The Hindu : Front Page : Varsity to commercialise new products

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Friday, Nov 24, 2006
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Varsity to commercialise new products

Special Correspondent

FOSTERING IDEAS: The University of Madras now looks to the industry for commercialising its newly patented products. — Photo: N. Sridharan

CHENNAI: The University of Madras is on lookout for small and medium enterprises in the region to commercialise 10 of its newly patented bio and pharma products.

These were developed by the technology business incubator (TBI) promoted by the university and the Department of Science and Technology (DST).

"We want to put these products before the small and medium enterprises working in the area of pharmaceuticals in early December, so that they can commercialise the products, or market them. Some of the SMEs may even like to refine the products or look at prototyping or scaling up the production facility," says Prof. Ramachandran.

"In the first phase, the university will even offer funds for refining the product or assist in marketing. Once the commercialisation happens, we can share revenue or royalty," he says.

The TBI, which will incubate ideas into products, will get a new building with 2.5 lakh sq. ft on the university's Taramani campus.

The university's research workers, using funds given by the University Grants Commission under the `university with potential for excellence' scheme, came out with 10 pharma products and bio-active substances, using herbal formulations.

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