Vijayaragahavan, K and Dutz, Mark A. Biotechnology Innovation for Inclusive Growth: A Study of Indian Policies to Foster Accelerated Technology Adaptation for Affordable Development. Policy Research Working Paper 6022. The World Bank Poverty Reduction and Economic Management Network, Economic Policy and Debt Department. April, 2012.
A product of the Economic Policy and Debt Department, Poverty Reduction and Economic Management Network, this paper describes and analyzes a series of complementary policy initiatives in India to adapt and commercialize existing global biotechnologies to meet local needs in healthcare, agriculture, industry and the environment in a more affordable manner. This evolving approach has been implemented through six complementary elements, namely (1) translational research; (2) technology access through global consortia; (3) commercialization supported by public-private partnerships, broadly interpreted; (4) skills development; (5) regulation; and (6) institutional governance, including special purpose vehicles, for effective project management. The paper focuses on two public-private partnership initiatives, the Small Business Innovation Research Initiative and the Biotechnology Industry Partnership Program, which together have allocated more than US$70 million in public funding to almost 150 projects, contributing to a total public-private investment of more than $170 million over the past five years.
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