The Foundation for Life Sciences and Business Management was established in 2003-04 with the aim of working in areas of higher education and research,and helping set up entrepreneurial ventures in biotechnology and related fields.Mr Ramesh Mehan,a leading NRI entrepreneur from USA,with roots in Himachal Pradesh,conceived the idea of promoting biotechnology education, and of integrating it with management sciences during a visit to India in December,2003.He joined hands with renowned academician Prof P K Khosla, former Vice Chancellor at HPAU, Palampur and Mr Satish Anand,a local businessman with vast experience in local infrastructure development,for this venture.The executive members of the Foundation are academicians and professionals with distinguished backgrounds.Prof P K Khosla,Ex-Vice Chancellor, HPAU (Palampur) and former Advisor,Biotechnology (H P Government) is at the helm of the management and functioning of the Foundation.