Indian biotech start-ups attract $2.8 bn in investments in last 5 years

Of the 3,000 entrepreneurs who've started biotech firms in the past 5 years, a third are women

India has over 3,000 entrepreneurs, one third of whom are women, who have started biotechnology firms in the past five years and have raised a combined total of $2.8 billion or Rs 18,700 crore in the same period.

These entrepreneurs have formed 1,022 biotechnology start-ups in the period between 2012 and 2016, with the major hubs for firms being Bengaluru, Delhi, Mumbai and Hyderabad, according to a report from the Association of Biotechnology Led Enterprises (ABLE).

The numbers are promising for the biotechnology sector in India, which had identified start-ups as a key driver for growth as early as 2012. With over