BioNEST

BioNEST Latest News

Recently, the Union Minister inaugurated the Biotechnology Industry Research Assistance Council (BIRAC)-BioNEST Incubation Centre at the Central Food Technology & Research Institute (CFTRI) in Mysuru.

About BioNEST

• The Bioincubators Nurturing Entrepreneurship for Scaling Technologies (Bio-NEST) was launched by Biotechnology Industry Research Assistance Council.
• It was launched with a vision that focused on fostering the biotech innovation ecosystem in the country.
• The BioNEST Incubators provide access to high end infrastructure, specialized and advanced equipment, business mentorship, IP, legal and regulatory guidance and networking opportunities to start-ups. 
• The main objectives of the BioNEST scheme are to promote and establish Bioincubators in India which will:
  • Support and encourage startups and entrepreneurs in the biotech sector
  • Connect Industry and Academia and enable interactions for efficient exchange of knowledge as well as facilitate technical and business mentorship.
  • Provide enabling services and required mentorship for IP and Technology management, legal support, certifications, validation, regulatory requirements, resource mobilization and a unique networking platform.
• Funding: The BIRAC funding for the BIRAC BioNEST Centres will be done in alignment with the Government’s umbrella scheme ‘Biotechnology Research Innovation and Entrepreneurship Development’ (Bio-RIDE).

Source: DD News

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