The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today approved continuation of the two umbrella schemes of Department of Biotechnology (DBT), merged as one scheme-\u2018Biotechnology Research Innovation and Entrepreneurship Development (Bio- RIDE)\u2019 with a new component namely Biomanufacturing and Biofoundry.<\/p>\n
The scheme has three broad\u00a0components:<\/p>\n
a)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Biotechnology Research and Development (R&D);<\/p>\n
b)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Industrial & Entrepreneurship Development (I&ED)<\/p>\n
c)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Biomanufacturing and\u00a0Biofoundry<\/p>\n
The proposed outlay for the implementation of the unified scheme \u2018Bio-RIDE\u2019 is Rs.9197 crore during the 15th<\/sup>\u00a0finance Commission period from 2021-22 to 2025-26.<\/p>\n Bio-RIDE scheme is designed to foster innovation, promote bio-entrepreneurship, and strengthen India\u2019s 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\u2019s mission to harness the potential of bio-innovation to tackle national and global challenges such as healthcare, agriculture, environmental sustainability, and clean energy. Implementation of Bio-RIDE Scheme will –<\/p>\n \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Promote Bio-Entrepreneurship<\/strong>: Bio-RIDE will nurture a thriving ecosystem for startups by providing seed funding, incubation support, and mentorship to bio-entrepreneurs.<\/p>\n \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Advance Innovation<\/strong>: The scheme will offer grants and incentives for cutting-edge research and development in areas like synthetic biology, biopharmaceuticals, bioenergy, and bioplastics.<\/p>\n \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Facilitate Industry-Academia Collaboration<\/strong>: Bio-RIDE will create synergies between academic institutions, research organizations, and industry to accelerate the commercialization of bio-based products and technologies.<\/p>\n \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Encourage Sustainable Biomanufacturing<\/strong>: A significant focus will be placed on promoting environmentally sustainable practices in biomanufacturing, aligned with India\u2019s green goals.<\/p>\n \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Support researchers through Extramural funding:\u00a0<\/strong>Bio-RIDE will play critical role in advancing scientific research, innovation, and technological development across diverse fields of biotechnology by supporting extramural funding to research institutions, universities, and individual researchers in areas such as agriculture, healthcare, bioenergy, and environmental sustainability.<\/p>\n \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Nurturing Human Resource in Biotechnology sector:\u00a0 Bio<\/strong>-RIDE will provide\u00a0<\/strong>holistic development and support to students, young researchers and scientists working in the multidisciplinary areas of Biotechnology. The integrated programme of Human Resource Development will contribute towards the capacity building and skilling of the manpower and make them competent to leverage the newer horizon of technological advancements.<\/p>\n \n Further, to enable Circular-Bioeconomy in the country a component on Biomanufacturing and Biofoundry is being initiated in alignment with \u2018Lifestyle for the Environment (LiFE)\u2019 launched by the Hon\u2019ble PM to propel mitigation of global climate change by incorporating green and friendly environmental solutions in every aspect of life. This new component of Bio-RIDE aspires to nurture the immense potential of \u2018Biomanufacturing\u2019 to facilitate development of indigenous innovative solutions to improve healthcare outcomes, enhance agriculture productivity, foster growth of the bioeconomy, scale-up and commercialization of bio-based products, expanding India\u2019s cohort of highly skilled workforce, and intensifying entrepreneurial\u00a0momentum.<\/p>\n The DBT\u2019s ongoing efforts align with its vision of harnessing the potential of Biotechnology as a precision tool for national development and well-being of society to fulfill its mission to make India globally competitive in Biotechnology research, innovation, translation, entrepreneurship, and industrial growth and be a US$300 billion Bioeconomy by 2030. The Bio-RIDE Scheme will contribute significantly towards realizing the vision of \u2018Viksit Bharat 2047\u2019.<\/p>\n Background:<\/strong><\/p>\n Department of Biotechnology (DBT), Ministry of Science and Technology, promotes excellence and innovation-driven discovery research and entrepreneurship in biotechnology and modern biology.<\/p>\n","protected":false},"excerpt":{"rendered":" The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today approved continuation of the two umbrella schemes of Department of Biotechnology (DBT), merged as one scheme-\u2018Biotechnology Research Innovation and Entrepreneurship Development (Bio- RIDE)\u2019 with a new component namely Biomanufacturing and Biofoundry. The scheme has three broad\u00a0components: a)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Biotechnology Research and Development (R&D); b)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Industrial & …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[136],"tags":[15845,3178,4882,15846,1433,4780],"class_list":["post-18275","post","type-post","status-publish","format-standard","","category-national","tag-bio-ride-scheme","tag-biotechnology-research","tag-cabinet-approval","tag-cutting-edge-technology","tag-innovation","tag-research-and-development"],"yoast_head":"\n