There are various
advantages for entrepreneurs to have an institutional base and/or
affiliation, and these are provided by IBAB. Microtest Innovations Pvt. was the
first company to be incubated by IBAB, in 2002. Cellworks Group Inc., Simbiosys Biowares, Novozymes R&D and BioCOS Life Sciences have also
availed of the institute's incubation facilities. The companies currently being
incubated are Ixora Biosciences, Shodhaka
Life Sciences, MIR Life Sciences, Denovo BioLabs and Privils.
Some IBAB alumni have gone on to become entrepreneurs. Savitha Ananth
started her own company, Genbios, Jagat Singh Bhatti has founded Osiantech and Monish Hajra is on her second start-up, ScientiaBio.