|
BIO-NIVESH Platform for Biotech Funding
The Union Minister of State (Independent Charge) for Science & Technology launches the BIO-NIVESH platform. The platform provides for connecting biotechnology startups with investors to increase private capital for innovations ready for scale-up and commercialisation.
BIO-NIVESH Platform:
| Dimension | Key Details |
|---|---|
| Platform format | It is envisaged as a recurring platform, with subsequent editions proposed across different cities to broaden participation and connect regional biotechnology innovation ecosystems. |
| Engagement mechanism | It comprises a two-way engagement mechanism that enables innovators to understand the investment lens while giving investors insight into scientific, regulatory, and development pathways of biotechnology. |
| Inaugural edition participation | The inaugural edition comprises 20 biotechnology and deep-tech startups and around 50 investors. |
| Startup selection criteria | Startups are selected on the basis of innovation, development stage, market potential, scalability, and regulatory readiness. |
| Session structure | The first session features direct startup-investor interactions, and the second session involves interaction between ministers, investors, and startups on access to capital, commercialisation, scale-up, and measures to support innovation-led growth. |
| Stated outcome | It provides for bridging promising ideas from research and entrepreneurship to industry, scale, and markets. |