Human resources constitute an increasingly critical function in any biotechnology company. Whatever the changing fortunes of the biotechnology industry are, successful management of human resources is essential. The Indian biotech industry is facing a scarce talent pool and ABLE is in the process of bridging this gap through various methods. “The Indian biotechnology sector is one of the fastest growing knowledge-based sectors in India and is expected to play a key role in shaping India's rapidly developing economy. With numerous comparative advantages in terms of research and development (R&D) facilities, knowledge, skills, and cost effectiveness, the biotechnology industry in India has immense potential to emerge as a global key player. This evaluation test is a first of its kind program in the biotechnology sector and ABLE is proud to announce this initiative as part of its commitment towards improving biotechnology landscape in India,”
The biotechnology education industry is a relatively young industry with lack of awareness of industry needs. The academic spectrum is wide with tens of thousands of students being trained in several life science courses each year. However, lack of awareness and educated guidance is coming in the path of employability of these students. National level certifications can help in this regard by enabling awareness and access to a certified pool to the industry. There is a huge need of standardized automated assessments to be built and deployed in the industry. According to Himanshu Aggarwal, CEO – Aspiring Minds, “We assess students on their employability across India through our flagship test, AMCAT. AMCAT ABLE Life Sciences Certification shall extend that platform and aid in showcasing Employable Talent to the industry for different roles and functions. AMCAT’s comprehensive Employability Report shall go a long way in helping Biotech aspirants understand their strengths and areas of improvements in their quest to work for the booming Biotech industry in India.”
Kiran Mazumdar Shaw, CMD - Biocon, congratulated ABLE & Aspiring Minds and said: “The biotechnology sector in India has the potential to address several challenges faced by our country. Currently at US$ 5 billion, the Indian biotech sector is expected to grow to US$ 100 billion by 2025. However this transformation to a bio-economy can be enabled only through good quality talent and AMCAT ABLE Life Sciences certification program is expected to develop ‘industry ready’ biotech professionals who can partake in this exciting journey. I am sure the industry will benefit with the new initiative as it will improve access to employable biotech professionals.”
ABLE alongwith government agencies and others have launched several initiatives over the past years to assist in eliminating the gap between industry, academia and Government, which is hampering the growth of the industry. ABLE has begun nurturing young entrepreneurs through NEST and BEST programmes for students, in collaboration with the Department of Biotechnology, which is yielding good results.
Association of Biotechnology Led Enterprises - ABLE is a not-for-profit pan-India forum that represents the Indian Biotechnology Sector. It was launched in April 2003, after industry leaders felt a need to form an exclusive forum to represent the Indian Biotechnology Sector. It has over 270 members from all across India representing all verticals of the sector like agribiotech, bio-pharma, industrial biotech, bioinformatics, investment banks and Venture Capital firms, leading research and academic institutes and law firms and equipment suppliers. The primary focus of ABLE is to accelerate the pace of growth of the Biotechnology sector in India, through partnering with the Government in their biotechnology initiatives to deliver optimal policies and create a positive regulatory environment, encouraging entrepreneurship and investment in the sector, providing a platform for domestic and overseas companies to explore collaboration and partnerships, forging stronger links between academia and industry and showcasing the strengths of the Indian biotech sector.
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About Aspiring Minds:
Aspiring Minds is India’s leading employability solutions company, headquartered in Gurgaon. Aspiring Minds offers scientific assessments with an innovative large-scale sourcing model analogous to a GRE-for-job concept. The state-of-the-
Visit at www.aspiringminds.in