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What is the News?
The Union Minister of Science & Technology has launched the BioNEST Scheme in Jammu.
What is the BioNEST Scheme?
Launched by: BIRAC
Full-Form: BioNEST stands for Bio Incubators Nurturing Entrepreneurship for Scaling Technologies.
Aim: To foster the biotech innovation ecosystem in the country by creating globally competent bioincubation facilities across the country.
Mandate: To provide incubation space to entrepreneurs and Startups along with shared access to high-end infrastructure, specialized and advanced equipment, business mentorship, IP, legal and regulatory guidance and networking opportunities.
Eligibility: The scheme provides support to establish bio-incubators either as a standalone entity or as a part of academia.
Achievements: Through the BioNEST scheme, BIRAC has supported 60 bioincubators.
Source: This post is based on the article “Union Minister inaugurates CSIR-IIIM’s BioNEST-Bioincubator in Jammu aimed at providing alternative sources of livelihood to thousands of youth in the region” published in PIB on 23rd April 2022