Promoting Entrepreneurship in Bioinformatics and Biotechnology is one of IBAB’s mandates
The institute engages in fundamental and applied research in the areas of bioinformatics and biotechnology, locates areas of commercial value, and fosters entrepreneurship.
IBAB’s first incubatee was an immunologist entrepreneur, who joined the institute’s incubator in 2002. So far 25 start-ups have been incubated. This includes companies set up by its alumni.
As a founding member of the National Entrepreneurship Network (NEN), the institute has now expanded its efforts in this realm. It has extended ‘company-starting assistance’ to include mentoring.
In addition to in-house activities, a 40,000 sq. ft. incubator has come up next to IBAB. Dr. Jitendra Kumar is the Head of this incubator, the Bangalore Bioinnovation Centre (BBC).