Q. Consider the following statements about BioNEST Scheme:
1. It stands for Bio-Incubators Nurturing Entrepreneurship for Scaling Technologies.
2. It has been launched by Biotechnology Industry Research Assistance Council (BIRAC).
Which of the above given statement is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C
Notes:

Explanation: BioNEST Scheme

  • BioNEST stands for Bio-Incubators Nurturing Entrepreneurship for Scaling Technologies.
  • It has been launched by Biotechnology Industry Research Assistance Council (BIRAC).
  • Its aim is to foster the biotech innovation ecosystem in the country by creating globally competent bio-incubation facilities across the country.

Source: ForumIAS EPIC May 2022

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