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Strengths:
- Large pool
of talent.
- English
speaking human expertise which makes India a preferred investment market
for the western world compared to China, Japan or Korea.
- Low
manpower cost.
- Large IT
base.
Weakness:
- Weak track
record in commercial biotechnology innovation.
- Poor
bioinformatics research infrastructure for incubation.
- Poorly
developed bioinformatics education and training.
Opportunities:
- Investor
friendly policies can prompt more NRIs to infuse funds.
- More
indigenous software products to help the research community.
- Creating
interest with in the venture capital community.
- Huge
existing data resources that can be commercialized as bioinformatics
tools.
Threats:
- Lack of
R&D funding by the government.
- Low
awareness on IP related issues.
- Lack of
quality bioinformatics software tools at affordable prices.
-
Absence of facilitating engines like EBI
(European Bioinformatics Institute).
"We estimate the Indian bioinformatics industry to touch $2
billion by 2006. For this, we need affordable world-class software and
talented bioinformatics professionals. " - Mr Kolaskar, vice- Chancellor of
Pune University
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