The National Biotechnology Development Strategy -2015-2020 has been unveiled by the Union Minister for Science & Technology and Earth Sciences, Dr. Harsh Vardhan in New Delhi.
Objective
The Strategy aims to establish India as a world-class bio-manufacturing hub. It intends to launch a major mission, backed with significant investments, for the creation of new biotech products, create a strong infrastructure for R&D and commercialization, and empower India’s human resources scientifically and technologically.
The biotechnology sector is an incredibly important industry that can yield positive and progressive results with the development of innovative products. On top of this, John Tansey from Lenox Executive Search makes it clear that the more innovation there is within the industry, the more jobs that will become available for the talented workforce who help supply the demand for biotech products. To understand this area better and how it can be applied to other business sectors, Lindsay A Rosenwald of Fortress Biotech discusses the process and offers further tips on what to do in business and how that has impacted the current climate.
The envisaged mission
- Provide impetus to utilising the knowledge and tools to the advantage of Humanity
- Launch a major well directed mission backed with significant investment for generation of new Biotech Products
- Empower scientifically and technologically India’s incomparable Human Resource
- Create a strong Infrastructure for R&D and Commercialisation
- Establish India as a world class Bio-manufacturing Hub
The Key elements of the Strategy
- Building a Skilled Workforce and Leadership
- Revitalizing the knowledge environment at par with the growing bio-economy
- Enhance Research opportunities in basic, disciplinary and inter-disciplinary sciences
- Encourage use-inspired discovery research
- Focus on biotechnology tools for inclusive development
- Nurturing innovation, translational capacity and entrepreneurship
- Ensuring a transparent, efficient and globally best Regulatory system and communication strategy
- Biotechnology cooperation- Fostering global and national alliances
- Strengthen Institutional Capacity with redesigned governance models
- Create a matrix of measurement of processes as well as outcome
Targets
- Making India ready to meet the challenge of achieving US$100bn by 2025
- Launching Four Major Missions – Healthcare, Food and Nutrition, Clean Energy and Education
- Creating a Technology Development and Translation network across the country with global partnership-5 new clusters, 40 Biotech incubators, 150 TTOs, 20 Bio-connect centres
- Strategic and focussed investment in building the Human Capital by creating a Life Sciences and Biotechnology Education Council
