Kiran Mazumdar-Shaw, one of India’s most influential businesswomen and among the world’s most powerful women, says she’s an accidental entrepreneur.
Mazumdar-Shaw has shown that modest garage start-ups can extend beyond software and hardware companies. She set up what is now India's largest listed biotechnology company in 1978 and she encourages others to follow suit.
“Today a lot of early stage research work can be done in a garage,” she said at the Reuters India Investment Summit.
Mazumdar-Shaw reckons opportunities for bio-tech startups are huge, considering the demand for sophisticated technology like genomic based systems, diagnostics for cancer stem cells, and high-end synthetic biology. All these are usually developed in small labs across the country.
“What I find today is that there are a large number of very innovative young biotech entrepreneurs who are doing things in a very small way. CellWorks is doing very interesting work on drug design.”