Indian Initiatives related to Bioeconomy: UPSC Daily Important Topic | 24 August 2022

Indian Initiatives related to Bioeconomy

For Biopharma:

National Biopharma Mission, ‘Innovate India’ 2017, a Department of Biotechnology (DBT) programme worth US$ 250 million, aims to bring together industry and academia in order to promote entrepreneurship and indigenous manufacturing in biopharma.

For Promoting Startups:

∆35 Bio incubators have been set up across India with world-class facilities.

∆The first International Incubator- Clean Energy International Incubator has been set up under Mission Innovation by DBT & BIRAC.

Startups from 23 participating EU countries can potentially come & incubate in India and likewise, startups from this incubator can go to the partnering countries facilitating access to global opportunities. The department is supporting 4 Bio-clusters (NCR, Kalyani, Bangalore, and Pune).

✓National Mission on Bioeconomy: Amid attempts to boost rural economy by using bio-resources, a ‘National Mission on Bioeconomy’ was launched by the Institute of Bio-resources and Sustainable Development under the Science and Technology Ministry, in 2016.