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Bio-RIDE Scheme
September 25 , 2024
60 days
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- The Union Cabinet has approved the Biotechnology Research Innovation and Entrepreneurship Development (Bio-RIDE) scheme.
- It aims to accelerate research, enhance product development, and bridge the gap between academic research and industrial applications.
- It will offer grants and incentives for cutting-edge research and development in areas such as synthetic biology, bio-pharmaceuticals, bio-energy, and bio-plastics.
- Bio-RIDE combines two existing schemes with a new component called, ‘Bio-manufacturing and Bio-foundry’.
- They are
- Biotechnology Research and Development (R&D) and
- Industrial and Entrepreneurship Development (I&ED).
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