DPIIT, Thermo Fisher Partner To Support 500 Biotech Startups

03 Oct 2025 CW Team

The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, has signed a Memorandum of Understanding (MoU) with Thermo Fisher Scientific (TFS) to accelerate innovation in India’s biotechnology sector and build a strong pipeline of high-growth startups.

The partnership aims to support more than 500 biotech startups over the next three years through strategic advisory, access to technology, mentorship, and investor connections. Under Startup India’s Bharat Startup Grand Challenge (BSGC), TFS will launch the BioVerse Challenge, a nationwide platform to identify and nurture India’s most promising biotech entrepreneurs, and the BioVerse Mentors Circle, offering technical training and skills development at leading bio-incubators.

Through the initiative:

The BioVerse Challenge will identify and support 100 high-potential biotech startups with intensive mentorship, subsidised R&D access, and investor connect.
The BioVerse Mentors Circle will guide and train an additional 400 startups in advanced biotech practices and entrepreneurship.
A BioVerse Alumni Network will provide long-term mentorship, coaching, and funding opportunities.

Sanjiv, Joint Secretary, DPIIT, said the collaboration combines Thermo Fisher’s global expertise with Startup India’s strong innovation ecosystem to create opportunities for early-stage biotech entrepreneurs and strengthen India’s bioeconomy.

Srinath Venkatesh, Managing Director, India & South Asia, Thermo Fisher Scientific, added that the BioVerse Challenge would help startups move “from prototype to product faster” through access to technologies and guidance, including at TFS’s upcoming facilities in Genome Valley, Hyderabad.

Thermo Fisher’s expertise in life sciences research, diagnostics, and biotechnology, combined with Startup India’s innovation network, is expected to strengthen India’s position as a global hub for biotech innovation.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..