NIDHIAccording to him, the National Initiative for Developing and Harnessing Innovations (NIDHI), an umbrella programme that had been launched a year ago, is expected to spur innovations and nurture them into successful start-ups. The scheme has been formulated in a manner that its eight components addressed the national aspirations and the ground realities associated with launching start-ups in the country. These included NIDHI-PRAYAS that is meant to support budding entrepreneurs from the ideation stage to creation of the prototype, NIDHI-Seed for providing early-stage investment, and NIDHI-CoE for establishing centres of excellence to help start-ups to go global. Dr. Vardhan said the DST had established over 110 technology business incubators, focusing on the domain of technology, in educational institutions and research and development (R&D) centres across the country. Biopharma missionIn the field of biotechnology, the government has launched the National Biopharma Mission to accelerate biopharmaceutical development in the country.

Source: The Hindu July 02, 2017 18:11 UTC