Tech Mahindra and BioNEST sign agreement to establish a bio-incubator
Date: 2018-11-05   Author: Pankaj Singh  Category: #news

Tech Mahindra and BioNEST sign agreement to establish a bio-incubator

Tech Mahindra is partnering with a bio-incubator, BioNEST, to foster the pharma and biotech innovation ecosystem in India. BioNEST, as per records, was formed with the support of Biotechnology Industry Research Assistance Council (BIRAC) to encourage research and co-innovation in pharmaceutical and biotechnology sectors.

The companies have inked a Memorandum of Understanding (MoU) to enable the development of new technology platforms in the country. Apparently, Tech Mahindra will help leverage digital technologies as the technology partner, to develop new platforms and solutions in the pharma and biotech space.

Further from the reports, the collaboration of both companies will also enable academia and industry partnership, along with ensuring efficient exchange of knowledge in the area. Tech Mahindra will supposedly provide technical and business mentorship for Intellectual Property (IP) and technology management, resource mobilization, legal and contract, and networking platform.

Tech Mahindra’s Global Head for Healthcare & Life Sciences, Venugopal Kandimalla, mentioned that the company has a thorough knowledge of research and innovation in the field of biotechnology, particularly in bringing forward the latest of technologies and commercializing the concepts to solutions.

Tech Mahindra, as the technology partner of BioNEST, would be helping to provide all round technology support for the incubates in the center, as well as joint go-to-market opportunities. The bio-incubator, with a size of 20,000 square feet, is situated at the School of Life Sciences, University of Hyderabad and has state of the art facilities.

Principal Investigator for BioNEST, Prof. P. Reddanna, stated that BioNEST was set-up in 2018 at University of Hyderabad with the support of BIRAC. The vision of BioNEST is to support and foster an environment beneficial for startups in the field of Biology and Biotechnology. The organization encourages bio-entrepreneurship and also provides development opportunities for aspiring entrepreneurs around the country, in transforming their ideas to products.



About Author


Pankaj Singh

Pankaj Singh

Pankaj Singh Develops content for Algosonline, Market Size Forecasters, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

Read More

More from Pankaj


Post Recommendents

Online bank N26 secures $170 million funding for global expansion push
Author: Saif Ali Bepari

Reports confirm that Berlin-based N26 has recently secured an additional $170 million in its latest round of funding, propelling its valuation to around $3.5 billion, as the online bank is looking forward to accelerate...


Online Assessment Software Market Size, Development, Key Opportunity, Application and Forecast to 2025
Author: Partha Ray

Market Study Report, LLC, has recently added a report on the ' Online Assessment Software market' which presents substantial inputs about the market size, market share, regional trends, and profit projection of this business sphere. The report als...


On-Demand Delivery Software Market Size, Growth, Analysis, Outlook by 2019 - Trends, Opportunities and Forecast to 2025
Author: Partha Ray

The ' On-Demand Delivery Software market' research report added by Market Study Report, LLC, is an in-depth analysis of the latest trends persuading the business outlook. The report also offers a concise summary of statistics, market valuation, an...