ROLE BY VENTURE CENTER AND BIRAC
Venture Center has energetic and buzzing campus with many
start-ups. This helped us a lot in peer to peer learning. A good
infrastructure at Venture Center also helped us navigate fast
in development of our first product prototype.
BIRAC has really increased the momentum of
commercializing Biotech inventions. I have successfully
used the Biotechnology Ignition Grant awarded by BIRAC to
develop prototypes and currently I have received the SBIRI
grant from BIRAC to take the products ahead. BIRAC has
created a wonderful platform for start-ups like Orthocrafts.
support. Orthocrafts today enjoys
necessary technology rights for
material and product development,
they say, adding that it is unique
in terms of a company structure,
where scientists from CSIR are
allowed to take equity and be
a promoter of the company.
Orthocrafts is amongst the first few
start-ups where CSIR’s “Scientist
Entrepreneurship Scheme” has
come to fruitation. So far it has
been successful in setting up new
trend amongst scientists, who
now are thinking of shifting from
traditional technology development
and transfer model.
Transformation of an idea into
enterprise
The genesis of Orthocrafts lies
in Lab2Mkt program of Venture
Center and Proof of Concept
initiative at Venture Center. The
idea bagged its initial funding of
mere Rs 7 lakhs from Proof of
Concept initiative. However, this
kick-start funding proved to be a
lifeline. On successful development
of SOP for polymer materials
Orthocrafts decided to develop
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