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

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

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. 

CSIR Logo

Image source: CSIR

National Institute for Interdisciplinary Science and Technology

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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