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A Technology Business Incubator (TBI) will come up in the campus of the BITS, Hyderabad.
The incubator, being set up with a grant of Rs 5 crore from the Department of Science and Technology (DST), is intended to promote entrepreneurship.
It will focus in the areas of ICT for healthcare, biotechnology and pharmaceuticals. The DST has also provided Rs 30 lakh under its FIST (Foundation for Innovation in Science & Technology) scheme to enhance the laboratory infrastructure in the pharmacy department.
In total, the BITS Hyderabad has been able to attract research grants to the tune of Rs 20 crore from various science funding organisations in the country, said V.S. Rao, its Director.
On the participation of corporates, he said Intel, the global chip giant has recently set up an intelligent embedded systems laboratory at the campus. The Institute has also launched programmes for working professionals. More than 100 from corporates such as Dr Reddy’s, AMD, Synopsys, Xilinx, GE (Energy) and defence establishments, have enrolled.
The Institute has also forged international research tie-ups. Its pharmacy department has an Indo-Swedish collaboration going on drug design for tuberculosis. There is an Indo-Brazil-South Africa collaboration on HIV/AIDS and an Indo-Ukraine project on epilepsy. In wind energy, the mechanical engineering department is collaborating with the Technical University, Denmark for joint research, Rao said.
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