KIHT approval comes after the launch of ‘National Biopharma Mission’ – an industry-academia collaboration for accelerating discovery research to early development for biopharmaceuticals.
The National Biopharma Mission includes an investment of $125 million from the Government of India and an equal contribution as a loan from the World Bank. It is anticipated to be a game changer for the Indian biopharmaceutical and medical devices industry.
Named after India’s 11th President Dr APJ Abdul Kalam, KIHT has been set up with the aim to identify critical gaps in medical technology and suggest the government to do focused spending on such areas and help bridge the gap between academic research and industrial market access, by auctioning of patents and prototypes available with government funded academic research institutions.
KIHT will broadly focus on innovation and market access, enabling technology transfer and support for research and development.
Located within AMTZ campus, India’s first state-of-the-art medical devices manufacturing park, KIHT will have direct access to academia and industry. Launch of KIHT is scheduled to be done soon by Andhra Pradesh Chief Minister N. Chandra Babu Naidu.