Pune: Pune-based Venture Centre will receive this year’s Incubator of the Year Award 2018 for its excellence in incubation performance. The award is instituted by the Asian Association of Business Incubation (AABI), the pan-Asian association of incubators from 19 nations and regions.

Venture Centre will share this award with the Shanghai Yangpu Technology Business Incubator in China.
The incubators are selected on the basis of the quality of the leadership team, the range of services offered, good practices, scale and scope of activities, financial and operational stability and impact.

V Premnath, Director, Venture Centre said, “This award is a recognition of the sustained efforts of the Venture team and the support of the extended network of experts and mentors in CSIR-NCL and Pune city. 

“We hope this international recognition will help us build much stronger international linkages for our start-ups.”
The AABI has also decided to recognize Venture Centre’s incubator company, WeInnovate Biosolutions, with the AABI Torch Entrepreneur Award for 2018. This award aims to honour an entrepreneur who has developed an outstanding innovation. 

WeInnovate Biosolutions is a start-up focused on solving the problem of difficult-to-heal wounds by providing novel wound healing products and anti-microbial susceptibility diagnostics.

Dr Milind Choudhari, Founder and CEO of WeInnovate Biosolutions, said, “Winning the AABI torch award 2018 means a lot. WeInnovate Biosolutions is overwhelmed to receive this award, especially in Internationalisation category. ”