NEW DELHI: The Union cabinet on Wednesday approved the Biotechnology Research Innovation and Entrepreneurship Development ( Bio-RIDE ) scheme to support cutting-edge research and development in biotechnology.
Bio-RIDE combines two existing schemes - Biotechnology Research and Development (R&D) and Industrial and Entrepreneurship Development (I&ED) - with a new component 'Bio-manufacturing and Bio-foundry', an official statement said. The proposed outlay for implementation of Bio-RIDE is Rs 9,197 crore during the 15th Finance Commission period from 2021-22 to 2025-26.
Bio-RIDE combines two existing schemes - Biotechnology Research and Development (R&D) and Industrial and Entrepreneurship Development (I&ED) - with a new component 'Bio-manufacturing and Bio-foundry', an official statement said. The proposed outlay for implementation of Bio-RIDE is Rs 9,197 crore during the 15th Finance Commission period from 2021-22 to 2025-26.
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