Union Minister for Science and Technology Harsh Vardhan today assured all possible support for further development of RGCB BioNest, the business incubation facility of Rajiv Gandhi Centre for Biotechnology (RGCB) at KINFRA Park near here.
During his visit to the facility at nearby Kalamassery, the Minister said there is a need for more biotechnology start-ups in the country.
"RGCB BioNest has a great potential for growth. The facility will undoubtedly attract more incubatees in the coming years," he added.
The incubation centre, jointly promoted by RGCB and the Kerala Startup Mission, has state-of-the-art equipment to facilitate research and development.
BioNest aims to provide a viable mechanism for licensing new technologies to upcoming biotech/pharma companies, start new local ventures and achieve early-state value enhancement of the technology with minimum financial inputs.
BioNest will provide four-year incubation facility for a start-up.
The incubator will also provide required infrastructure for the new company to work independently thereafter.
Principal Secretary for IT and Industries P H Kurian and RGCB officials were present on the occasion.