As India aspires to reach a $100 billion bioeconomy by 2025, it is important for India to build a platform for bio-innovators to incubate, conduct research and launch products. Innovative ideas in basic science, translational research, product development, and commercialization in particular are in dire need.
Unless bio-innovation hubs with enhanced capabilities are given priority, the scientific and tech development in the country are bound to face huge delays in their speed to implementation. More recently, India has joined forces with 40 bio incubators to facilitate further growth of the biotech ecosystem, providing these start-ups with the required technical, business, financial and regulatory mentors.
However, there are other areas where further improvements are urgently needed, including:
1. Revamping education curriculum in colleges
2. Facilitating access to higher quality laboratories for students and innovators
3. Supportive economic and financial ecosystems
4. Industry-Focused Engagement and Events