Biotechnology Innovation for Inclusive Growth: A Study of Indian Policies to Foster Accelerated Technology Adaptation for Affordable Development

43 Pages Posted: 20 Apr 2016

See all articles by K. Vijayaraghavan

K. Vijayaraghavan

affiliation not provided to SSRN

Mark A. Dutz

World Bank

Date Written: April 1, 2012

Abstract

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.

Keywords: ICT Policy and Strategies, Agricultural Knowledge and Information Systems, Rural Development Knowledge & Information Systems, E-Business, Agricultural Research

Suggested Citation

Vijayaraghavan, K. and Dutz, Mark A., Biotechnology Innovation for Inclusive Growth: A Study of Indian Policies to Foster Accelerated Technology Adaptation for Affordable Development (April 1, 2012). World Bank Policy Research Working Paper No. 6022, Available at SSRN: https://ssrn.com/abstract=2034149

K. Vijayaraghavan (Contact Author)

affiliation not provided to SSRN

No Address Available

Mark A. Dutz

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

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