cover story
“
India is known for its contribution to
invention and innovation. There is a lot
that Israel and India can learn from each other.
After overseeing an entrepreneurial and
innovation revolution in Israel, I
am glad to be able to share
our learnings and interact with
budding entrepreneurs and
innovators of India.
Mr Yigal Elrich, Founder, Chairman and
Managing Partner, Yozma Group, Israel
Can’t do without an enabling
ecosystem!
The best way forward to
implement the strategy is to
create a sustainable innovation
ecosystem for budding and
existing entrepreneurs. And how
do we create that ecosystem? One
expert calls it a mixture of
knowledge, innovation and
entrepreneurship. “You require
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BioVoiceNews | October 2016
good universities and basic
infrastructure to create that
ecosystem. Basic matter! It can’t
be just talk but the freedom to
think, convey and convert ideas,”
he said.
“15,000 startups for 1.5 billion
population is a tip of an iceberg. Out
of that only 2000 startups in biotech
with just 200 incubators. So, we need
more fellowships, more incubation
spaces,” stated Prof Ashutosh
Sharma, Secretary, Department of
Science and Technology who
stressed on need to broaden basic
innovation ecosystem.
“Conviction, determination,
truthfulness and madness defines
entrepreneurship,” opined Dr
Harsh Vardhan, Union Minister
for Science and Technology
recently while attending the
DBT’s Biotechnology Industry
Research Assistance Council
(BIRAC) Innovators Meet. Calling
India as the land of innovations
where large number of
entrepreneurs and innovators are
showcasing their ideas, Dr
Vardhan said the government is
trying to do its best. “As per the
vision of the Prime Minister, this
government is doing everything
within its power to give Indian
entrepreneurs a platform to take
their ideas to the world and vie
with the best.”
While no doubt this is the most
opportune time for right people to
grab the ideal ecosystem, at the