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The Union Minister of State (Independent Charge) for Science and Technology launched BIO-NIVESH, a platform to connect biotechnology startups with investors and draw private capital into innovations ready for scale-up.
It has been developed jointly by the Department of Biotechnology and the Biotechnology Industry Research Assistance Council (BIRAC).
The inaugural edition brought together 20 high-potential biotechnology and deep-tech startups with around 50 investors across two sessions.
BIO-NIVESH is designed as a recurring platform, with later editions proposed in different cities to link regional biotechnology innovation ecosystems to investment networks.
The central government department for biotechnology research, policy and promotion; it also implements the BioE3 Policy with BIRAC.
A not-for-profit Section 8 public sector enterprise set up by DBT in 2012 as an interface agency to strengthen and empower emerging biotech enterprises; it also publishes the India BioEconomy Report.
Shift India towards high-performance biomanufacturing and a bio-based economy, approved by the Union Cabinet and implemented by DBT with BIRAC.
Key: BioE3 Centres are projected to support over 250 startups and MSMEs, generate an estimated 10,000 skilled jobs and contribute up to $25 billion towards the $300 billion bioeconomy goal.
Provide shared advanced biomanufacturing infrastructure to researchers and startups.
Key: Launched by DBT-BIRAC as India's first such network, hosted at eight academic institutions.
GS Paper 3 > Science and Technology > Biotechnology; and Indian Economy > Growth and innovation policy
General Awareness > Government schemes, startups and financing initiatives
Biotechnology Industry Research Assistance Council — a not-for-profit Section 8 public sector enterprise set up by DBT in 2012 as an interface agency for biotech enterprises.
The share of economic activity derived from biological resources, processes and biotechnology-based products and services.
Biotechnology for Economy, Environment and Employment — India's policy framework for high-performance biomanufacturing.