The Union Cabinet has approved the Biotechnology Research Innovation and Entrepreneurship Development (Bio-RIDE) scheme to boost biotechnology research, innovation, and entrepreneurship with an outlay of ₹9,197 crore for the 15th Finance Commission period (2021-22 to 2025-26).
The scheme merges two existing programs — Biotechnology Research and Development (R&D) and Industrial and Entrepreneurship Development (I&ED) — and introduces a new component called ‘Bio-manufacturing and Bio-foundry.’ This initiative aims to foster innovation, strengthen bio-entrepreneurship, and elevate India’s global position in bio-manufacturing and biotechnology.
It will support research, product development, and the transition from academic research to industrial applications, aligning with national and global goals in healthcare, agriculture, sustainability, and clean energy.
