The Department of Information Technology and Biotechnology of the Government of Karnataka, and ICICI Bank, established the Institute in 2001. The institute has received overwhelming support from academic and industry scientists, primarily those in Bangalore. Its programmes would not be possible without this ongoing support.

IBAB's first Director, Prof. Manju Bansal is a professor at the Indian Institute of Science, Bangalore. She was with the institute for the first 3 years. She was succeeded by Prof. N. Yathindra of the University of Madras.

Although currently located in 15,700 sq. ft. at the International Tech Park, the institute will be moving to its own buildings soon. The academic block of the new campus will have (in its first phase) 60,000 sq. ft. There will also be hostel accommodation and a dining block.

Research
Promoting entrepreneurship
Education
Brief history