The Ministry of Science and Technology is looking to encourage the life sciences education, research and entrepreneurship in the country.
The Department of Biotechnology is in the process of drafting a “National Biotechnology Development Strategy II.”
Y.S. Chowdary, Minister of State for Science & Technology and Earth Sciences, said, “The strategy seeks to address a number of identified challenges in terms of tailor-made human capital for scientific research and entrepreneurship; research priorities, resources, and core facilities.”
Other areas to be addressed by the strategy include creation of investment capital; intellectual property regime; technology transfer, absorption, diffusion and commercialization; regulation standards and accreditation; biotechnology partnerships between public and private sectors both nationally and globally and public understanding of biotechnology.
“The draft policy is currently under discussion with all senior experts and stakeholders for finalization before release,” the Minister added.