NITI Aayog Selects CCMB as Incubation Centre for Biotech Start-ups

NITI-Aayog has chosen the CSIR-Centre for Cellular and Molecular Biology (CCMB) in Hyderabad for hosting the ₹10-crore Atal Incubation Centre for biotechnology start-ups.

Salient Facts

The centre will identify promising start-ups and create facilities for them to succeed in the field of biotechnology. The CCMB is one of the 10 organisations that have been identified to host the ‘Atal Incubation Centre’.

The government will release a Grant-in-aid of Rs 10 crore for a maximum of 5 years. After that, it is expected that the Centre would become self-sustainable.

The CCMB is a constituent laboratory of Council of Scientific and Industrial Research (CSIR). It is the only one in the States of Telangana and Andhra Pradesh to be chosen as an incubation centre under Atal Innovation Mission (AIM).

Background

Atal Innovation Mission (AIM) under NITI Aayog is aimed at promoting a culture of innovation and entrepreneurship in the country. It aims to create high-class incubation facilities with necessary infrastructure in terms of capital equipment and operating facilities, coupled with the availability of sectoral experts for mentoring the start-ups. The scheme is known as Atal Incubation Centre scheme. 

The incubation centres would support and encourage start-ups in the sectors like manufacturing, transport, energy, health, education, agriculture, water and sanitation etc. The scheme focuses on the establishment of incubation centres in underserved and unserved areas to support inclusive growth.

Under the scheme, Atal Incubation Centre can be established either in Publicly funded institutions or Private sector funded institutions or in Public Private Partnership (PPP) mode.

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Categories: India Current Affairs 2017

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