Biocon the Biopharma major is planning to set up an academic institution called Biocon Academy next financial year. The step was taken by the company in order to resolve the acute human resource crunch in the industry. The reason behind poor standards of biotechnology education was regarded as one of the point to enter into academics. Biocon is planning to set up the academic institution within the campus only. Biocon chairman and managing director, Kiran Mazumdar-Shaw believes that Fresh graduates will have the opportunity to participate in a year long programme; this will further help in working as an intern in their company for a good experience all together. On the lines of Karnataka state department of IT&BT which tied up with the Association of Biotech Enabled Enterprises (ABLE), launched “finishing schools” in 10 Karnataka universities and colleges, to improve the employability of fresh biotech graduates, Biocon is in talking terms with IIT and other leading academic institutions. These tie ups with finishing schools and accredited to a university, would hone skills of graduates, to bridge the tremendous gap that exists between educations received, and the expectation of employers in the sector. While this is in its first year of implementation, Mazumdar-Shaw feels that the students would clearly benefit from the industry exposure as far as the companies associated academic courses are concerned. The industry is short of trained graduates and invites participation of young talent with much appreciated stipends during the training and theories taught by eminent personalities of the industry.