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Bangalore 20 September 2024 – Australia’s La Trobe University and the Bangalore BioInnovation Centre (BBC) in the Indian state of Karnataka will establish a bio innovation corridor, paving the way for sharing skills, infrastructure and capabilities under a memorandum of understanding (MoU) signed today.
La Trobe University is ranked in the top one per cent of universities in the world. It has a proud and successful history in India, where it has worked with tertiary institutions and organisations on projects that have benefited both countries and helped develop India’s talented students through joint education opportunities.
Bangalore Bioinnovation Centre is jointly established by the Department of IT, BT and S&T, Government of Karnataka and the Department of Biotechnology (DBT), Government of India and aims to promote innovation and entrepreneurship in the biotechnology sector.
The Bio Innovation Corridor will enable entrepreneurs, startup companies, researchers and investors from Karnataka and the Australian state of Victoria to leverage the infrastructure, capabilities and networks of the organisations and evaluate their Technology Readiness Level (TRL), Commercialisation Readiness Level (CRL) and Manufacturing Readiness Level (MRL).
This will enable BBC portfolio companies and La Trobe researchers to advance innovative biotechnologies in human health, medicine, food and agricultural technology, achieving regulatory approval and customer testing in both states.
Dr. Mohammed Adil AA, Managing Director, Bangalore Bioinnovation Centre, said, BBC encourages interdisciplinary advances in research and innovation towards entrepreneurship, creating work, wealth and well-being and empowering communities by creating employers rather than employees.
He said: “The Bio Innovation Corridor between Karnataka and Victoria is a strategic partnership that will promote market access, guidance, collaboration and investment in the life sciences sector. By connecting researchers, entrepreneurs and industry leaders from both regions, they aim to accelerate innovation leading to global unicorns.”
Professor Theo Farrell, Vice-Chancellor of La Trobe University, said“We are very pleased to announce the creation of this bioinnovation corridor between Karnataka and Victoria, and to offer La Trobe University’s skills, infrastructure and capabilities to the startups, entrepreneurs and researchers associated with the Bangalore Bioinnovation Centre.
“La Trobe University aims to develop an ecosystem of research and innovation through co-location opportunities, including the future university city at our Melbourne campus in Bundoora and our four Victorian regional campuses.
“This reflects our keenness to open up opportunities for Karnataka-based entrepreneurs and startups to set up their R&D, innovation, product development and commercialisation facilities in collaboration with La Trobe through various innovative business partnership models to access the Australian market.”
Professor Farrell said La Trobe recently launched a dedicated Bio Innovation Hub to help startup companies develop new technologies in medical technology and drug delivery.
The MoU was signed by Professor Farrell and Dr. Mohammed Adil during the Victoria Connect event being held in Bangalore on 19 September 2024 and is part of showcasing opportunities between Victoria and Karnataka in the higher education and value-added technology sectors.
contact:
Dr. Mohammed AA, Managing Director, Bangalore Bioinnovation Centre (+91 9710520522)
Ms. Amrita P Joglekar, Manager – Corporate & International Relations, Bangalore Bioinnovation Centre (+91 9108560763) www.bioinnovationcentre.com
Amit Malhotra
Megan Fisher, Pro Vice-Chancellor, Industry Engagement, La Trobe University (+61 9479 2070)
Sid Jain, Director of Precinct Development and Operations, La Trobe University (+61 408 764 036)
Bio-Innovation-Hub-April-24-WEB-.pdf (latrobe.edu.au)
About Bangalore Bioinnovation Centre (BBC)
Located in Bangalore, Karnataka, often referred to as the “Silicon Valley of India”, BBC Biotech strives to create a conducive environment for innovators, startups, and researchers. The rapid growth and success of the Bangalore BioInnovation Centre (BBC) since its inception in 2016 highlights its effectiveness as a hub for biotech startups in India. Its strategic focus on supporting innovation in various areas of life sciences, including healthcare, medtech, pharmaceutical, agriculture, food and nutrition, industrial biotechnology, integrated veterinary, bio-IT, bio-electronics, blue economy, sustainability, clean and climate tech, underscores its role in addressing critical challenges and driving progress in these areas. BBC Biotech provides state-of-the-art infrastructure, specialized equipment, mentorship, networking opportunities, and financial support to startups and entrepreneurs. Additionally, BBC fosters collaboration between academia, industry, and government bodies to promote innovation and commercialization in the biotechnology sector. BBC Biotech plays a vital role in fostering the growth of startups, accelerating the development of new biotech products and technologies, and contributing to the overall growth of the biotechnology ecosystem in India and the world. We strive to create an ecosystem for startups in Karnataka and around the world to grow from Karnataka.
About La Trobe University
For over 50 years, La Trobe University has been transforming people and societies. Located in Melbourne, Australia, the university works collaboratively across disciplines and partners to develop new ways of thinking and research – constantly seeking new ways to engage with and better serve its partners and communities, build relationships and develop solutions to the problems facing society. As well as maintaining its top 300 ranking in the Times Higher Education World University Rankings 2024, La Trobe won the prestigious ‘Most Improved – Oceania Award’ in the QS World University Rankings 2025, rising 183 places over the past five years to a new position of 217 out of 1,500 assessed universities. Read more about La Trobe here.
La Trobe University media inquiries
Charis Ede
c.ede@latrobe.edu.au, 0404030698, media@latrobe.edu.au
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