Driving India's Biotech Future: Insights from IVCA and BIRAC at Global Bio-India
Exploring Funding Avenues in Biotechnology
NewsVoir reports that on September 18, the Indian Venture and Alternate Capital Association (IVCA), in collaboration with the Biotechnology Industry Research Assistance Council (BIRAC), hosted a pivotal roundtable at Global Bio-India 2024. The event gathered over 25 leading biotech experts, policymakers, and global investors to discuss emerging trends in the booming biotechnology sector of India.
Key Insights from the Roundtable
- The discussion emphasized the growing need for growth-stage capital to support biotech startups.
- Co-investment strategies were highlighted as essential for scaling ventures.
- Mobilizing domestic capital pools is critical for the success of the biotech industry.
Commenting on the discussions, Dr. Manish Diwan, Mission Director of the Make in India initiative for the biotech sector, stressed the importance of these funding strategies for the sustainability of biotech ventures.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.