India’s biotechnology industry is in a critical phase of industrial growth. The launch of the Rs 2,000 Crore BIRAC-RDI Fund by the Government of India is a turning point for the biotechnology manufacturing startups, MSMEs and innovation-driven enterprises, who have been wanting to scale beyond the research labs.<\/p>\n
The fund was announced by Union Minister Dr. The Government’s Innovation Research Development and Innovation RDI Mission has established a funding program which Jitendra Singh oversees. 1 Lakh Crore. Its primary goal is to close the vast gap between scientific discovery and commercial-scale manufacturing in biotechnology that has existed for decades.<\/p>\n
For entrepreneurs preparing Detailed Project Reports (DPRs) or feasibility studies for bio-based manufacturing units, the BIRAC-RDI Fund helps improve the viability of the project drastically by reducing the financial and technological risk.<\/p>\n