The Entrepreneurship Development and Innovation Institute, Government of Tamil Nadu (EDII) and Tamil-Nadu Agricultural University (TNAU), Coimbatore jointly organized a Conference with the theme of ‘Leveraging Herbal Research for Bio-Entrepreneurship’. Department of Biotechnology, Government of India collaborated in this initiative as a knowledge partner. The main thrust of the conference is to Promote R&D on herbals as a potential bio-entrepreneurship opportunity.
The workshop was inaugurated in splendour by Dr.P.M.Murali, Chairman, Golden Jubilee Biotech Park, President (Association of Biotechnology Led Enterprises) and MD & CEO of Evolva, Dr. Mohd Aslam, Advisor, Department of Biotechnology, Dr. Shakthi Vinay Shukla, Director, Fragrance & Flavour Development Centre (FFDC), Ministry of MSME, Govt. of India and Tmt. Shajeevana, Additional Director, EDII.
On 11th October 2017, students and entrepreneurs were given hands on training and business plan preparation guidance. On 12th October 2017 the panel sessions were held and deliberated on:
- Key strategies in terms of regulatory guidelines, research material availability, potential technologies for commercialization etc for emerging start-ups in this area.
- The current herbal industry landscape in India, its role in advancing development, and the future potential for this sector.
- The natural resources, research monographs and other key research highlights in this area to provide the state-of-art.
The event brought together about 200 participants to discuss opportunities, collaborate and prepare a joint action plan for catalysing Tamil Nadu’s growth as a leading hub for bio-entrepreneurship. The participants included policy makers, eminent biologists, Government officials, university/college delegations, industry representatives, research fellows, students, start-up entrepreneurs and so on.
India is one of the richest countries in the world in terms of biodiversity, has 15 agro-climatic zones. Tamil Nadu ranks 1st among all the States in the Country, and also nearly 1/3rd of the total flora of India. Medicinal plants are not only a major resource base for the traditional medicine & herbal industry but also provide livelihood and health security to a large segment of Indian population. India is among one of among the top 12 biotech destinations in the world with over 800 companies and the industry growth is primarily driven by vaccines and recombinant drugs. However biotechnology based natural product research and development has huge potential. With the new guidelines on phytopharmaceuticals the industry is poised for higher growth. Therefore this workshop was organized to provide a platform for knowledge sharing between key stakeholders and identified the scope and challenges of bio-entrepreneurship through the R&D on herbal remedies.