Chandigarh, Sept. 23 -- BioNEST-Panjab University (PU), an incubator and accelerator for innovative startups, has announced financial assistance of Rs.85 lakh to eight startups under the third call for proposals of the Start-up Entrepreneurship and Enterprise Development (SEED) Fund.

The initiative, supported by the Biotechnology Industry Research Assistance Council (BIRAC), aims to support startups that have achieved proof-of-concept and are now ready to scale up.

PU vice-chancellor Renu Vig stated that the selected startups hail from Rajkot, New Delhi, Bengaluru, Mumbai, Mohali, and Chandigarh. The equity-based funding will help them overcome early-stage challenges and move closer to commercialisation.

The funding specifically target...