ASPIRE-BioNEST, a Life Science incubator, at the University of Hyderabad today celebrated its 3rd Foundation Day (2nd March 2021). The incubator was setup with support from BIRAC, Department of Biotechnology, to nurture, foster, and develop enterprises in life sciences. ASPIRE BioNEST is growing rapidly from its establishment in 2018 and presently hosting 25 start-ups in different areas of life sciences. On this occasion, a newly built BSL2 facility was inaugurated by Hon’ble Vice-Chancellor and dedicated to the incubating start-ups of ASPIRE-BioNEST. The function is presided over by the Vice-Chancellor, Prof. Appa Rao Podile. Prof. S. Rajagoapl, the Coordinator of ASPIRE BioNEST welcomed all the participants. Prof. G.S. Prasad, Director of ASPIRE presented about entrepreneurial ecosystem on the campus. Dr. Anil Kondreddy, the COO of ASPIRE BioNEST briefed about the progress of incubator and discussed about the facilities available.
Prof. Appa Rao Podile, in his remarks said that although there were efforts made to create the innovation led entrepreneurial ecosystem on the campus, it is shaped now only to a defined structure where it is being recognized through the improved ARIIA ranking, being able to nurture many start-ups and standing tall in the recognition race. He further said that the current development is the result of the collective efforts made by the staff and advisors, specially Dr. Yogeswara Rao and Prof. Reddana, who contributed significantly in inculcating the innovation ecosystem with an excellent infrastructure. He also stated in his words that, this would have not been possible without the grant from BIRAC.
The foundation day lecture was delivered by Prof. Shekhar C. Mande, Secretary, DSIR & Director General, CSIR who emphasized the need of knowledge-based economy for creating more jobs in the private sector. He also mentioned that it is time now to create and nurture more incubators like ASPIRE BioNEST where many potential start-ups would be cultivated that would provide large number of jobs, besides some of them emerge as knowledge driven enterprises.
As part of the foundation day celebrations, three popular lectures were delivered by notable speakers viz., Mr. Naveen Gullapalli, Global Business Head of Novartis in Hyderabad, Prof. Unnat Pandit, of Jawaharlal Nehru University (JNU) and Mr. Pradeep Jaisingh, cofounder of HealthStart, International Oncology, and Outcancer.org. The program was concluded with vote of thanks by the CEO of ASPIRE-BioNEST, Dr. Sreedhara Voleti.