Team:IISc Bangalore/Entrepreneurship
Biotech park
We met with top government officials in the state's biotechnology department to tell them about our project. The use of Ag43 to clarify cultures and replace centrifugation is a novel procedure and we will apply for a patent on the same once preliminary experimental results concerning the same. We received ~$9,000 towards our project from the state government's biotechnology department.
We also received ~ \$ 15,000, the maximum prize money from the Department of Biotechnology, Government of India as our proposal was one of the winners of the Indian Bioengineering Competition (iBEC), a pre-iGEM competition to provide financial support for Indian iGEM teams.
We also received funding of ~ \$ 5,000 from our institution's undergraduate department towards the team registration for iGEM. This we felt was a triumph as it is our institution's first time participating in the iGEM competition and the funds were provided only when our idea was approved by the dean.
