CSIR-NIIST Opens New Innovation Hubs to Foster Startup Growth in India

SUMMARY
CSIR-NIIST aims to provide ecosystem support, co-working spaces, and comprehensive services including legal and technical advice. They aim to work on early-stage startups and support the growth of innovative products. The original goal of starting this program in Thiruvananthapuram was to boost technology-based startups.
CSIR-NSIIT (National Institute of Interdisciplinary Science and Technology), Thiruvananthapuram has set up a whole center on campus. The center is dedicated to helping and enabling more technology driven start-ups to come up with more innovative and marketable product ideas. In addition, the Chairman and managing director of Bharat Biotech International Ltd. And the chairman of the Research Council of Scientific and Industrial Research known as CSIR-NIIST came together to enhance the facility, according to NIIST. The Director Of CSIR-NIIST, Mr. C Anandharamakrishnan was also present during the time of inauguration.

Image source: CSIR

Image source: NIIST
The release said that after the execution of the agreements, the keys for the co-working space were handed over by Anandharamakrishnan on May 1, marking the deal of their collaboration with the institute. The whole focus of this collaboration is to provide an ecosystem to all startups who want to develop and work with technologies. Using all ideas and converting them into commercial and technical ventures. Some of the companies selected by the program so far are AbrinAldrich Agronic Products, Bio Vastum Solutions, Tuneup08 Automotives, Vitaliz Biosciences, and Embedite. A few companies were also selected to undergo training and mentoring including Neuflow Energy, Biolaxi Enzymes, and Athmic Biotech Solutions.
A statement issued by NIIST said the facility offered includes the demand for strategic evaluation, protection, licensing, and transfer of technologies in order to nurture start-ups and early-stage ventures. The startups can have startup funding opportunities under this program. The facility encourages everyone to provide ideas and supports them to transform those ideas or concepts into market-ready products and services. CSIR-NSIIT innovation center provides a platform where entrepreneurs and founders can interact with scientists, technologists, and programmers. This will help in resulting in value-added services including both technical, IPR, and legal advice. The innovation center will help start-ups make their own sustainable business models by taking benefit of the shared use of CSIR-NIIST facilities.
Conclusion:
The Innovation Center set up by CSIR-NIIST in Thiruvananthapuram is like a hub for helping new businesses that use technology. They provide a space to work together with scientists, technologists,and programmers and help you by providing advice regarding legal and technical stuff. The aim is to help new businesses or startups grow and make market-ready products. Some known names, like the chairman of Bharat Biotech International Ltd., and the Chairman of CSIR came together to make this happen. The center also works with start-ups to train them and give them advice on how they will succeed in the market. They want to help new businesses turn their ideas into real products that the general public can use. This innovation center is like a meeting place where startup owners can talk to experts and get advice on making their businesses better. Overall, it’s a place where start-ups can get help to become successful.
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