In the year 2001, the Government of Karnataka, in association with ICICI, set up the Institute of Bioinformatics and Applied Biotechnology (IBAB). With the active support of leading academic institutes and industry, IBAB aims to attain high standards in bioinformatics and biotechnology education, research and entrepreneurship.

Entrepreneurship is one of the mandates of the institute and IBAB is incubating one entrepreneur in the area of diagnostics.

Recently, IBAB has joined hands with the Wadhwani Foundation as one of the 5 founding partners of the National Entrepreneurship Network to scale entrepreneurship activities and promote the growth of entrepreneurs in the field of bioinformatics and biotechnology.

"The NEN initiative is very timely. The concept of this kind of a network is also a very valuable one since useful partnerships can come up making use of the different locational and domain-expertise advantages of the partners."
- Dr. Gayatri Saberwal, NEN Leader, IBAB