IBAB has received funding from various sources over the years. A brief outline is provided below:
1. Government of Karnataka (GoK)
IBAB was set up by a Government Order of GoK. The institute has received consistent, and escalating, funding from the Department of IT, BT and S&T, GoK ever since.
2. ICICI Bank
The Bank provided Rs. 3 crores when the institute was set up. This was in the form of an interest-free loan with deferred pay-back. IBAB has been returning the amount in annual installments, and over half the amount has been returned.
3. Grants to the institute from the Government of India (GoI)
Aside from research grants to individual faculty, the institute has received large grants for its research and educational programmes from various departments of GoI. These have come from the Department of Biotechnology (‘B-Life’ Programme), the Department of Electronics and IT (‘Centre of Excellence in Bioinformatics Training and Research’programme) and the Department of Science and Technology (‘FIST’ programme).
4. Research grants
Faculty have received research grants from the following agencies within India:
Council of Science and Industrial Research (CSIR)
Department of Biotechnology (DBT)
Department of Electronics and Information technology (DeitY)
Department of Science and Technology (DST)
They have also received research grants from the following foreign sources:
Wadhwani Foundation (USA)
A large university in USA
Institut Merieux (France)
5. Company contributions
IBAB has received contributions from a range of companies, or their foundations. Particularly noteworthy are:
The Infosys Foundation
The AstraZeneca Research Foundation of India
Merck (MSD Pharmaceuticals)
Although IBAB is a young and relatively small institute, its alumni have already been contributing to its success, mainly through support for scholarships/fee waivers.