Bangalore-based Biocon Limited and the Hyderabad-based Indian School of Business (ISB) have launched the Biocon Cell for Innovation Management (BCIM) to promote innovation in business.
The cell will be established under the aegis of the Centre for Leadership, Innovation, and Change (CLIC) at the ISB.
Biocon is contributing an initial investment of Rs 1 crore to set up BCIM. Biocon will provide funding over a minimum 10-year period as and when required.
The cell will focus on finding answers to questions such as the gaps in a company’s ability to innovate, assessing the required understanding to manage and mitigate risks associated with innovation and how to produce high value, high quality, strategic innovation at low cost.
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