The cooperation in S&T especially the business opportunities in Life Science space, received a boost with the visit of Swedish Minister Ms Ulrica Messing to India in 2005, and the subsequent visit by India's S&T Minister to Sweden, in the same year.
This led to signing of MoU between the Swedish Ministry of Education and Research and Indian Ministry of S&T.
The agreement was very much in line with the science cooperation agreement India had with EU. These agreements were subsequently followed up few years later by signing up of MoU by the Ministry of Health between both the countries.
Following these agreements, the Department of Biotechnology of India, and Sweden's Agency for the Innovation of Science called ‘Vinnova', signed science cooperation agreement which focused on tuberculosis research. There was also similar agreement between India's DST & Vinnova, Karolinska Institutet & ICMR among others.
"Sweden is ranked as the numero uno country in the world for innovation. The main advantage in Sweden, compared to other countries is that, scientists who makes the innovation, own the Innovation, and not the institution for which they work," says Prof Carani B Sanjeevi, Department of Medicine, Karolinska Institutet, Solna, Sweden, and Senior Advisor, Business Sweden-Invest, Stockholm, Sweden.
This is unique and quite different from other countries in the world like the US or the UK, where the institution or the university own the discovery made by the scientist.