India approves Rs.9,197 crore Bio-RIDE scheme
ECONOMY & POLICY

India approves Rs.9,197 crore Bio-RIDE scheme

The Union Cabinet, led by Prime Minister Narendra Modi, approved a  Rs.9,197 crore budget for the Biotechnology Research Innovation and Entrepreneurship Development (Bio-RIDE) scheme.

Merging two existing programs under the Department of Biotechnology, Bio-RIDE aims to accelerate biotech innovation by focusing on research and industrial development.

The initiative includes funding for startups, fostering collaboration between academic and industrial sectors, and promoting sustainable biomanufacturing.

It aligns with India's goal of achieving a $300 billion bioeconomy by 2030, supporting advancements in biopharma, bioenergy, and bioplastics.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

The Union Cabinet, led by Prime Minister Narendra Modi, approved a  Rs.9,197 crore budget for the Biotechnology Research Innovation and Entrepreneurship Development (Bio-RIDE) scheme. Merging two existing programs under the Department of Biotechnology, Bio-RIDE aims to accelerate biotech innovation by focusing on research and industrial development. The initiative includes funding for startups, fostering collaboration between academic and industrial sectors, and promoting sustainable biomanufacturing. It aligns with India's goal of achieving a $300 billion bioeconomy by 2030, supporting advancements in biopharma, bioenergy, and bioplastics.

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