The Union Cabinet has approved continuation of the two umbrella schemes of Department of Biotechnology (DBT) under the Ministry of Science Technology.
- The schemes have been merged as one scheme-‘Biotechnology Research Innovation and Entrepreneurship Development (Bio- RIDE)’ with a new component namely Biomanufacturing and Biofoundry.
The scheme has three broad components:
- Biotechnology Research and Development (R&D);
- Industrial & Entrepreneurship Development (I&ED)
- Biomanufacturing and Biofoundry
The proposed outlay for the implementation of the unified scheme ‘Bio-RIDE’ is Rs.9197 crore during the 15th finance Commission period from 2021-22 to 2025-26.
About Bio-RIDE scheme
- Bio-RIDE scheme is designed to foster innovation, promote bio-entrepreneurship, and strengthen India’s position as a global leader in biomanufacturing and biotechnology.
- It aims to accelerate research, enhance product development, and bridge the gap between academic research and industrial applications.
- The scheme is part of the Government of India’s mission to harness the potential of bio-innovation to tackle national and global challenges such as healthcare, agriculture, environmental sustainability, and clean energy.
