Government launches BIO-NIVESH to draw private capital into biotechnology start-ups

1
BIO-NIVESH was launched to strengthen engagement between biotechnology innovators and investors and channel private capital into scale-up and commercialisation.
2
It was announced at a joint round table with start-ups and investors chaired by the Minister of State for Science and Technology.
3
A 'Big Five in Five Years' approach was floated — concentrating resources to build a few large anchor companies around which smaller start-ups can grow.

●BIO-NIVESH is a platform to bridge biotechnology innovation and entrepreneurship with the investment community, aimed at commercialisation and scale-up.
●Launched at a joint round table with start-ups and investors by the Minister of State (Independent Charge) for Science and Technology.
●Proposal discussed: a 'Big Five in Five Years' approach creating a few large anchor companies to anchor the wider ecosystem.
●The Department of Biotechnology, established in 1986 under the Ministry of Science and Technology, is the parent department for India's biotechnology programmes.
●The Biotechnology Industry Research Assistance Council (BIRAC) was established in 2012 as a public sector enterprise to promote innovative research in biotech SMEs.
●The BioE3 Policy — Biotechnology for Economy, Environment and Employment — was approved by the Union Cabinet on 24 August 2024 for 'Fostering High Performance Biomanufacturing'.
●BIO-NIVESH addresses the financing gap that sits between BIRAC's early-stage support and full commercial scale-up.

upsc

GS Paper 3 > Science and Technology > Biotechnology

BioE3

Biotechnology for Economy, Environment and Employment — the 2024 policy aimed at high-performance biomanufacturing.

BIRAC

A public sector enterprise under the Department of Biotechnology that funds and supports innovation in biotech SMEs and start-ups.

•Expand BioE3 correctly — Economy, Environment and Employment. Options substituting 'Energy' or 'Education' for one of the three are the standard trap.

Question 1 of 2Score: 0/0

Factual

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