Driving India’s Biotech Future: Collaboration Between BIRAC and IVCA at Global Bio-India

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 roundtable convened 25+ leading biotech experts, policymakers, industry leaders, domestic and global investors to explore emerging trends and investment opportunities in India's burgeoning biotechnology sector. The discussion, chaired by Vishwajeet Sahay, Additional Secretary and Financial Advisor, Department of Biotechnology, India, and co-chaired by Dr. Manish Diwan, Head - Biofoundry, NCR Biotech Cluster & IVCA at BIRAC, Mission Director - Make In India Biotech sector, Department of Biotechnology, Government of India, spotlighted the increasing need for growth-stage capital to support biotech startups with longer gestation periods.

Investors emphasized that co-investment strategies and mobilizing domestic capital pools are critical to scaling biotech ventures in India. Commenting on the outcomes of the roundtable, Dr. Manish Diwan noted the importance of fostering a supportive investment environment.