BCIL in Technology Transfer in Pharmacy

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BCIL full form is Biotech Consortium India Limited established in 1990. Explore how its responsible for technology transfer.

What is BCIL in Technology Transfer?

BCIL was founded in 1990 with the support of Shri. Chandra Shekhar former Prime Minister of India, along with Shri. Yashwant Sinha, the finance minister and Dr. Manju Sharma, Secretary in the Department of Biotechnology (DBT). It established under the Indian Companies Act of 1956. It operates as a public limited company promoted by DBT, Ministry of Science and Technology, Government of India, and All India Financial Institutions. The goal was to facilitate rapid commercialization of biotechnology.

Role

  1. Technology Transfer: Facilitating transfer of biotech innovations from research institution to commercial enterprises.
  2. Project Consultancy: Providing expert advice for biotech project success.
  3. Fund Syndication: Connecting biotech projects with funding sources.
  4. Data Distribution: Disseminating biotech insights for collaboration.
  5. Manpower Training: Developing skilled biotech workforce through training and job placements.

BCIL in Technology Transfer

It employs a systematic step-by-step approach to transfer of technologies:

  1. Screening for Leads: Identifying promising biotech ideas.
  2. Evaluation: Assessing the commercial potential of the ideas.
  3. Validation: Confirming the feasibility of the ideas.
  4. Scale Up: Preparing the ideas for business expansion.
  5. Packaging: Creating a comprehensive package for entrepreneurs and financiers.
  6. Technology Pricing: Determining the value of the technology considering its potential.
  7. Entrepreneur Selection: Choosing the right person to execute the idea.
  8. Technology Transfer: Formalizing the transfer of technology.
  9. Monitoring, Support and Consultancy: Continuously assisting the licensee for successful implementation.

BCIL initiates by identifying ideas and collaborates closely with the technology developers. After confirming the potential of the technology, they work on making it feasible for business. They find suitable entrepreneurs and establish fair agreements. The pricing of the technology considers factors like growth potential, market demand, and innovation.

It provides continuous support and guidance to the licensee to ensure the technology is transformed into a thriving commercial venture. This involves consistent monitoring, consultancy, and assistance throughout the process.

You may also like to read TIFAC in Technology Transfer: Goals and Responsibilities.

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