BioVoice News eMag May & June 2024 | Page 22

Navigating the complexities : Do ’ s for the political parties

C O V E R S T O R Y

Navigating the complexities : Do ’ s for the political parties

• There is a need for well-defined strategies that address challenges and opportunities in these sectors , including research funding , infrastructure development , regulatory frameworks , and market access .
• Many politicians and policymakers may have limited awareness and understanding of the complexities of biotechnology , healthtech , and agritech . This can hinder the formulation of informed policies and hinder effective implementation .
• Bioscience require significant investment in infrastructure , technology , and human resources . Political parties need to prioritize investment in research institutions , healthcare facilities , and agricultural infrastructure to foster innovation and growth .
• Complex regulatory frameworks and bureaucratic hurdles can impede the growth of biotech , healthtech , and agritech industries . Political parties need to streamline regulations , ensure transparency , and create an enabling environment for innovation and entrepreneurship in these sectors .
• Startups and enterprises in biotech , healthtech , and agritech often face challenges in accessing adequate funding . Political parties need to facilitate access to venture capital , grants , and other forms of financing to support the growth of innovative ventures in these sectors .
• Biotech , healthtech , and agritech innovations must be accessible and affordable to all sections of society . Political parties need to ensure that policies prioritize inclusive development and address socioeconomic disparities in healthcare access and agricultural productivity .
• Traditional practices , vested interests , and resistance to change can hinde the adoption of new technologies and innovations in agriculture and healthcare . Political parties need to engage with stakeholders , raise awareness , and build consensus to overcome resistance and promote the adoption of modern practices and technologies .
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BioVoiceNews | May / June 2024