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Preparing Bio-Entrepreneurs: A Case Study
Abstract
The Indian life science industry broadly comprises manufacturers and service providers. The manpower for both these sectors has to come through the institutes of higher education, mainly the universities. In order to create newer jobs, encouraging start-up enterprises is very much essential. The present day university life science education prepares graduates to work in a pre-set and defined industrial or academic set up. Planned and informed guidance, mentoring, and hand-holding are required for graduate students to inculcate the passion for an enterprise. During their coursework, igniting a flame of entrepreneurship, motivating them to become their own boss and creating conducive environment to establish a business could significantly contribute to the socio-economic growth of a society. The well-coordinated efforts of industry heads, university professors, corporate associations, and governmental departments could bring about radical and far-reaching changes in setting-up industries by fresh bio-graduates. This case study throws light on how the existing system can modify its course work to achieve this goal and how an industry-academia-government alliance can play a significant role towards this initiative on entrepreneurship.
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