Bangalore: Karnataka Biotechnology Development Council (KBDC) today (July 12, 2004) signed a MoU (Memorandum of Understanding) with the International Technology Cooperation Network (INTEC) of the German Government and Frankfurt Innovation for Biotechnology (FIZ), German agencies involved in Biotech promotion.

The MoU will help Small and Medium Enterprises (SME) of the two countries to reach out to each other to enhance business and research opportunities, Karnataka IT and BT Secretary K N Shankaralinge Gowda told reporters at Bangalore.

"New initiatives for the SME of the Biotech sector in Karnataka will also be planned," he said.

KBDC and INTEC officials said a website will be launched which would be a "virtual bride" for biotech entrepreneurs of both the regions, besides jointly focusing on business opportunities.

A German delegation is here for Bangalore Bio 2004, the annual biotech event of Karnataka.