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Biotechnology in India: Report on Overview and Funding of the Biotech Industry in India

Access to Capital for Indian Biotech - Government Funding

In India, as it is in many developing countries, the number of financial institutions that want to invest in biotech industry is limited. The Government of India has tried to resolve this problem through the creation of the Biotechnology Consortium of India (BCIL) as a public company. This was set up in cooperation with financial institutions like IDBI (Industrial Development Bank of India) and ICICI (Industrial Credit and Investment Corporation of India) and 30 players in biotech industry. This conglomerate was created to perform the same functions a venture capital company performed in the US.

 

Biotechnology in India: Report on Overview and Funding of the Biotech Industry in India

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