Innovation Ecosystem in India

Dept of Biotech and BIRAC to Participate in the Bharat Innovation Fund

The Department of Biotechnology (DBT), along with the Biotechnology Industry Research Assistance Council (BIRAC), has announced its participation in the Bharat Innovation Fund.

  1. The DBT will engage with the Bharat Fund, as part of DBT’s efforts under the Startup India initiative, to help commercialize technologies from its labs and facilities.
  2. The DBT has announced to invest Rs. 50 crore over the next 3 years to support startups through this Fund.
  3. Productive innovations from the DBT can make a huge impact in people’s lives, as has been seen in the advances of medicine in recent years.

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