Kerala to promote Entrepreneurship in Biotech industry: Industries Minister


Trivandrum: Kerala will do everything possible to promote and support entrepreneurship in the biotechnology sector. This was announced by the Minister for Industries, Shri E P Jayarajan while inaugurating a ‘Bio-entrepreneurship Meet’ organised by the Kerala State Industrial Development Corporation (KSIDC) in Thiruvananthapuram today, as part of its ongoing initiatives in promoting biotech industry and entrepreneurship in the State.

In his address, the Minister also said that the Government would bring out a new Industrial policy that will encompass the comprehensive development of various sectors including biotechnology and encourage entrepreneurship in all these sectors.

According to Dr. Beena, MD, KSIDC, “Indian biotechnology sector is one of the fastest growing knowledge-based sectors in India and is expected to play a key role in shaping India’s rapidly developing economy. With numerous comparative advantages in terms of research and development (R&D) facilities, knowledge, skills, and cost effectiveness, the biotechnology industry in India has immense potential to emerge as a global key player. With state-of-the-art facilities, Thiruvananthapuram can evolve as a hub of industry and R&D in BT / Life Sciences.”

The key note address was delivered by Dr Shirshendu Mukherjee, Mission Director of Biotechnology Industry Research Assistance Council (BIRAC), GoI. The meet was also addressed by eminent speakers representing Research Institutions and Industry from both Public & Private sectors.

A panel discussion on ‘Public Private Partnership in Technology Commercialization’, the role of Government, Industry, Scientific Community and Academia to accelerate technology commercialization was held. The meet brought together leading professionals in the biotech sector, start-up companies, and leaders from biotech institutions and academia.

The meet was beneficial for researchers, scientists, students, start-up companies in the field of Biotech / Life Sciences sector who are looking for solutions associated with challenges in Innovation acceleration and commercialization of technology.

It may be recalled that in its efforts to boost entrepreneurship in Science & Technology sector, KSIDC has provided financial assistance to set up a Technology Business Incubator in Medical Devices sector at Sree Chitra Tirunal Institute for Medical Sciences & Technology (SCTIMST) in Trivandrum.

Paul Antony IAS, Additional Chief Secretary (Industries); and B Jyothikumar, ED, KSIDC were also present.

Kerala Biz News


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