Biotechnology Innovation for Inclusive Growth : A Study of Indian Policies to Foster Accelerated Technology Adaptation for Affordable Development
This paper describes and analyzes a series of complementary policy initiatives in India to adapt and commercialize existing global biotechnologies to meet local needs in healthcare, agriculture, industry and the environment in a more affordable man...
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| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2012/04/16200115/biotechnology-innovation-inclusive-growth-study-indian-policies-foster-accelerated-technology-adaptation-affordable-development http://hdl.handle.net/10986/6025 |
| Summary: | This paper describes and analyzes a
series of complementary policy initiatives in India to adapt
and commercialize existing global biotechnologies to meet
local needs in healthcare, agriculture, industry and the
environment in a more affordable manner. This evolving
approach has been implemented through six complementary
elements, namely (1) translational research; (2) technology
access through global consortia; (3) commercialization
supported by public-private partnerships, broadly
interpreted; (4) skills development; (5) regulation; and (6)
institutional governance, including special purpose
vehicles, for effective project management. The paper
focuses on two public-private partnership initiatives, the
Small Business Innovation Research Initiative and the
Biotechnology Industry Partnership Program, which together
have allocated more than US$70 million in public funding to
almost 150 projects, contributing to a total public-private
investment of more than $170 million over the past five
years. The authors' key recommendation, to ensure
effective resource use and better policy impact, is for
these innovation-support initiatives to adopt more
continuous monitoring with quicker feedback from learning to
implementation, and more rigorous impact evaluation
including approaches that allow the results of firms
benefiting from support to be compared with an appropriate
group of firms not benefiting from support. |
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