Sunday, August 31, 2025
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Manufacturing

Manufacturing: Cabinet approves merger of biotech schemes with Rs.9,197cr

Fiinews by Fiinews
September 19, 2024
in Manufacturing
Reading Time: 3 mins read
A A
0
Biotech Kisan Scheme
0
SHARES
17
VIEWS
LinkedinShare on Twitter

0:00

Bio-RIDE to Promote Bio-Entrepreneurship

The Cabinet has approved a merger of ‘Biotechnology Research Innovation and Entrepreneurship Development (Bio- RIDE)’ and a new component Biomanufacturing and Bio-foundry with an implementation outlay of Rs.9,197 crore during the 15th Finance Commission from 2021-22 to 2025-26 dbtindia .

The approval is continuation of the two umbrella schemes of Department of Biotechnology (DBT), the Cabinet said on 18 Sept.

The scheme has three broad components:

a)      Biotechnology Research and Development (R&D);

b)      Industrial & Entrepreneurship Development (I&ED);

c)      Biomanufacturing and Bio-foundry.

Bio-RIDE scheme is designed to foster innovation, promote bio-entrepreneurship, and strengthen India’s position as a global leader in biomanufacturing and biotechnology. It aims to accelerate research, enhance product development, and bridge the gap between academic research and industrial applications sbi

The scheme is part of the Government of India’s mission to harness the potential of bio-innovation to tackle national and global challenges such as healthcare, agriculture, environmental sustainability, and clean energy.

Implementation of Bio-RIDE Scheme will –

·        Promote Bio-Entrepreneurship: Bio-RIDE will nurture a thriving ecosystem for startups by providing seed funding, incubation support, and mentorship to bio-entrepreneurs.

·        Advance Innovation: The scheme will offer grants and incentives for cutting-edge research and development in areas like synthetic biology, biopharmaceuticals, bioenergy, and bioplastics.

·        Facilitate Industry-Academia Collaboration: Bio-RIDE will create synergies between academic institutions, research organizations, and industry to accelerate the commercialization of bio-based products and technologies.

·        Encourage Sustainable Biomanufacturing: A significant focus will be placed on promoting environmentally sustainable practices in biomanufacturing, aligned with India’s green goals.

·        Support researchers through Extramural funding: Bio-RIDE will play critical role in advancing scientific research, innovation, and technological development across diverse fields of biotechnology by supporting extramural funding to research institutions, universities, and individual researchers in areas such as agriculture, healthcare, bioenergy, and environmental sustainability.

·        Nurturing Human Resource in Biotechnology sector:  Bio-RIDE will provide holistic development and support to students, young researchers and scientists working in the multidisciplinary areas of Biotechnology. The integrated programme of Human Resource Development will contribute towards the capacity building and skilling of the manpower and make them competent to leverage the newer horizon of technological advancements.

Further, to enable Circular-Bioeconomy in the country a component on Biomanufacturing and Biofoundry is being initiated in alignment with ‘Lifestyle for the Environment (LiFE)’ launched to propel mitigation of global climate change by incorporating green and friendly environmental solutions in every aspect of life bse .

This new Bio-RIDE aspires to nurture the immense potential of ‘Biomanufacturing’ to facilitate development of indigenous innovative solutions to improve healthcare outcomes, enhance agriculture productivity, foster growth of the bioeconomy, scale-up and commercialization of bio-based products, expanding India’s cohort of highly skilled workforce, and intensifying entrepreneurial momentum nse .

The DBT’s ongoing efforts align with its vision of harnessing the potential of Biotechnology as a precision tool for national development and well-being of society to fulfill its mission to make India globally competitive in Biotechnology research, innovation, translation, entrepreneurship, and industrial growth and be a US$300 billion Bioeconomy by 2030 ibef .

The Bio-RIDE Scheme will contribute significantly towards realizing the vision of ‘Viksit Bharat 2047’. Department of Biotechnology (DBT), Ministry of Science and Technology, promotes excellence and innovation-driven discovery research and entrepreneurship in biotechnology and modern biology investindia . Fiinews.com

Tags: The Cabinet
ShareTweetShare

Related Posts

Vignesh Polymers Logo
Manufacturing

Manufacturing: Vignesh builds new facility at SIPCOT

by Fiinews
August 31, 2025
0
11

Chennai company sets up integrated air-condition factory Chennai’s Vignesh Polymers held a ground-breaking ceremony of its Air Conditioning Division, unveiling...

BKV Group
Manufacturing

Manufacturing: BVK to scale GKD operations

by Fiinews
August 30, 2025
0
13

Renamed WMW to be India’s largest mesh solutions provider BVK Group, a leading Indian conglomerate in advanced industrial woven mesh...

CG Semi

Manufacturing: CG Semi launches first OSAT

August 30, 2025
11
Akumslogo New

Manufacturing: Akums-Zambia to form JV by Q3’26

August 26, 2025
23
izmo Microsystems Pvt. Ltd.

Manufacture: izmomicro announces silicon packaging

August 23, 2025
14
MoFPI

Manufacture: Rs.1,726.6cr released under PLISFPI

August 23, 2025
13
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Market: RBI Gov calls for price stability
  • Manufacturing: Vignesh builds new facility at SIPCOT
  • Market: Patil to build talent-hub from Pune
  • Tender: Construction market to grow at 8.6% CAGR
  • Invest: Capgemini acquisition of WNS approved

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.