meeting room with videoconferencing facilities
Biotech Department Facility (Completed and Functional)
  • 700 sqft. space (Dept of Biotechnology, IIT Madras)
  • Consists of only office cubicles and a meeting room with videoconferencing facilities
  • Meant for pre-incubation and incubatees working in the area of Bioinformatics

II Phase IITM Bioincubator, Research Park (To be completed by Feb 2018)
  • 6000 sqft. space, currently under construction
  • 8 Lab/office spaces for individual companies (~ 200 – 220sqft. each)
  • Incubatees will have to bring their own lab. and office equipment

Entry and Exit Policies

Companies are evaluated based on the following criteria:

  • Technical merit of proposal
  • Business strategy for commercialization
  • Team expertise
  • Availability of seed funding
  • Suitability to the infrastructure and space available at the IITM Bio-incubator.
  • Based on the recommendations of the Screening Committee, the incubatees will sign agreements with the IITM Incubation cell and the Bio-incubator for a 2-year period.
  • Exit policy is as per the policies of the IITM Incubation Cell

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