Vimta Labs Life Sciences Center near the Biocluster
Itaan Pharma Private Ltd unit near Karkapatla
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).
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.
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.
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