Indian biotech sector readies for liftoff

The Indian government has unveiled bold plans to rekindle its homegrown biotech industry, allocating Rs. 24 billion ($372 million) for 2018–2019, the Department of Biotechnology (DBT) announced on February 1. The new spending will support 300 to 500 startups a year—aiming to reach 2,000 by 2020—two bioclusters, 15 bioincubators and three regional entrepreneurship centers. The earmarked funds will also help support 150 technology transfer offices and 20 ‘Bioconnect’ offices dedicated to providing access to incubators, mentors, investors, know-how and connections with the international market…

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Fonte: 380 VOLUME 36 NUMBER 5 MAY 2018 NATURE BIOTECHNOLOGY