Why Are we here ?

24th October 2010

A global study¹ suggests that Career paths of innovative ventures follow a variety of routes, with the most preferred route being those who have passed out of universities and are gathering practical experience. Such practical experience may be scientific apprenticeship, doctoral research, etc. Other routes being experienced personnel of existing firms starting off with an idea, or persons coming directly to innovation post their university degree. These start-ups are a potential source of numerous minor and major innovations in innovative clusters.

However promotion of such start-ups is almost a no-no in this otherwise lead cluster of India. From the viewpoint of innovation, the pharmaceuticals and medical device industry face various challenges that are attributed to lack of enabling conditions for the promotion of start-ups, insufficient idea pool, limited knowledge of IPR system, weak linkages with support funds, conventional management techniques, limited access to infrastructure, lack of interaction with users and understanding their view points, lack of interaction with matured innovation systems, etc. In lieu of the above shortcomings, the Foundation for MSME Clusters along with other local organisations are carrying out various interventions to strengthen the ecosystem that promotes innovation in pharmaceuticals, medical devices clusters of Gujarat.

[1] “Biopreneurs: The Molecular Millionaires, Ryan Vaidya & Miyuki Shitratani