Launched in April 2003 , the Association of Biotechnology Led Enterprises was formed after industry leaders felt a need to form an exclusive forum to represent the Indian biotechnology sector . ABLE has over 400 members from all across India representing all verticals of the sector . It catalyzes a symbiotic interface between the industry , the government , academic and research institutes and domestic and international investors .
need is BIRAC ’ s version 2 and 3 for the things which haven ’ t been covered so far .
Has the scenario on technology transfers from academia to industry improved ?
I don ’ t think it has improved at all . I wish it would change but the fact is that it is still in infancy here . While DBT is putting efforts to get into changing the scenario , the CSIR too must do as well .
What are the top priorities of ABLE in boosting the sector ’ s potential ?
We have been proactive on biosimilars because it has got great future and surely has an edge . Besides that , we are focusing on regulatory framework of stem cells , synthetic biology etc . All the new emerging areas can contribute tremendously in overall growth of the biotech sector . It is ultimately what the PM Modi said . ‘ The more you do the business , economy develops and so does the sector on its own ’ It is self-fueling . Once we have successful industries to showcase , the template is developed for other success stories to follow .
The startup ecosystem has really picked up . 1022 startups in five years and 1020 expected in another five years is exciting . ABLE is optimistic about the growth of this sector in the coming decade .
A look at ABLE ’ s history !
Launched in April 2003 , the Association of Biotechnology Led Enterprises was formed after industry leaders felt a need to form an exclusive forum to represent the Indian biotechnology sector . ABLE has over 400 members from all across India representing all verticals of the sector . It catalyzes a symbiotic interface between the industry , the government , academic and research institutes and domestic and international investors .
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