Bhubaneswar: KIIT Technology Business Incubator (KIIT-TBI) has been honoured with the prestigious Biospectrum Excellence Award 2021-22, securing top position among all public and private incubators in India.
Prof. Mrutyunjay Suar, DG (R&D), KIIT & CEO, KIIT-TBI received the award in New Delhi on June 30.
KIIT-TBI left its competitors far behind by achieving a score of 23.01.
C-CAMP, a Bengaluru-based public incubator, secured second position with a score of 13.84, followed closely by CSIR-NCL based Venture Centre (13.02).
The Biospectrum rankings, conducted annually, acknowledge the accomplishments of Biotechnology and Life Science Industries and Bioincubators.
Established in 2012 with support from the DBT-Biotechnology Industry Research Assistance Council (BIRAC), Govt. of India, KIIT-TBI Bioincubator has played a vital role in fostering bio-entrepreneurship — not only in Odisha but also in the country’s eastern and northeastern regions.
The incubator has successfully supported over 200 biotech and life sciences-based startups across the country, contributing significantly to the development of a thriving startup ecosystem. Its exceptional work in incubation has been acknowledged by Indian government’s Department of Science and Technology (DST), which has recognised KIIT-TBI as a centre of excellence.
KIIT & KISS Founder Dr Achyuta Samanta congratulated Prof. Suar and the entire KIIT-TBI team for the well-deserved recognition and remarkable achievement.