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Ramona SouZsa's avatar

Whoa! This is so good. This must be extended to Life Sciences...we have good science sitting on the shelves of our institutes. Just not enough risk money to innovate. Thank you for this. If you ever want to cover the Life Science ecosystem in India...please reach out to me. . ramona@ignitelsf.in.

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D K Nair's avatar

The real issue is attitude. Our universities will take decades to change gear from teaching to research. Besides funding, building up the requisite faculty will also be a problem, in the unlikely event of some of them really trying. But we do have some large business establishments which can focus on research. They won't, basically because they are looking for quick returns. The lack of affordable credit on long term basis may be one factor behind this attitude. Many researches in the West might have spent millions of dollars before they got abandoned as failures. Such cost is loaded to the subsequent successfully researched products. In India, one failure will be enough to force the research organisation to wind up. And if it is in the public sector, the situation will be much worse!

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