The Association of Biotechnology Led Enterprises (ABLE), representing biotechnology interests in India, has reportedly signed a memorandum of understanding (MOU) with the Washington Biotechnology and Biomedical Association (WBBA), Washington state’s life-sciences trade association. The MOU will apparently enable wide-ranging cooperation to support biotechnology discoveries in health care, agriculture and clean energy.
ABLE President P.M. Murali said of the agreement, “The collaboration aims to achieve breakthrough discoveries to provide affordable solutions for critical diseases, important challenges in agriculture and energy on mutually agreed topics.” WBBA President Chris Rivera was quoted as saying, “We see India as the growth engine of tomorrow and one of the fastest growing economies in the world. The collaboration with ABLE is significant to facilitate best of research in biotechnology from both countries.”
Among other matters, the collaboration could involve investment and business partnering, as well as internships, exhibitions, workshops, seminars, capacity building, and market research. With some 500 member organizations, WBBA claims to have mentored more than 100 unique life-science startup companies since 2009. It brings investors together with promising companies and advocates for policies at the federal and state levels to advance members’ interests. See The Hindu Business Line, October 7, 2012.