Novozymes and the Holck-Larsen Foundation jointly to work with Danish universities to set up a biotech scientist exchange program between India and Denmark within the field of biotechnology to strengthen the R&D capabilities of India.
The new Indo-Danish exchange program is funded to the tune of DKK 2 million (Rs 20 million) a year by Novozymes and the Holck-Larsen Foundation. The program will run from 2013 to 2019, and each year it will allow approximately 25 scientists to participate in exchange visits between India and Denmark. The funds for the project will be managed by the Technical University of Denmark, the University of Copenhagen and Aarhus University.
The Denmark -based biotech company expects this corporate- academic institutions collaboration between two countries to strengthen connections between Danish and Indian professors and also to foster innovation and along with providing 'scientist pool' in India for further exposure in the field of advanced technological application by giving them an international work experience.
"With many universities, India has a large population of talented scientists," says Per Falholt, Executive V.P and head of R&D at Novozymes. "At the same time Novozymes has a need for talented scientists with a global mindset. Denmark also educates excellent biotechnologists, who could benefit from going on an international assignment to give them a more global perspective." he adds.
"Our global R&D organization allows us to work across borders and cultures to foster innovation. In-depth knowledge of regional markets and opportunities is very important, but collaborating with colleagues from the other side of the globe often brings a new perspective, which can leapfrog the technology," says Per Falholt.
Novozymes has a significant business in India with over 400 employees. In recent years the company has invested to develop a state-of-the-art R&D facility in Bangalore. The biotech company is engaged in manufacturing and development of industrial enzymes, and has locally partnered with Praj Industries for bio-fuel development.