3 hrs ago
Centre Launches BIO-NIVESH Platform to Boost Biotechnology Investment
The government has started a new platform called BIO-NIVESH.
It is meant to bring biotechnology scientists and businesses closer to investors.
Biotechnology uses science to create useful products and technologies.
Many ideas need money before they can become products used by people.
The platform will help promising ideas move from research to companies and markets.
Dr Jitendra Singh said innovation needs investment to grow.
He also said private investors will be important for building strong biotechnology businesses.
The government hopes this will help India lead in future technology growth.
The Union government launched BIO-NIVESH to connect biotechnology innovators with investors.
The platform aims to attract private capital for scaling and commercialising biotechnology innovations.
Union Minister Dr Jitendra Singh said innovation and investment must develop together.
Singh proposed considering a “Big Five in Five Years” approach for the biotechnology ecosystem.
The initiative seeks to help India capture opportunities from the next wave of technology-led growth.
- Who
- The Union government, Union Minister Dr Jitendra Singh, biotechnology innovators, startups and investors.
- What
- The government launched BIO-NIVESH, a platform to strengthen connections between biotechnology innovators and the investment community.
- Where
- New Delhi.
- When
- Thursday; the article does not specify the date.
- Why
- To attract private capital into biotechnology innovations and help move them from research and entrepreneurship to scale-up, commercialisation and markets.
Key facts
- Initiative
- BIO-NIVESH
- Objective
- Strengthen engagement between biotechnology innovators and investors
- Funding focus
- Catalysing private capital for promising biotechnology innovations
- Target outcomes
- Scale-up and commercialisation of biotechnology innovations
- Government view
- Innovation and investment need to develop together
- Proposed approach
- A possible “Big Five in Five Years” goal for the biotechnology ecosystem
- Broader aim
- Prepare India for technology-led growth and the next industrial revolution
Sources
Related news
Jitendra Singh urges private investment to boost biotech sector
India to be key player in AI, biotechnology-led industrial revolution
Goyal Pitches India-Japan Startup Series and Deep-Tech Fund
Telangana Aims to Be India's Life Sciences Innovation Capital
Sitharaman Invites Global Investors to Manufacture in India
Japan’s India Investment Pledge Could Arrive Three Years Early
Gold Rebounds Rs 3,400 After Six-Session Losing Streak
Belgian PM Says India’s Global Voice Reaches Far Beyond Region
Delhi Declares September 11 Holiday Ahead of BRICS Summit
Youth and Student Groups Hold Delhi Candle March for Justice
