Established in December 2014 by IIT-Madras, the IITM Bioincubator (IITMBI or BI) promotes biotechnology-based innovation and entrepreneurship in India. It fosters the development of globally competitive products by startups, aiming for successful commercialization. Operational since 2015 at IIT Madras Research Park with funding from BIRAC, IITMBI offers a ~9000 sq.ft. facility, providing incubated startups with office space (co-working and/or independent offices), wet lab space, and access to extensive equipment/instruments.
As part of IIT-Madras' deep tech startup ecosystem, spearheaded by IITM Incubation Cell (IITMIC), IITMBI officially merged with IITMIC in August 2023. This integration enhances the support system for startups, offering technical and business mentorship, business support services (accounting, legal, IPR, HR, product design/prototyping, branding), connections to investors (Angels/VCs), industry links, startup training, and seed funding (grants/soft loans).
Since its inception, IITMBI has incubated 24 startups with a combined valuation of Rs 281 Cr, cumulative revenue of Rs 5.5 Cr in FY 2022-23, created over 100 direct jobs, and filed 15+ patents.
IITMBI excels in translating lab-based discoveries into marketable products, nurturing innovation, and bio-entrepreneurship. It promotes collaboration between startups, industry, faculty, and students of IITM. The incubator provides a comprehensive support system for the entrepreneurial journey from idea to market, with dual strategic goals: (a) offering infrastructure for technology scale-up and pilot-scale validation, and (b) fostering research networking for industry-academia collaboration through technical mentorship, business mentoring, funding, and identifying early customers.
Company Details
- Employees
- 7
- Founded
- -
- Address
- Iit Madras Bioincubator, 3rd Floor, Iit Madras Research Park, No 1,kanagam Road,taramani,india
- Industry
- Biotechnology Research
- NAICS
-
Research and Development in Biotechnology (except Nanobiotechnology)
- Website
- bioincubator-iitm.in
- Keywords
- entrepreneurship, startups, deeptech, biotech startups, industrial biotech, healthtech, agritech, diagnostics, life sciences, incubator, innovation, accelerator.
- HQ
- Chennai, Tamil Nadu
- Competitors
- CisGEN Biotech Discoveries Private Limited, IITMs HTIC MedTech Incubator, Biotech Research Club IIT Madras, ISMO Biophotonics Private Limited, IITM Pravartak Technologies Foundation, IIT Madras Biotech Club, Office of Innovation and Entrepreneurship IIT Madras, AATREL Green Renewable Energy Pvt. Ltd., IITM Incubation Cell, IIT Madras Research Park (IITMRP).
Iit Madras Bioincubator Questions
Iit Madras Bioincubator's website is bioincubator-iitm.in
Iit Madras Bioincubator's LinkedIn profile is https://in.linkedin.com/company/iitmbioincubator
Iit Madras Bioincubator has
7 employees.
View email and phone details for 7
employees at Iit Madras Bioincubator.
Iit Madras Bioincubator's industry is
Biotechnology Research
Iit Madras Bioincubator's top competitors are
Cisgen Biotech Discoveries Private Limited,
Iitms Htic Medtech Incubator,
Biotech Research Club Iit Madras,
Ismo Biophotonics Private Limited,
Iitm Pravartak Technologies Foundation,
Iit Madras Biotech Club,
Office Of Innovation And Entrepreneurship Iit Madras,
Aatrel Green Renewable Energy Pvt. Ltd.,
Iitm Incubation Cell,
Iit Madras Research Park (Iitmrp).
Iit Madras Bioincubator's categories are Biotechnology Research
Iit Madras Bioincubator's founding year is 2014
