16 December 2014

IIT-Madras launches incubation cell for startups in Biotech

CHENNAI: The research work of G Purushothaman and Kiran Kumar, who were working on technology to change the way doctors test patients for infectious diseases, was promising. But two years after four young researchers started to develop point-of-care testing devices — that would allow a single check for multiple infectious diseases like TB, HIV and Hepatitis B — the team shrunk to two. 

For researchers working on projects with potential but lacking the resources to see them through, like Purushothaman and Kumar's Purius Nanosystems, the IIT-M Incubation Cell is a godsend. IIT-Madras director Bhaskar Ramamurthi inaugurated a biotechnology incubator on Thursday that will support four projects of doctoral students from the institution's biotechnology department. 

The initiative, supported by the Government of India's Biotechnology Industry Research Assistance Council, aims to help startups and small and medium enterprises develop products and make them commercially successful. 


Source : The Times of India | 12/12/2014

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Thanks to : The Hindu | Daily | 9/12/2014