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Thursday, April 09, 2015

AP Biotechnology Policy 2015: incubators and incentives for research

The policy envisages establishment of incubation centres at:
a. Mega Life Sciences Park in Vizag
b. JNTU in Kakinada
c. Sri Venketeswara Veterinary University in Tirupati
d. Dr. NTR University of Health Sciences in Vijayawada

These will be established in PPP mode. More interesting are fiscal incentives for R&D.
In order to promote innovation and applied R&D in the research & academic institutions, the Government of Andhra Pradesh proposes to offer special incentives for organizations engaged in applied research and development activities encompassing the following:
i. Co-financing of industry sponsored research: GoAP proposes a matching contribution of up to25 lakhs for biotech related projects of public importance where an equal amount has been funded by private/public sector companies. The research outcomes will be reviewed by APBC.
ii. Collaborative Research Grant: The scheme aims at accelerating collaborative research for market driven product development between scientists from at least three A.P based research institutions and/or academic institutions. Government proposes to offer financial assistance up to25 lakh per project per annum towards covering scientist and technician cost. This will be approved on case to case basis by the APBC
constituted by the Government.
iii. Attracting Global Talent: To attract global talent for conducting breakthrough research
in the State, the Government proposes “Yellapragada Subbarao Life Sciences Scholarship”. The objective is to incentivize joint research programs of A.P based institutions with researchers pursuing post-doctoral India specific life sciences research in top 100 global institutes/universities. Government shall provide financial support not exceeding 5 lakh for a period of 6 months limited to 10 researchers per annum. The scheme will also be applicable to Scientists interested in sabbatical research work. The program and engagement of the researchers shall be approved by APBC.
iv. Patent Registration: GoAP proposes to provide financial assistance towards expenses
incurred for patent registration. The financial assistance will be limited to 75% of the cost subject to a maximum of๔€€€25 lakh. This assistance will be given only to those projects that are approved by APBC.

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