Genome Valley Explained

Genome Valley
Type:Life Sciences
Subdivision Type:Country
Subdivision Name: India
Subdivision Type1:State
Subdivision Name1: Telangana
Subdivision Type2:City
Subdivision Name2:Hyderabad
Subdivision Type3:District
Subdivision Name3:Medchal-Malkajgiri district
Area Total Km2:8.1
Website:



Established Title:Established
Founder:Government of Andhra Pradesh (1956–2014)

Genome Valley is an Indian high-technology business district spread across 2000acres/(3.1 sq mi) in Hyderabad, India.[1] [2] It is located across the suburbs, Turakapally, Shamirpet, Medchal, Uppal, Patancheru, Jeedimetla, Gachibowli and Keesara. The Genome Valley has developed as a cluster for Biomedical research, training and manufacturing.[3] [4] [5] Genome Valley is now into its Phase III, which is about 11 kms from the Phase I and II with the total area approximately 2000acres.[6]

History

The concept of Genome Valley was envisioned by Dr. Krishna Ella, the founder of Bharat Biotech. He proposed the idea of creating a dedicated biotech hub that would bring together research, development, and manufacturing facilities in the life sciences sector. The realization of Genome Valley as a world-class biotech hub was driven by the efforts of N. Chandrababu Naidu, the then Chief Minister of Andhra Pradesh (before the bifurcation of the state into Andhra Pradesh and Telangana).

Genome Valley was commissioned by the then combined Government Andhra Pradesh in 1999 as S. P. Biotech Park in a public-private partnership with Bharat Biotech International, and its founder Krishna Ella, alongside private infrastructure companies such as Shapoorji Pallonji Group and ICICI Bank.[7]

Alexandria Knowledge Park SEZ

In 2009, U.S.-based infrastructure giant Alexandria Real Estate Equities has announced its plans to invest in the bio-cluster, which led to the Alexandria Knowledge Park SEZ.[8] The bio-cluster at Shamirpet holds Certification mark by the United States Patent and Trademark Office and the European Union.[9]

IKP Knowledge Park

The IKP Knowledge Park is spread over 200 acres in Turakapally, is an initiative of ICICI Bank with five "innovation corridors" - a first of its kind knowledge-nurturing centre for Indian companies and a knowledge gateway for multinational companies".[10] The first phase of Innovation Corridor I, comprising 10 laboratories, around 3,000 ft² (300 m²) each, is operational and fully occupied. The second phase of Innovation Corridor I, comprising 16 laboratory modules of 1,700 ft² (170 m²) each, is ready for operation.

Neovantage Innovation Parks

In 2016, Mission Neutral Park acquired specialized R&D assets in Genome Valley from U.S.-based Alexandria REIT and rechristened it as MN Park. It was later rebranded as Neovantage Innovation Parks in 2023. Neovantage Innovation Parks is a collaborative life sciences ecosystem in Genome Valley, Hyderabad consisting of Grade A R&D facilities.

Neovantage Innovation Parks is spread over 1,000,000 sq ft of space, including built-up facilities of around 850,000 sq.ft. provided to global tenants like Novartis, GlaxoSmithKline, Mylan and Ashland Inc. The campuses consist of pre-leased industrial assets and specialized office spaces to sectors including specialized warehousing, vaccine development, CROs, Bio-Pharma Production, pharmaceutical R&D, biotechnology, etc.

See also

Notes and References

  1. News: Pharma majors queue up for space at Hyderabad's Genome Valley. . 4 August 2020 .
  2. Web site: Special Correspondent . Today's Paper / NATIONAL : BioAsia-2012 to focus on vaccines, IPR, CROs and investments . The Hindu . 2011-11-22 . 2012-08-21.
  3. Web site: BioSpectrumIndia - the business of biotech - Moving Towards Consolidation . Biospectrumindia.ciol.com . 2012-08-21 . dead . https://web.archive.org/web/20081105092920/http://biospectrumindia.ciol.com/content/BioAsia/104031108.asp . 2008-11-05 .
  4. Web site: Our Bureau . Business Line : Industry & Economy / Economy : AP Govt making policies more industry-friendly, says CM . Thehindubusinessline.com . 2012-02-12 . 2012-08-21.
  5. Web site: Our Bureau . Business Line : Industry & Economy News : Tag from US lab may help drug-makers find markets . Thehindubusinessline.com . 2012-08-21.
  6. News: Valley of Growth. The Hindu . 4 November 2022 .
  7. Web site: rediff. Genome valley history. 2012-08-21.
  8. News: The Hindu. Alexandria to invest 1000 cr in genome valley. . 21 May 2009. 2012-08-21.
  9. Hyderabad's Genome Valley gets US certification, Indo Asian News Service Friday, 6 July 2007 | publisher=india-forums.com
  10. Web site: iciciknowledgepark.com. 20 September 2015. https://web.archive.org/web/20150924032550/http://www.iciciknowledgepark.com/icicikp/iciciinnerfiles/genomevalley.htm%7ctitle=iciciknowledgepark.com%7cwork=iciciknowledgepark.com#. 24 September 2015. dead. dmy-all.