Bio Technology in Karnataka

Introduction

Biotech can be defined as any technique, product or process which uses or is derived by using any living system (plant, animal or micro-organism), to make or modify a product, to improve plants or animals, or to develop microorganisms for specific use.

After establishing itself as a IT and BPO hub, Karnataka has successfully attracted the BioTech industry. As of Q1 2004 Bangalore currently houses 92 of India's 180 biotech companies, with total actual investments of over Rs 1,000 crore, of which Rs 140 crore has been venture capital funding. The companies are encouraged to invest thanks to the presence of large R&D institutions like Indian Institute of Science and the National Centre for Biological Resources. However, it is sure to face a lot of competition from media savvy Hyderabad.

Bangalore Helix

Bangalore Helix is a biotech cluster being planned by the Karnataka government. Bangalore Helix would support biotech units with common infrastructure. It would comprise eight biotech incubators, covering a total area of 10,000 square feet. Excluding the cost of land (around Rs 60 crore) that has already been acquired, the cluster will involve an investment of Rs 100 crore.

The infrastructure support would be comprehensive, right from advance computing facilities to treated water necessary for biotech research. The incumbents of Bangalore Helix would pay for the infrastructure services.

Some of the well known companies are:

Companies that provide equipment and solutions for the biotech industry

Related sites

Also See

Mysore Palace

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