India, Oct. 1 -- Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, signed a Memorandum of Understanding (MoU) with Thermo Fisher Scientific (TFS) to accelerate innovation in India's biotechnology sector and nurture a strong pipeline of high-growth startups.
The partnership aims to support over 500 biotech startups in the next three years through strategic advisory, technology access, mentorship, and investor connect. As part of the MoU, TFS under Startup India, DPIIT's initiative Bharat Startup Grand Challenge (BSGC) will launch the BioVerse Challenge, a nationwide platform to identify and nurture India's most promising biotech entrepreneurs, and the BioVerse Mentors Circle to provide skill d...