Infrastructure

BioRiidl provides 24/7 infrastructure neccessary for your startup to grow.
The infrastructure includes :

1. Dedicated Desk space / Cabin for startup
2. High speed WiFi
3. Meeting Rooms
4. Conference Rooms
5. Lockers
6. Sports
7. Cafeteria
8. Digital Fabrication Facilities : Learn more
9. D.I.Y. Bio Lab : Learn More

Business Services

Industry connect

BioRiidl help startup connects to various industries in their incubation lifetime. Industries in both Private and Government sector including Manufacturing, IT etc. The responsibility of connecting startups to the industry will be of Incubation Manager and In-house experts. The industry can be potential client or a collaborator for startup. Startup can not force their requirement of connecting to a particular company of an industry, RiiDL can connect to any peer company playing same role in the industry.

BioRiidl provides legal support to the incubated startups The legal support essentially comprises of:

• Idea validation from a legal and regulatory standpoint, including advising on founder legacy issues and legal landscaping of execution of the business idea.

• Business structure/entity identification, set-up, operationalization and related compliance support.

• Build-out of preliminary and iterative legal templates related to the business and commercial requirements of the Start Up. These could include employment documentation, IP creation and capture forms and iterative vendor and customer contracts.

Once the Startup is operational, BioRiidl will partner with the Startup, to provide ongoing legal advice that is pre-emptive and proactive and tied to the business inflection points and strategic needs of the Start-Up.
The scope of this partnership will include the following:

• BioRiidl will work with the Startup to provide ongoing inputs on any changes in law that impact the Start-Up’s business. Further, BioRiidl will also pre-emptively advise the Start-Up on any legal bottlenecks to any proposed business refinement or business enhancement.

• BioRiidl will advise the Startup on any proposed investor relationships (including seed, angel, Series A, B and C investments), including negotiations, best practices, tax impact and investment documentation (such as term sheets, shareholder agreements, etc). BioRiidl will also advise on debt financing.

• BioRiidl will advise legal mechanisms to address strategic initiatives such as employee stock incentives, innovation/patent pipelines and protection strategy, product development and commercialization (such as licensing (in-licensing, out-licensing, cross licensing), contract manufacturing, co-development, etc.), mergers & acquisitions, business alliances, joint ventures and sale of business.

Patent Support

BioRiidl has a tie up with patent company who helps BioRiidl startups with IPR related issues. These companies on behalf of BioRiidl provides the following IPR services to startups :

• Identify patentable technologies with emphasis on technologies suitable for India

• Provide advice on how best to modify new technologies so that they become patentable and commercially viable in India

• Provide strategic input on how to best monetize IP/ technology in India

• Preliminary Review of Inventions – a preliminary feedback on the patentability of an invention in a particular jurisdiction

• Technical processing of IP inventions including

• Prior Art Reporting

• Technical Patent Drafting (including suggested claims)

• IP Strategic reports on products including Product Analysis Report on the construction, functionality and physics behind the product and Search Report for prior art in specific jurisdiction.

Financing

BioRiidl helps startup connects to potential angel investors and venture capitalists. BioRiidl tie-ups with various angel and capital firms and has created a pool of investors for startup. BioRiidl exposes startups in front of the investors on various stages of incubation. For the early stage startups following are the prerequisites in order to get funded.

People Connectivity

In-house experts

BioRiidl’s In-house experts provides professional or expert advice in area such as Information Technology, Electronics and Embedded systems, Microbiology, Marketing and Business Activities.

In-house expert’s primary role is to assist startup with certain areas of startups inclusiveness work. While the In-house expert may act as an educator, a catalyst for deeper change, a resource, or a facilitator.

HR Support

BioRiidl provides basic HR support to startups that includes setting up the HR policy for their employees. BioRiidl has a network of interns and freelancers as many students apply for internship in BioRiidl and startups. Incubation Manager and In-house Experts can connect startups to interns / freelancers.

Policies

1. Lab Usage
2. Website Usage
3. Incubation
4. Authorization
5. Purchasing
6. Gift / Research Gift / Sponsored Project
7. Intellectual Property

Agreements

1. Mentor / advisor equity Agreement
2. NDA Template
3. Safety Manual Practices and Operating Procedures for members and guests of the BioRiiDL