UoH’s bio-incubator ranked sixth in India: Survey

By Newsmeter Network  Published on  10 March 2020 8:06 AM GMT
UoH’s bio-incubator ranked sixth in India: Survey

Hyderabad: ASPIRE-BioNEST, the life sciences incubator of the University of Hyderabad (UoH), has been ranked sixth among all bio-incubators in the country in a survey conducted by BioSpectrum India.

The bio-incubator, ASPIRE-BioNEST, located in the UoH's school of life sciences, is a 20,000 sq. ft facility dedicated to life science start-ups. The facility, which was inaugurated on 28 February 2018, has 21 incubatees in diverse areas of life sciences such as agri biotech, biologics, healthcare, pharmaceuticals, and Information technology for life sciences.

The survey also found that Atal Incubation Centre of the Centre for Cellular and Molecular Biology, Hyderabad, ranked fifth. The Technology Business Incubator at Birla Institute of Technology (BITS Pilani) in Hyderabad was ninth in the list. Three institutions from Hyderabad made it to the list of top 10 life sciences incubators in the country. Kalinga Institute of Industrial Technology (KIIT), Bhubaneswar, ranked first, while the Entrepreneurship Development Centre (Venture Centre) in Pune was second.

The survey was conducted by BioSpectrum India, a leading B2B media platform in life sciences. It focused on both public and private bio-incubators spread across India based on their achievements in the past financial year. The survey was conducted on the basis of four parameters: the number of incubatees, funds raised, space available, and MoUs (Memorandum of Understanding) signed by the bio-incubator with other agencies to attract enterprises/ entrepreneurs.

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