Cabinet Gives Nod to Bio-RIDE Scheme to Support R&D in Biotechnology

The Union Cabinet has approved the Biotechnology Research Innovation and Entrepreneurship Development (Bio-RIDE) scheme to boost biotechnology research, innovation, and entrepreneurship with an outlay of ₹9,197 crore for the 15th Finance Commission period (2021-22 to 2025-26).

The scheme merges two existing programs — Biotechnology Research and Development (R&D) and Industrial and Entrepreneurship Development (I&ED) — and introduces a new component called ‘Bio-manufacturing and Bio-foundry.’ This initiative aims to foster innovation, strengthen bio-entrepreneurship, and elevate India’s global position in bio-manufacturing and biotechnology.

It will support research, product development, and the transition from academic research to industrial applications, aligning with national and global goals in healthcare, agriculture, sustainability, and clean energy.

Key Components and Focus Areas

Unified Scheme: Combines Biotechnology R&D, I&ED, and introduces ‘Bio-manufacturing and Bio-foundry’ components.

Financial Outlay: ₹9,197 crore for implementation during the 15th Finance Commission period (2021-22 to 2025-26).

Objectives: Drive innovation, support startups, and promote bio-entrepreneurship with seed funding, incubation, and mentorship.

Target Areas: Research grants will focus on synthetic biology, bio-pharmaceuticals, bio-energy, and bio-plastics, with a significant emphasis on sustainable practices in bio-manufacturing aligned with India’s green goals.