Union Minister inaugurates CSIR-IIIM’s BioNEST-Bioincubator in Jammu aimed at providing alternative sources of livelihood to thousands of youth in the region

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