World Bank Project Deck

1 NO FUNERTY 3 GOOD HEALTH AND WELL-BEING ர்ச்ச்ன் -/- REDUCED 10 INEQUALITIES INDIA Innovate for Inclusiveness World Bank For more information: https://projects.worldbank.org/en/projects-operations/project- detail/P156241?lang=en 52 Development Challenge: While India is recognized as a leading global manufacturer of high-quality generic drugs, industry gaps and market failures constrain its innovation capabilities, limiting its competitiveness and ability to address its disease burden. Diseases that disproportionately affect low- and middle-income countries are largely ignored as companies tend to allocate resources to high-profit markets, leading to a growing concern of getting affordable healthcare in India. Purpose: Facilitate innovation in biopharmaceutical products and medical devices that address public health priorities. Strengthen and accelerate the pilot-to-market innovation ecosystem for low-cost vaccines, biopharmaceuticals, diagnostics, and medical devices funding for the government of India's Biotechnology Industry Research Assistance Program (BIRAC). The project will provide grant funding to companies, research and academic institutions, and practitioners to support early- stage bio-manufacturing, clinical development, training, and technology transfer. Expected Results (include): • • 50 products addressing public health priorities advance at least one step on the product development pathway 23 technologies licensed for manufacturing or commercialization • 14 international publications. • 6,295 people trained IBRD Financing: $125 million Closing: 2023 THE WORLD BANK Treasury

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