BIOENTREPRENEURSHIP IN INDIA

India is among the world's top 12 biotech powers. The industry is growing at a rate of 25 per cent. India has more biotech companies than Japan, Taiwan or Korea. By 2010, India is expected to generate $5 billion in revenues from biotech. The sector will create more than one million jobs in India in the next five years. Top global companies now look at India as the partner of choice.

However the concept of “ bioentrepreneurship” is fairly new in India. Scientist in our country still follow the traditionalresearch culture, they have not completely moved out from their safe zone yet.

Although the need for academic excellence is understandable, but right now the need of the hour is to provide safe, affordable healthcare solutions that can be used to save millions of lives. This is the major work on the shoulders of the bioentrepreneurs today. Every bioentrepreneur should try to find a market for his research, while he is working on a basic research he must develop products of commercial value.

Every bioentrepreneur must thoroughly understand the grassroots of biotechnology sector such as research, collaboration, infrastructure, technology and commercialization capital and come up with an alternative business model to achieve success

The top 10 biotech companies in India.


Rank

Company

Biotech Turnover(Rs Crore)

Growth (%age)

Link

2004-05

1

Biocon

646.36

28.76

http://www.biocon.com/

2

Serum Institute of India

565

2.73

http://www.seruminstitute.com/

3

Panacea Biotec

217.29

45.83

http://www.panaceabiotec.com/index.html

4

Venkateshwara Hatcheries

188

113.64

http://www.venkys.com/

5

Mahyco Monsanto

166.4

208.15

http://www.researchandmarkets.com/reports/329336/

6

Novo Nordisk

135

22.73

http://www.novonordisk.com/

7

Rasi Seeds

86.87

-

http://www.rasiseeds.com/home.html

8

Aventis Pharma

84.3

15.48

http://www.aventispharmaindia.com/

9

Bharat Serums

81

1.66

http://www.bharatserums.com/

10

Chiron Behring Vaccines

78

16.42