Biotech Consortium India Limited (BCIL) is a public limited company, promoted by the Department of Biotechnology (DBT), Ministry of Science and Technology, Government of India and set up by All India Financial Institutions including IDBI, ICICI, IFCI, UTI and IFCI Venture Capital Funds Limited.
BCIL was incorporated under the Companies Act 1956(Now Company Act, 2013) in 1990 with government in advisory role, development banks as major funding agency.
It is a nodal agency for providing business support services to facilitate accelerated commercialization of biotech products and processes.
The company was inaugurated in 1990 by the then Prime Minister of India, Hon’ble Shri Chandra Shekhar, in presence of the Finance Minister, Shri. Yashwant Sinha and Dr. Manju Sharma, Secretary, Department of Biotechnology.
BCIL has been actively involved in technology transfer, project consultancy, fund syndication, information dissemination, and manpower training & placement related to biotechnology. Since almost three decades BCIL has assisted thousands of clients including scientists, technologists, research institutions, universities, first generation entrepreneurs, corporate sector, national and international organizations, ministries /departments of central government, various state governments, banks and financial institutions.
Key Strengths of BCIL
• Technical strengths: Extensive expertise and experience in above areas of operations in all biotechnology sectors viz. healthcare, agriculture, environment and process industry. BCIL leverages its in-depth understanding about technology, manufacturing process, regulatory requirements, markets, government incentives etc. for executing specialised consultancy projects, project management and expeditious transfer of technologies.
• Networking: By virtue of its unique constitution, BCIL networks closely with all stakeholders viz. industry, entrepreneurs, academia, government, international organizations etc. and provides a platform for interaction on cross- sectoral topics. These linkages also facilitate collection of latest authentic information for professional execution of various assignments.
• Finance management skills: BCIL has adequate skills and expertise in ensuring compliance with financial and accounting norms in project management. The company has well defined administrative procedures to manage funds as per the guidelines provided by the sponsors..