Biotechnology Research and Innovation: Bio-RIDE Scheme to Foster Entrepreneurship in India
Wednesday, 18 September 2024, 05:05
Introduction to Bio-RIDE Scheme
The Union Cabinet has approved the Biotechnology Research Innovation and Entrepreneurship Development (Bio-RIDE) scheme aimed at enhancing biotechnology research and entrepreneurship in India. The initiative lays out a structured framework to support startups and sustainable development in the rapidly evolving bio-manufacturing sector.
Key Objectives of Bio-RIDE
- Promoting biotechnology innovation through funding.
- Supporting research activities focused on bio-manufacturing.
- Encouraging entrepreneurship in the biotech industry.
Impact on the Biotech Industry
This decision is anticipated to significantly boost the biotechnology landscape in India, enabling new startups and sustainable practices.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.