BIOOPPORTUNITIES:

Biotechnology is a prospective and suitable industrial segment for developing the full economic potential of the country.
this industry is still faced with a lot of challenges and  issues like proper infrastructure,HR issues and funding issues needed prompt response. However, funding for bio tech entrepreneurs is no longer  a problem, with several government and non government organization being set up in the country which provides support for the R&D in biotechnology.

1. DBT

The Department of Biotechnology (DBT), under the Ministry of Science and Technology was set up in 1986, this provided a new momentum to the development of the field of modern biology and biotechnology in India. Within a decade of its existence, the department has promoted and accelerated the pace of development of biotechnology in the country. It has created several R&D projects and infrastructural facilities for the growth and development of the industry with visible results. The department has made significant achievements in the growth and application of biotechnology in the broad areas of agriculture, health care, animal sciences, environment, and industry.
 Department of Biotechnology (DBT) interacts with scientists in order to utilize their academic expertise. There is a close interaction with the State Governments particularly through State S & T Councils for developing biotechnology application projects, demonstration of proven technologies, and training of human resource in States and Union Territories
A unique feature of the department has been the deep involvement of the scientific community of the country through a number of technical task forces, advisory committees and individual experts in identification, formulation, implementation and monitoring of various programs and activities.
In India DBT provides funding to several biotechnological projects. The proven technologies at the laboratory level are scaled up and field tested. Initiatives have been taken to promote transgenic research in plants, molecular biology of human genetic disorders, brain research, plant genome research, development, setting up of micro propagation parks and biotechnology based development for SC/ST, rural areas.


2.BCIL

The Biotech Consortium India Limited (BCIL) is promoted by the Department of Biotechnology, Government of India. It is financed by the All India Financial Institutions including IDBI, ICICI, IFCI, UTI and IFCI Venture Capital Funds Limited (formely RCTC) and the corporate sector including Ranbaxy Laboratories, Glaxo India, Cadila Laboratories, Lupin Laboratories, Kothari Sugars and Chemicals, Rallis India, SPIC, Madras Refineries, Zuari Agro, EID Parry, ACC and Excel Industries.
BCIL establishes linkages between R&D institutions and the industry to promote the commercially viable technologies. It also provides consultancy services like business plan preparation, market reports, workshops and entrepreneurs’ meets. They have clients belonging to diverse categories such as industry, entrepreneurs, government agencies, research institutions, universities and World Bank. Other activities include information dissemination, fund syndication, manpower training and placement related to biotechnology.


3. DEPARTMENT OF SCIENCE AND TECHNOLOGY

The Department of Science and Technology plays an important role in the promotion of science and technology of our country. It promotes basic research as well as the development of new technologies for the service of the country. Its main objective is to  install scientific temper amongst the scientific community and provide services for promotion of basic research in the country.



4. DEPARTMENT OF SCIENTIFIC AND INDUSTRIAL RESEARCH (DSIR)

The Department of Scientific and Industrial Research (DSIR) is a part of the Ministry of Science and Technology. The primary objective of DSIR is to promote R&D by the industries, support the small and medium industries to develop globally competitive technologies ,strengthen industrial consultancy & technology management capabilities, strengthen the information network to facilitate the scientific and industrial research in the country.