One of the key objectives of the corporation is to set up Life Sciences/ Biotechnology Park on approx 80 acres of land in Knowledge City Sector 81, Mohali. The Park site is strategically co-located in Knowledge City in vicinity of co-domain premier institutions like National Agri-Food Biotechnology Institute (NABI), Center of Innovative and Applied Bioprocessing (CIAB), Punjab Biotechnology Incubator (PBTI), Indian School of Business (ISB), Institute of Nano Science and Technology (INST) so as to enable the industry to derive synergies from other components of Knowledge Cluster as well as from the institutions in & around Knowledge City, Mohali.