Dr Moopen's Medical College to set up BioNEST incubator
Dr Moopen's Medical College has got approval from BIRAC to set up an incubation facility under the BioNEST scheme.
Biotechnology Industry Research Assistance Council (BIRAC) has given the nod to Dr Moopen’s Medical College (previously known as DM Wayanad Institute of Medical Sciences) to set up an incubation facility under Bioincubators Nurturing Entrepreneurship for Scaling Technologies (BioNest) Scheme.
Dr Moopen’s Medical College and BioNEST will focus on healthcare technologies involving healthcare economics/management, blockchain, bioinformatics, Internet of Things (IoT) & Artificial Intelligence (AI), digital health, Biotech, and Biomed. The estimated cost of the project is INR 6.5 crores.
The current industry partners for this initiative are Aster DM Healthcare, Agappe Diagnostics, Applied Materials, Motherson, Intel Pixel – Fuji Film and CARPL.
Dr Azad Moopen, Founder Chairman and Managing Director of Aster DM Healthcare said, "We are in the midst of an era of great innovation, with an ever-expanding healthcare modality, spawning the development of exciting new technologies and therapies. Today's ecosystem for innovation is vibrant with symbiotic relationships between Industry and academia, backed by government support. There is opportunity for many of the start-ups to utilize the platform and foster bio-entrepreneurship. The DMMC BioNest Incubator will inculcate research and innovation for translating innovations into commercial products and technologies and reduce lab to market time, helping the start-ups to be on their own feet," as quoted by TOI.
About BioNEST incubator
The incubator is equipped with DSIR2 recognised Biomedical Research Laboratory with specialised facilities and a small animal laboratory and is supported by a hospital information system, laboratory information system, PACS, Digital Health Databank and Clinical Simulation Lab. A space of 11,000 square feet has been dedicated for incubation, as reported by Bio Spectrum.
Other Details
The medical college is situated in an underdeveloped district of Kerala called Wayanad with limited healthcare facilities. Nearly, 20% of the total population is tribal. The program aims to provide better healthcare and educational opportunities and support regional development by nurturing young talents for technology development.
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