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Biotech StartUps up from 50 to 5,000 in eight years: Dr Jitendra

Post by on Friday, June 10, 2022

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New Delhi, June 09: Union Minister of State, Dr Jitendra Singh Thursday revealed that the number of Biotech StartUps in the country have increased from 50 to over 5,000 in the last 8 years, because of the support and enabling milieu provided by Prime Minister NarendraModi ever since he took over in 2014. It is expected to cross the figure of 10,000 by 2025, he added.
In his address at the "Biotech Startup Expo 2022", Dr Jitendra Singh said, Biotech Startups is a rapidly growing sector, which through innovative solutions, creates jobs with direct societal connections. He said, Biotech as a tool has wide applications not only in medical sciences but also in agriculture, animal sciences, pharmacology, forensic sciences etc.
The Union Minister said that Biotechnology is the key enabling technology driving bio-economy that is recognized as a sunrise sector. He informed that India is ranked 12th in the world in biotech, 3rd in Asia-pacific and the largest vaccine manufacturer in the world.
Government through AatmaNirbhar Bharat is promoting biotech innovation missions and entrepreneurship, leveraging the strength of strategic partnership, and building capacities across the country, said the Minister.
Dr Jitendra Singh said, despite the challenges posed by the COVID-19 pandemic, the biotech sector particularly in R&D of vaccines, diagnostics, therapeutics has shown to the world that India has been on the forefront fighting the pandemic and bringing out solutions not only for itself but for the whole world. He said, with the clarion call issued by Prime Minister for an AamaNirbhar Bharat, the entire innovation and biotechnology industry, both large and small have risen to the occasion. From large manufacturers to young start-ups, the innovation ecosystem in the country have come together to provide solutions for India and the world. The Minister emphasized that today, India is self-sufficient in most of the products required to manage the pandemic and we need to keep this momentum going to address all the challenges.
The Biotech Startup Expo-2022 will showcase 75 successful Biotech Startups with products in the market, 75 Specialized Biotech Incubation Centres. In addition, 75 Startups from DPIIT, IITs, DST and University Pool will participate in this Expo. Further, the event brings together Startups, innovators, SMEs, Industry leaders, Academia, University & National research institutions, policy makers along with experience sharing by Unicorns; B2B Meetings.
 
 
 

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