Biotech Startups Shifting Gears in the Medical Innovations
Biotech Startup Ecosystem: Biotechnology can be spelled as the manipulation of living organisms to create commercial products, and this industry is largely divided into the medical and agricultural markets. Over the time, the country is witnessing a rising shift of biotech startups, who are playing an increasingly impactful role in medical innovation, drug discovery and development by shifting gears in the medical innovations. While larger pharmaceutical organizations have traditionally facilitated drug development and launches, the last three years have seen more than 40 percent of new active substances both originating and launching from biotech startups.
Status of Biotechnology in India: The Indian Bio economy has witnessed a manifold increase in valuation in the past ten years, and today, India is among the Top 12 destinations for biotechnology worldwide and 3rd largest destination for biotechnology in Asia Pacific. As per a report by Investinindia, in 2022, India’s Biotechnology industry has crossed $80.12 billion, growing 14 percent from the previous year with COVID-19 giving the industry a muchneeded boost. Today, India is poised as one of the leading destinations for bio innovation and biomanufacturing.
Growth Factors: There are a myriad of factors which have vitally...
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 | Acasta Health | A young firm leading innovatio in biologic productsthat focuses on the study and creation of cutting-edgetreatments for some of the most common degenerativeillnesses of aging |
 | Akon Scientifec | A biotech startup holding an upper hand in providingclients with better quality reagents and services inmolecular biology and mRNA drug discovery |
 | Biospecimen Solutions | A business organization having extensive and qualifiedinvestigative network and tie up with hospitals or sitesthroughout the country which enables in identifyingpotential sites for its clients |
 | Biotechticle Research | A medical-biotechnology startup provides e-learningmaterials from basic to advanced, new research articles,discoveries, and innovations |
 | EdubioSkills | A startup in educational biology space, with a vision tobring a change in the approach to teaching and learningbiology from Schools to Universities and research labs todiagnostic centers |
 | Foresight Biotech | A research & development company comprises ofenthusiastic team having expertise in the field ofcomputer science, biotechnology, bioinformatics,synthetic biology, and computational bio-moleculedesign |
 | IKP Eden | A startup incubator that focuses on wet lab research (forbiology, biotech and chemistry, and also helps startupsby raising grant funds from different organizations |
 | Mestastop Solutions | A biotech firm diving deep into metastasis research todesign and develop platforms that have the capability ofidentifying the risk of metastasis in cancer patients, andidentify novel intervention strategies to delay metastasis |
 | Procyto Labs | A biotechnology company formed with an objective tomake high quality and affordable research products andmolecular biology and diagnostic kits |
 | Viyen Biotech | The firm provides good quality products of biostimulators,nanofertilizers, bio-enhancers, andbiofertilizers through ideal R&D for a liable crop yield atvariable Indian and International agriculture regions |
