Biospectrum Excellence Award For Bhubaneswar’s KIIT-TBI

The coveted Biospectrum Excellence Award 2021–22 was given to the KIIT Technology Business Incubator (KIIT-TBI), placing it first among all public and private incubators in India. The honor was given to Prof. Mrutyunjay Suar, DG (R&D), KIIT, and CEO, KIIT-TBI, on June 30 in New Delhi. KIIT-TBI outperformed its rivals, finishing with a score of 23.01.

With a score of 13.84, public incubator C-CAMP from Bengaluru took second place, closely followed by Venture Centre from CSIR-NCL (13.02). The annual Biospectrum rankings honor the accomplishments of the biotechnology, life science, and bioincubator industries. The KIIT-TBI Bioincubator, which was founded in 2012 with funding from the DBT-Biotechnology Industry Research Assistance Council (BIRAC), Govt. of India, has been instrumental in promoting bio-entrepreneurship not just in Odisha but also in the eastern and northeastern parts of the nation.

Over 200 biotech and life sciences-based firms have been successfully supported by the incubator across the nation, making a substantial contribution to the growth of a healthy startup ecosystem. The Department of Science and Technology (DST) of the Indian government has recognized KIIT-TBI as a center of excellence in recognition of its remarkable efforts in incubation. Prof. Suar and the entire KIIT-TBI team received congratulations from Dr. Achyuta Samanta, the founder of KIIT and KISS, for their well-deserved recognition and outstanding accomplishment.

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