Dr. Moopen’s Medical College has received approval from the Biotechnology Industry Research Assistance Council (BIRAC) to establish an incubation facility under the Bioincubators Nurturing Entrepreneurship for Scaling Technologies (BioNest) program.
Dr. Moopen’s Medical College and BioNEST will focus on health technologies involving biotechnology, biomedicine, Internet of Things (IoT) and artificial intelligence (AI), digital health, economics/management of health, blockchain and bioinformatics.
Since Dr. Moopen’s Medical College is located in an underdeveloped district of Kerala called Wayanad, which has 20% tribal population and limited health facilities, the program also aims to support regional development by providing better opportunities for health care and education and encouraging young talents for technological development. .
The incubator is equipped with a DSIR2 recognized biomedical research laboratory with specialized facilities and a laboratory for small animals and is supported by a hospital information system, a laboratory
information system, PACS, digital health data bank and clinical simulation laboratory. A space of 11,000 square feet has been dedicated to incubation. The expected cost of the project is Rs 6.5 crores.
In Phase 1 (3 years) DMMC BioNEST plans to support 10 start-ups in physical incubators, 5-10 start-ups in virtual incubates and three start-ups from the BIRAC network in field validation each year in the fields of digital health , the development of health care and biomedical technologies. It is expected that at least 30 start-ups will be successfully incubated in the BioNEST and few of them will graduate as successful exits with locally developed innovative technologies at the end of Phase 1.
The current industry partners for this initiative are-
• Aster DM Healthcare
• Agappé Diagnosis
• Applied materials
• Mother son
• Pixel Intel – Fuji Film