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Bio360 â€“ Life Science Park, Keralaâ€™s first of its kind park intends to facilitate the Bio-IT and Nano technology sectors in India. Situated at Veiloor village in Thiruvananthapuram, the Life Sciences Park will be a geographic cluster of industry (Biotechnology, Nanotechnology & Life Sciences), research institutions and sci-tech academia. It will also address the needs of the rapidly emerging life sciences industry and is expected to attract investments; both domestic and foreign in the related areas.
The park will provide space for large and integrated Bio-IT companies to set up their companies and ready to occupy built-up modules and IT companies with focus on human health. The highlight of this knowledge centre will be the Incubation Centre and the Technology Development Centre. The Incubation Centre (IC) will provide critical enabling infrastructure to start-up Bio-IT companies and also assist them in the initial years (incubation period 2 -3 years) to acquire a critical mass and become self sustainable. Once profitable the company will move out and venture on its own. Technology Development Centre (TDC) will facilitate the small and medium size IT players, inventors and entrepreneurs in the State, to start, expand or make their business more competitive in the marketplace.
To start with, a state-of-the-art, new generation biotechnology incubation centre is being promoted by KSIDC and Tropical Botanic Garden and Research Institute (TBGRI) in the Life Sciences Park. Nationally and internationally renowned R&D institutions in Life Sciences / Biotechnology sector including Sree Chitra Tirunal Institute for Medical Sciences & Technology (SCTIMST), Regional Cancer Centre (RCC), Rajiv Gandhi Centre for Biotechnology (RGCB), and National Institute for Interdisciplinary Science and Technology (NIIST) also join hands with KSIDC and TBGRI in this venture.
The first phase of development of the park will be in 75 acres of land. The estimated cost of the project is 375 crores.