64 Start-Ups have already registered with CSIR-IIIM Jammu and a fresh impetus has been given to promote Start-Up as an alternative source of livelihood, with financial, technical and logistic support being provided by Union Ministry of Science & Technology through its different agencies and departments. Out of these 64 StartUps, 14 have developed products and 4 have already reached the market.
This was stated here today by Union Minister of State (Independent Charge) Science & Technology; Minister of State (Independent Charge) Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, while inaugurating CSIR-IIIM Jammu’s BioNEST-Bioincubator this morning, which will offer alternative sources of livelihood to thousands of youth in the region.
Bio-NEST was launched by Biotechnology Industry Research Assistance Council (BIRAC) to foster the biotech innovation ecosystem in the country. Unlike Start-ups in the IT sector, enterprising ideas in the biotech sector need incubation support of a different kind where they need a landing space to test their ideas, run their operations, have access to high end instrumentations and locate in a place where they connect with other start-ups and mentors. Bio-NEST program provides support to establish bio-incubators either as a standalone entity or as a part of academia.