Biotech projects incubated in India’s first DIY Bio Lab and Bioincubator at BioRiiDL showcase their projects to compete for funding.
After the successful launch of tech startups incubated at RiiDL, Somaiya Vidyavihar launched BioRiiDL an incubation cell for biotechnology start-ups and a DIY bio lab. BioRiiDL aims to nurture innovation and entrepreneurship in various aspects of Bio Technology.
To encourage and support this initiative Bio RiiDL has set up DIY BIO LAB, space where biologists can come, execute their ideas and innovate, even after completion of their studies, they can come and work on their own projects and a bio-incubator where potential projects can be taken into the market.
The BioRiiDL will facilitate 100 students in the first year.
This is the first DIY Bio lab in India, students will have access to mentoring from Scientists and Experts, access to investors via RiiDL, a chance to become a part of global discussion biologist group.
Applications for the bio-incubator are accepted year round. A screening committee evaluates the applications on several criteria—technical merit, proof of expertise, economic viability, funding and compatibility with the incubator. Selected start-ups are provided lab and office space, high-end equipment, scale-up facilities, technical support and centralised utilities for process development to help the innovators mature their ideas and attain commercialization
The first Bio-entrepreneurship Incubation Program by BioRiiDL announced in May 2017, received 33 applications from across India including Delhi, Chennai, Hyderabad, Kolkata, Bhopal and Mumbai. 12 Teams formed from these applications participated in a pitch competition. From these 12 teams, 5 teams were selected and given the opportunity to pitch for the final incubation. These teams were also given the opportunity to interact with mentors. These mentors helped them to formulate their idea realistically.
The winners will be incubated at BioRiiDL Labs for next 6 months.
Five shortlisted start-ups were given 7 minutes each to present their ideas to a panel of biotech experts and investors to win funding and further access to the BioRiiDL Labs. After their pitch, the startups had to answer questions raised by the biotech experts and investors present.
Somaiya Vidyavihar fosters a start-up ecosystem that encourages multidisciplinary collaboration, accelerates innovation, and cultivates the next generation of start-up leaders.
Riidl (Research Innovation Incubation Design Laboratory) is an initiative by Somaiya Vidyavihar to nurture entrepreneurship and innovation amongst its’ Students, Faculty, Staff & Alumni. RiiDL supports the creation and incubation of early stage companies by offering educational programming, space, and infrastructure, events, industry-specific resources, intellectual property protection, access to business support services, go-to-market strategies, early-seed capital and mentorship.
With its interdisciplinary approach, RiiDL engages the vast pool of Somaiya Vidyavihar’s faculty, students, alumni and external networks to provide the education, experiences, and resources that students need to become innovators and empowering them to change the world around them.
RiiDL serves over 39,000 students and 1,500 plus faculty across Somaiya Vidyavihar’s 34 institutions in Mumbai and rural areas of Karnataka and Maharashtra. External start-ups must have faculty, alumni, students or staff from Somaiya Vidyavihar on the founding team. RiiDL encourages cross-disciplinary collaboration.
Registered as a not-for-profit Section 8 Company, RiiDL has over 8000 square-foot facility in the heart of the Somaiya Vidyavihar’s Mumbai campus where aspiring entrepreneurs from across all of Somaiya Vidyavihar’s schools and colleges—be they students, faculty, or researchers—can meet to connect, collaborate, and tap into a vast array resources to help develop their ideas and inventions into start-up companies.
Further, to enable access to knowledge, experience, and funding for the start-ups, RiiDL has forged academic collaborations, industry-driven alliances, and participated in government entrepreneurship programs.
About: DIY BIO
Do-it-yourself biology (DIY biology, DIY bio) is a growing biotechnological social movement in which individuals, communities, and small organizations, study biology and life science using the same methods as traditional research institutions.
DIY biology is primarily undertaken by individuals with extensive research training from academia or corporations, who then mentor and oversee other DIY biologists with no formal training. This may be done as a hobby, as a not-for-profit endeavor for community learning and open-science innovation, or for profit, to start a business.
The DIYbio movement seeks to revise the notion that one must be an academic with an advanced degree to make any significant contribution to the biology community.
It allows large numbers of small organizations and individuals to participate in research and development, with spreading knowledge a higher priority than turning profits.