Maharashtra

The government of Maharashtra announced in its biotech policy 2001 that it will set up a special Biotechnology Development Fund with an initial corpus of Rs 50 crore with a public-private partnership. And this fund will receive annually a specially earmarked contribution of one percent from the annual plan funds from different departments of the state government, who are likely to be the beneficiaries of the biotechnology revolution. Grants and donations from overseas for financing different ventures can further augment the fund. The government has already allotted Rs 10 crore for the development of biotechnology in the state.

Contact: Vishwas Dhumal, Secretary

Industries Department, Government of Maharashtra

Mantralaya, Mumbai –400 032

Phone No: (022) 2202 5393, 2202 7281

E-mail: vsdhumal@midcindia.org

Gujarat

The government has already announced the setting up of the Biotech Venture Capital fund with a corpus of Rs five crore. Besides state government’s contribution, the Gujarat Venture Finance Ltd (GVFL) will pool in the same amount. With equal contribution from GVFL it will become a total of Rs 10 crore. If it is a successful in the first year, the government may release more funds in the next year.

The government has also allocated one crore rupees fund for this fiscal to promote a large network of labs and related infrastructure to boost the biotechnology in the state. The fund will be used to prepare feasibility studies and project reports for setting up appropriate institutions in the area of biotechnology in Gujarat.

Contact: Rajesh Kishore, Secretary, Department of Science & Technology, Government of Gujarat

Block No 7, 5th Floor, Sachivalaya, Gandhinagar – 382 010

Phone No: (079) 325 0321

E-mail: secdst@gujarat.gov.in

Karnataka

Government of Karnataka has already announced the creation of biotech fund of Rs 50 crore in its Millennium Biotech Policy 2001 with suitable contribution from the biotech industry. But the government is still holding back the creation of the corpus fund. This fund shall certainly be very useful for small and medium scale biotech startups.

Contact: Vivek Kulkarni, Secretary,

Department of IT and BT, Government of Karnataka

No. 9, 3rd Floor, UNI Building, Thimmaiah Road,

Miller Tank Bed, Bangalore- 560 052

Phone No: (080) 226 2466, 226 2450

E-mail: itsec@bangaloreit.com

Andhra Pradesh

The government of Andhra Pradesh has set up a Biotech Fund of Rs 10 crore for the development of the industry in addition to providing financial incentive package. Andhra Pradesh Industrial Development Corporation (APIDC) Venture Capital Ltd, a joint venture between the APIDC and Dynam Venture East of USA, will provide venture capital to biotech start ups and will allocate a major part to the biotech sector including bioinformatics, with preference to biotech park users.

Contact: BP Acharya, Secretary,

Industries and Commerce Department, Government of Andhra Pradesh

A-Block (5th floor), secretariat,

Hyderabad- 500 022

Phone No: (040) 2345 0456, 2345 0508

E-mail: secy_indsap@yahoo.co.in

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