Apart from the
encouraging vibes, the
latest statistics too tell
us that Indian business
ecosystem is bubbling
with the new era of
startups. Particularly,
the bioscience sector has
witnessed a constant
dynamic situation with
one latest report even
putting the numbers at
1022 startups during the
last few years only. The
report, “India’s Biotech
Start-Ups Ecosystem”
by the Association of
Biotechnology Led
Enterprises (ABLE) says
that Rs 18,700 crore
investments happened in
just five years from 2012
to 2016.
“There have been
remarkable changes in
the confidence levels
of startups. The new
age entrepreneurs are
visibly smarter than
their predecessors.
Perhaps the environment
is friendlier now. The
government policies are
encouraging with more
investors turning towards
the sector,” said a Delhi
based Consultant of the
Angel Network that has
funded few startups in
the space.
If the home-grown praise
isn’t enough, let’s read
the words of Mr Yigal
Erlich, Founder of Israel’s
Yozma Group and the
man behind startup
movement in his country.
“The world changed after
India gave it the zero (0).
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 learning
and interact with budding
entrepreneurs and
innovators of India. India
is poised to become a
major biotechnology hub
in the world and sustained
support is crucial,” he had
mentioned during his visit
to India last year.
And the best startup
city is………
The ABLE’s report puts
Bangalore as the biotech
start-up capital of India
hosting 190 of the 1022
biotech start-ups formed
in the last five years.
At the same time, the
National Capital Region
(NCR) ranks second with
164 startups followed
closely by Mumbai (163)
and Hyderabad (160).
So are the dynamics
witnessing change.
If we look at the comfort
levels, the Bengaluru
seems to be the first
choice of most of
the young. The city’s
entrepreneur friendly
environment has
attracted them to begin
operations. May be the
climate is a factor too.
Hyderabad which hosts
the Genome Valley is
another favorite spot
down south. However,
it hasn’t attracted the
startup crowd as much
as Bengaluru.
Delhi being the national
capital should have been
the ideal choice. The
metro link to Gurgaon
and Noida where most
of the IT companies are
based, could have hosted
incubators but this hasn’t
really been possible until
now. The Indian Institute
of Technology, Delhi has
been the birthplace for
many bioscience startups
because of the presence
of FITT.
Last but not the least,
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