Covid-19 expanded biotech scope: Biocon Chief

BENGALURU: Biocon executive chairperson Kiran Mazumdar-Shaw said the Covid-19 pandemic has created many opportunities for the biotech industry and that she expects the National Bio-Entrepreneurship Competition (NBEC) to come up with great ideas in biotech, bio-medtech and other related areas.

“This year has seen a surge in the number of bio-IT, bio-medtech companies and biotech companies … this is the most sought-after sector and many venture funds are looking to invest in,” she said while addressing the winners of NBEC virtually. The competition is an exciting platform to capitalise on this, she added.

The competition, organised by the C-CAMP, is a nationwide platform for bio-entrepreneurs to showcase high-impact, deep-tech business ideas in the life sciences and biotech areas.