Mains GS3: GS3-17.Awareness in the fields of IT, Space, Computers, Robotics, Nano-technology, Bio-technology and issues relating to Intellectual Property Rights.
Why in the News?
The Union Cabinet has approved the “Biotechnology Research Innovation and Entrepreneurship Development (Bio-RIDE) scheme” to support cutting-edge research and development in biotechnology.
About Bio-RIDE Scheme
|
Details |
| Objective |
To support cutting-edge research, bio-entrepreneurship, and bio-manufacturing in biotechnology. |
| Total Outlay |
₹9,197 crore for the 15th Finance Commission period (2021-22 to 2025-26). |
| Components |
- Merges Biotechnology Research and Development (R&D) and Industrial & Entrepreneurship Development (I&ED).
- Introduces Bio-manufacturing and Bio-foundry as new components.
|
| Key Aims |
- Fostering Innovation: Promote bio-entrepreneurship and strengthen India’s position in biotechnology.
- Bridging Gaps: Accelerate research and product development.
|
| Implementation Focus |
- Promoting Bio-Entrepreneurship: Seed funding, incubation, mentorship for startups.
- Advancing Innovation: Grants for research in synthetic biology, bio-pharma, and bio-plastics.
|
| Focus Areas |
- Extramural Funding for research in agriculture, healthcare, bioenergy, and environmental sustainability.
- Nurturing human resources in biotechnology.
|
| Industry-Academia Collaboration |
Synergies between academic institutions and industry to accelerate commercialization of bio-based products. |
| Significance |
- Enhances bio-innovation and supports sustainable development.
- Contributes to achieving green goals and global leadership in biotechnology.
|
PYQ:
[2019] Atal Innovation Mission is set up under the
(a) Department of Science and Technology
(b) Ministry of Labour and Employment
(c) NITI Aayog
(d) Ministry of Skill Development and Entrepreneurship |