What is the purpose of the Bio-RIDE scheme approved by the Union Cabinet
Explain the goals and objectives of the Bio-RIDE scheme designed to support research and development in biotechnology.
The Bio-RIDE scheme aims to support research and development in biotechnology by providing financial assistance to entrepreneurs, startups, and small and medium enterprises. The goals and objectives of the scheme are as follows:
- Facilitate innovation and technology development in the field of biotechnology
- Enhance industry-academia collaboration to promote cutting-edge research
- Boost the growth of biotechnology startups and SMEs through funding support
- Promote the development of new products, processes, and services in biotechnology
- Catalyze the translation of research outcomes into viable commercial products
- Enable the biotechnology sector to contribute significantly to the country's economy and global competitiveness
Answered
7 months ago