Venture Center (Official Account)’s Post

The approval of the #BioE3 (Biotechnology for Economy, Environment and Employment) Policy marks a significant milestone for India’s biotechnology sector. This policy not only strengthens India’s commitment to a circular bioeconomy but also enhances opportunities for skill development and job creation, particularly in high-value sectors. At Venture Center, we are particularly excited about the potential of this policy to accelerate innovation and entrepreneurship, especially in #biomanufacturing with a focus on key areas like biomanufactured chemicals, precision #therapeutics, sustainable food systems, and #climateaction. #BioE3policy Premnath Venugopalan Dr. Shalini Singh Smita Kale Meghana Bhandari BIRAC Regional Bioinnovation Center (BRBC) Department Of Biotechnology, Government Of india ABLE - Association of Biotechnology Led Enterprises

The Union Cabinet cleared a proposal to bolster biotechnology-based manufacturing, called BioE3 (Biotechnology for Economy, Environment and Employment) Policy. The Bio-E3 Policy 2024 aims to boost high-performance bio-manufacturing in India. It is a strategic initiative by the Indian government to boost the bio-economy through enhanced bio-manufacturing, sustainable practices, and innovation in biotechnology. It focuses on improving energy efficiency, environmental sustainability and fostering collaboration between industry, academia, and government. The policy also emphasizes the development of skilled human resources and creating a robust regulatory framework to position India as a global leader in the bio-economy. The policy supports the establishment of Bio-manufacturing & Bio-AI hubs, fostering innovation-driven R&D, and entrepreneurship. Additionally, it aligns with national initiatives like ‘Net Zero’ and promotes a circular bioeconomy, aiming to create skilled jobs and position India as a leader in sustainable, green growth. Formally releasing the new Bioeconomy policy at the National Media Centre, Union Minister of State (I/C) Science and Technology, Dr.Jitendra Singh hailed India as the global torchbearer of the next Industrial Revolution. “BioE3 policy will prove to be a milestone not only for the bio-economy but a game changer for Viksit Bharat @2047.” References: https://lnkd.in/gcSbn_wE https://lnkd.in/gt9a_KRq https://lnkd.in/gi2Z9Er6 https://lnkd.in/gMM3Fwn9 #dobt #BioE3Policy #SustainableGrowth #BioEconomy #Innovation #GreenTech #ClimateResilience #BioManufacturing #NetZero #CircularEconomy #Biotechnology #R&D #IndiaLeads #FutureOfBiotech #TechForGood #niper #nipermohali #biotechnology

𝗜𝗻𝗱𝗶𝗮’𝘀 𝗕𝗶𝗼𝗘𝟯 𝗣𝗼𝗹𝗶𝗰𝘆: 𝗔 𝗚𝗮𝗺𝗲-𝗖𝗵𝗮𝗻𝗴𝗲𝗿 𝗳𝗼𝗿 𝗕𝗶𝗼𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆, 𝗘𝗰𝗼𝗻𝗼𝗺𝘆 & 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 Exciting developments in India's biotech landscape! The Union Cabinet has approved the #BioE3 #Policy (#Biotechnology for #Economy, #Environment, and #Employment), aiming to revolutionize biomanufacturing and boost sustainable growth. 𝗪𝗵𝗮𝘁 𝗶𝘀 𝘁𝗵𝗲 𝗕𝗶𝗼𝗘𝟯 𝗣𝗼𝗹𝗶𝗰𝘆? The BioE3 Policy #focuses on #high #performance #biomanufacturing #across #various #sectors, aligning with national goals like achieving a 'Net Zero' carbon economy and fostering a circular bioeconomy. 𝗞𝗲𝘆 𝗢𝗯𝗷𝗲𝗰𝘁𝗶𝘃𝗲𝘀: 1. 𝘐𝘯𝘯𝘰𝘷𝘢𝘵𝘪𝘰𝘯 & 𝘙&𝘋: Encouraging breakthroughs in biotechnology and entrepreneurship. 2. 𝘉𝘪𝘰-𝘈𝘐 & 𝘉𝘪𝘰-𝘧𝘰𝘶𝘯𝘥𝘳𝘪𝘦𝘴: Establishing hubs for biomanufacturing across the country, particularly in tier-II and tier-III cities. 3. 𝘞𝘰𝘳𝘬𝘧𝘰𝘳𝘤𝘦 𝘋𝘦𝘷𝘦𝘭𝘰𝘱𝘮𝘦𝘯𝘵: Expanding India’s skilled biotechnology workforce. 4. 𝘌𝘵𝘩𝘪𝘤𝘢𝘭 & 𝘎𝘭𝘰𝘣𝘢𝘭 𝘊𝘰𝘮𝘱𝘦𝘵𝘪𝘵𝘪𝘷𝘦𝘯𝘦𝘴𝘴: Aligning with global standards to ensure responsible and competitive growth. 𝗖𝗼𝗿𝗲 𝗧𝗵𝗲𝗺𝗲𝘀: i. Bio-based Chemicals & Enzymes for environmental sustainability. THE CATALYSTS GROUP is a key player in this theme, #providing cutting-edge, tailor-made enzyme and chemical #solution #to the #Distilling, #Sugar, and #Brewing #industries, enhancing efficiency and sustainability. ii. Smart Proteins & Functional Foods for food security. iii. Precision Biotherapeutics to improve healthcare. iv. Climate-Resilient Agriculture. v. Carbon Capture & Utilization. vi. Marine & Space Research for the future of biomanufacturing. This policy is set to generate jobs, boost local economies, and help India lead in sustainable biotechnological innovations. #Biotechnology #BioE3 #SustainableGrowth #CircularEconomy #NetZero #BioManufacturing #Innovation #BioAI #ClimateAction #FoodSecurity #PrecisionMedicine #CarbonCapture #IndiaBiotech #TheCatalystsGroup #EnzymeSolutions

