The amount has been set aside from the revenue generated by the CSIR

By | Published: 12:37 am

Hyderabad: A fund to the tune of Rs 400 crore would be rolled out soon for innovations from the Atal Incubation Centres (AIC) and for research activities, said Dr Shekhar C Mande, Director General, Council of Scientific and Industrial Research (CSIR).

Speaking at a press conference at Medical Biotechnology Complex of Centre for Cellular and Molecular Biology (CCMB), here on Saturday, Mande said Rs 400 crore had been set aside from the revenue generated by the CSIR which would be used for innovations and research activities.

“At present, we are developing a mechanism as to how the fund can be utilised,” he said.

Earlier, speaking at one year celebrations of AIC-CCMB, Mande said unlike earlier, today’s students had several options including technology incubations and can start their own companies. He said one way of creating jobs was through start-ups and incubators.

Dr N Madhusudhana Rao, CEO, AIC-CCMB spoke about the achievements of the incubation centre over the last one year. He said the Centre had incubated eight start-ups working on a range of topics including diagnostics, food, pharmaceuticals and drug discovery with two successful graduations.

The AIC-CCMB has become a prominent player in the larger Telangana start-up ecosystem, taking forward the State’s thrust on Biotechnology, Rao said.

Dr Rakesh Mishra, Director, CCMB emphasised the importance of technology translation of institutional innovation and the incubation centre was one such important arm of the CCMB.

A panel discussion on ‘overcoming apprehensions of life science industries in institutional innovations’ was organised on the occasion.

Dr Krishna Ella, Chairman and MD, Bharat Biotech, Ishita Agrawal, Manager Atal Incubation Mission-NITI Aayog, Dr Satya Prakash Dash, and Dr AV Ramarao of AVRA Labs also took part in the event.