Crescent Innovation and Incubation Council (CIIC) has been established under Section-8 as a not-for
Currently, CIIC supports 20 student start-ups, 10 faculty start-ups, 31 external start-ups and 10 alumni start-ups. More than 450 people have found employment opportunities through CIIC startups. CIIC emphasizes the mantra ‘patents to start-ups’ and has supported 70 patents processing. Even though government given seed grants to CII C towards startups & raised Rs. 4.9 Cr and Rs. 41.5 Cr. of private investment is supp orted by BIRAC-BioNEST, Department of Biotechnology Govt of India, with an incubator funding of Rs. 1.8 Cr. The European Comm ission has recognized CIIC as an India Incubation Partner. CIIC is also ranked as 3rd Top Private Bio-Incubator in India by a leading magazine called “Biospectrum”. CIIC is the first incubator in Tami lNadu to enable startups to re ceive 17 Innovation Voucher Program (IVP) grants offered by Entrepreneurship Development Institute of India , Tamilnadu since inception.
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