Bio-RIDE Scheme
On 18th September, 2024, the Union Cabinet approved the continuation of the Biotechnology Research Innovation and Entrepreneurship Development (Bio-RIDE) scheme to boost research and development in the biotechnology sector.
Aim
- To foster innovation, promote bio-entrepreneurship, and strengthen India’s position as a global leader in biomanufacturing and biotechnology.
- To accelerate research, enhance product development, and bridge the gap between academic research and industrial applications.
Salient Features
New Component
- The 2 umbrella schemes of Department of Biotechnology (DBT)- Biotechnology Research and Development (R&D) and Industrial and Entrepreneurship Development (I&ED) merged as one scheme-‘Biotechnology Research Innovation and Entrepreneurship Development (Bio- RIDE)’.
- It is merged ....
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