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IKP Knowledge Park Deepanwita Chattopadhyay MD & CEO. Erstwhile ICICI Knowledge Park. The Changing Global Life Sciences Industry. Key Issues Need to reduce “ time to market ” Need to sustain profitability Disease and healthcare management Leading to Changing industry structure
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IKP Knowledge Park Deepanwita Chattopadhyay MD & CEO Erstwhile ICICI Knowledge Park
The Changing Global Life Sciences Industry • Key Issues • Need to reduce “time to market” • Need to sustain profitability • Disease and healthcare management • Leading to • Changing industry structure • Small innovative companies becoming important players • Research Alliances & Outsourcing • Including global partnering across the value chain • Mergers & Acquisitions • Emerging service areas and business models • Increasing Public Private Partnerships Erstwhile ICICI Knowledge Park
Indian Response • Increased focus on R&D – both public and private • Increased focus on CRAMS (including biologics) • Acquisition, Joint Ventures • Life Science focused VC funds • Shared wet lab infrastructure - Biotech Parks, incubators, biotech clusters, SEZs Erstwhile ICICI Knowledge Park
What Science Parks & Incubators Offer? • Generally infrastructure driven shared facility offering innovation driven SMEs and startups the right location and fulfilling some of the other listed needs • Shared infrastructure & admin support lowering overheads • Low capital investment – ready to use infrastructure • Network creation and international knowledge flow • Competitive environment • Facilitating Technology Transfer, fundraising, marketing • Mentoring for incubatees • Knowledge building • Can be government driven, private initiative, public-private partnership or university led • Government’s role in removing entry barriers crucial Erstwhile ICICI Knowledge Park
Elements of a Bio Cluster Lifesciences R&D Institutions with strong industry Linkages Life Science Parks/ Incubators to nurture SMEs Biotech and Pharma anchor companies, Innovative SMEs, Startups BIO CLUSTER Support Services Companies – vendors, equipment suppliers, law firms Good common Infrastructure, hospitals, animal house, regulations Monitory incentives, Tax breaks, Grant, Bank loan, Seed Fund, VC Erstwhile ICICI Knowledge Park
Cluster Development Models • One or a combination suitable based on economic, industrial and innovation environment of the region • Availability of Science Park/incubator accelerates seeding of entrepreneurs Erstwhile ICICI Knowledge Park
Indian Life Science Clusters • NIPER • PGI Chandigarh • IMTECH • IISER • Proposed Agri Biotech Park • DBT, DST, CSIR, DP, ICMR, ICAR • Translational Health Sciences Cluster • National Institute of Immunology • ICGEB • Institute of Genomics & Integrative Biology • National Brain Research Centre • JNU, Delhi University • PERD, NIPER • Savli Biotech Park • Proposed Biotech Park in Ahmedabad • MS Univ Baroda • CDRI, IITR, CIMAP, NBRI • Lucknow Biotech Park • Indian Inst of Chemical Biology • IIT Kharagpur • Bose Institute • Dept. of Biotechnology, CU • IISER, DBT Institute, Haringhata • TIFR • IIT Bombay, Univ of Mumbai • National Chemical Laboratory • National Centre for Cell Sciences • Pune University, IISER • International Biotech Park • Indian Institute of Chemical Technology • Centre for Cellular & Molecular Biology • Centre for DNA Fingerprinting & Diag • National Institute of Nutrition, ICRISAT • University of Hyd, Osmania Univ • IKP Knowledge Park, SP Biotech Park • AIBA, FABA • Indian Institute of Science • National Centre for Biological Sciences • Jawaharlal Nehru Centre for Advanced Scientific Research • University of Agricultural Sciences • Stem Cell Institute • IBAB, ABLE • Anna University • IIT Madras • TICEL Biotech Park • Women’s Biotech Park Erstwhile ICICI Knowledge Park
Lifescience Innovation Ecosystem of Hyderabad • 600 sq. km in three blocks around Hyderabad designated for life sciences growth - Genome Valley • Life Sciences R&D institutions • CCMB, IICT, CDFD, NIN, ICRISAT, ILS, Univ of Hyderabad, Osmania University etc. • Biopharma Companies • Dr. Reddy’s Laboratories, Shantha Biotechnics, Indian Immunologicals, Bharat Biotech, Biological Evans, Suven Life Sciences etc. • Contract Research Organisations • Vimta labs, GVK Biosciences, Sai Advantium,, Aptuit Laurus etc. • Hospitals, clinicians involved in R&D and clinical research • Dedicated biotech fund - APIDC Venture Capital • 3 operational Life Science Parks, 3 under development • 4 operational incubation centres
IKP Knowledge Park • India’s first Wet Lab Research Park in Hyderabad • Mission : To create a world-class centre for leading-edge business-driven research • Objective : To encourage and nurture an environment for innovation by developing a life science park • Focus areas : biotechnology, pharmaceuticals, new materials and telecommunications • Founders : ICICI Bank & Govt Andhra Pradesh • Structure : Not for profit • Ownership : 100% by IKP Trust • Operational : Since June 2000 • On Offer : Land, lab space, Incubator (lab, equipment, mentorship, seed fund) Erstwhile ICICI Knowledge Park
What IKP Offers • Ready-to-use modular wet laboratories • Core, Shell & Utilities and fully furnished options • 84,000 sq ft of lab space in 140,000 sq ft of building operational • Developed land to create custom-built researchcentres • Around 66 acres for 51 years lease • Incubation Facility for Startups Erstwhile ICICI Knowledge Park
Profile of Resident Companies • 42 companies/organisations so far • 12 Graduated • 30 Present - 26 residents, 2 R&D Centres taken land, 2 Associate Companies • 75% into product /technology development • 22% Contract Research Companies; 3% Regulatory • Over 70 patents filed /granted Israeli Erstwhile ICICI Knowledge Park
Companies at IKP Erstwhile ICICI Knowledge Park
IKP Innovation and Growth Strategy Science Park Incubator ICTPH, ICAAP India Innovation Fund Commrl. of Research from R&D inst. Validation of Grassroots Technologies Expansion through collaboration 2000 2006 2008 2009 2010 Erstwhile ICICI Knowledge Park
Life Science Incubator (LSI) • Objective • To nurture innovative startup R&D companies, spin offs and technopreneurs in life sciences and thereby increase the competitiveness of the region and the country • Thrust Areas • Pharmaceuticals, biotechnology, medical diagnostics, chemistry • Structure • Centre within IKP with independent BOG • Part Funded by NSTEDB, DST, GoI • Operational since January 2006 Erstwhile ICICI Knowledge Park
Received Best Incubator Award, 2007 Erstwhile ICICI Knowledge Park
India Innovation Fund • IKP Knowledge Park has partnered with NASSCOM to establish an early stage Venture Fund • India Innovation Fund (IIF) • Objective: To support IP based innovative companies during its proof of concept stage and make them ready for the VC market • Focus areas: Information Technology and Life Sciences • Asset Management Company: IKP Investment Management Company Pvt Ltd. • Total Amt: Rs 100 crore (USD 22.5 mn) • First closing at Rs 40 crore (USD 9 mn) Erstwhile ICICI Knowledge Park
Garden of Life Erstwhile ICICI Knowledge Park
Thank You Erstwhile ICICI Knowledge Park