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BANGALORE: Biopharmaceutical major Biocon has set up an educational arm Biocon Academy with the objective of training and developing industryready talent for India's $11-billion biotech industry.
Projected to cross revenues of $100 billion over the next decade, the Indian biotech industry receives 40,000 graduates annually from over 725 biotech institutes in the country, of which only 2,000, or 5%, is employable.
"There is a very large gap that exists between the quality of human capital available and the need of the industry. If this sector aims for $100 billion in revenues, then it calls for a very large talent pool to enable us to achieve this goal," said Kiran Mazumdar-Shaw , CMD of Biocon.
The Biocon Academy has tied up with Keck Graduate Institute , Calif., to offer the Biocon KGI Certificate Program in Biosciences, for which the enrollment process has begun . While the 16-week program would cost Rs 6 lakh per graduate, Biocon will bring down the cost to Rs 1.5 lakh by offering scholarships. "We will offer a merit scholarship of 75% of the course fee for all students selected through an intensive selection process," said Shaw. Initially, Biocon Academy will have 25 students per batch, and have four batches in a year.
Sheldon M Schuster, president , Keck Graduate Institute, said, "Through our collaboration with the scientists and subject matter experts at Biocon , KGI has developed an applied , graduate level curriculum that will be focused on teamwork and will reflect current industry dynamics."
Biocon, with revenues of close to $500 million, has spent Rs 10 crore in setting up the Academy , and will incur expenditure of close to Rs 10 cr per annum by way of administration costs and scholarships.
http://timesofindia.indiatimes.com/business/india-business/Biocon-sets-up-education-arm/articleshow/25618534.cms
Projected to cross revenues of $100 billion over the next decade, the Indian biotech industry receives 40,000 graduates annually from over 725 biotech institutes in the country, of which only 2,000, or 5%, is employable.
"There is a very large gap that exists between the quality of human capital available and the need of the industry. If this sector aims for $100 billion in revenues, then it calls for a very large talent pool to enable us to achieve this goal," said Kiran Mazumdar-Shaw , CMD of Biocon.
The Biocon Academy has tied up with Keck Graduate Institute , Calif., to offer the Biocon KGI Certificate Program in Biosciences, for which the enrollment process has begun . While the 16-week program would cost Rs 6 lakh per graduate, Biocon will bring down the cost to Rs 1.5 lakh by offering scholarships. "We will offer a merit scholarship of 75% of the course fee for all students selected through an intensive selection process," said Shaw. Initially, Biocon Academy will have 25 students per batch, and have four batches in a year.
Sheldon M Schuster, president , Keck Graduate Institute, said, "Through our collaboration with the scientists and subject matter experts at Biocon , KGI has developed an applied , graduate level curriculum that will be focused on teamwork and will reflect current industry dynamics."
Biocon, with revenues of close to $500 million, has spent Rs 10 crore in setting up the Academy , and will incur expenditure of close to Rs 10 cr per annum by way of administration costs and scholarships.
http://timesofindia.indiatimes.com/business/india-business/Biocon-sets-up-education-arm/articleshow/25618534.cms
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