Mumbai: Intelligent Business Systems (IBS) and the government of Gujarat have signed a memorandum of understanding (MoU) to partner in the Gujarat State Biotechnology Mission.
Gujarat is the first Indian state to set up a biotechnology solutions venture aimed at research outsourcing. As part of the MoU, Intelligent Business Systems Centre for Bioinformatics (CfB) along with the Mehsana-based Rs100-crore Shanku's Group, with interests in entertainment, hospitality and education, will provide the bioinformatics and biotechnology research-based solutions respectively.
IBS will deal with computer-aided drug discovery, drug interaction and bio-analysis. Also, Shanku's group will be investing Rs. 40 crore for the venture.
Dr Kaustubh Chokshi, CEO and co-founder, IBS, said, "Gujarat with its very strong pharma, healthcare and agriculture sectors offers an ideal platform to venture into the emerging biotechnology industry. IBS with its strong academic roots and research based approach to providing innovative solutions, is privileged to be part of this initiative to tap the growing opportunity that Biotechnology offers."
Intelligent Business Systems' CfB specialises in research and data analysis, which can be extended to provide an invaluable analytical insight into biological data and utilities to aid the scientific and commercial community in the understanding of genomic and proteomic data.