𝐈𝐧𝐝𝐢𝐚 𝐔𝐧𝐯𝐞𝐢𝐥𝐬 𝐆𝐚𝐦𝐞-𝐂𝐡𝐚𝐧𝐠𝐢𝐧𝐠 𝐁𝐢𝐨𝐄𝟑 𝐏𝐨𝐥𝐢𝐜𝐲: 𝐀 𝐍𝐞𝐰 𝐄𝐫𝐚 𝐟𝐨𝐫 𝐇𝐢𝐠𝐡-𝐏𝐞𝐫𝐟𝐨𝐫𝐦𝐚𝐧𝐜𝐞 𝐁𝐢𝐨𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠🌱 The Ministry of Science and Technology has just released its groundbreaking BioE3 policy, marking a transformative step towards advancing India's bio-economy. Formally introduced by Union Minister of State (I/C) Science and Technology, Dr. Jitendra Singh, this policy is set to propel India into the forefront of the next Industrial Revolution. 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: o The BioE3 policy aims to "Foster High-Performance Biomanufacturing" in alignment with national goals like the 'Net Zero' carbon economy and Mission LiFE (Lifestyle for Environment). o The policy emphasizes six key areas, including bio-based chemicals, functional foods, smart proteins, precision biotherapeutics, carbon capture, and its utilization. o With India's bio-economy soaring from $10 billion in 2014 to over $130 billion in 2024, the BioE3 policy is projected to drive this figure to $300 billion by 2030. o The policy supports biotechnology research, start-ups, and the PPP model, fostering green growth and employment generation. 𝐖𝐡𝐲 𝐈𝐭 𝐌𝐚𝐭𝐭𝐞𝐫𝐬:  This policy is a significant leap forward for India's bio-economy, promising substantial advancements in sectors like food, energy, and health. By integrating biotechnology with national sustainability initiatives, the BioE3 policy not only addresses climate challenges but also harnesses India's vast biodiversity and bio-resources. Expect advancements in functional foods, precision therapeutics, and carbon capture technologies, which will enhance sustainability and health outcomes. With ambitious targets, the policy will drive investment, innovation, and job creation in the biotechnology sector. By promoting green biomanufacturing practices and climate-resilient agriculture, the policy supports India's environmental and climate goals. This underscores India's potential as a global leader in biotechnology and innovation. The policy is set to be a milestone for India’s journey towards a sustainable and prosperous future. #BioE3 #Bioeconomy #Biomanufacturing #Innovation #Sustainability #NetZero #MissionLiFE #India2024 #GreenGrowth #Technology #PolicyUpdate https://lnkd.in/dMXp3eXZ Disclaimer: The Content in this post is for informational purposes only derived from references and does not constitute any professional advice. We do not claim ownership of any data or Information referenced.

#Biotechnology on the #RISE! The Department of Biotechnology in India is implementing the #BioRIDE scheme to promote biotechnology research, innovation, and entrepreneurship. The scheme aims to accelerate bio-entrepreneurship, strengthen India's position in biomanufacturing, and bridge the gap between industry and academia. It also focuses on sustainable biomanufacturing and nurturing human resources in the biotechnology sector. The scheme is aligned with India's green goals and aims to make India a global leader in biotechnology. The cabinet approved Rs. 9197 cr. to implement the #BioRIDE scheme during the 15th Finance Commission period from 2021-22 to 2025-26. The scheme will take great strides in making #India a #ViksitBharat & #Atmanirbhar Bharat. #BioE3 policy #BioRIDE scheme #Biotechnology #CircularBioeconomy #Biomanufacturing #Biofoundry #Gloabal #Leader in #Biotechnology Rajesh Gokhale Department of Biotechnology Ministry of Earth Sciences CSIR India CSIR NIScPR MyGov India

Hey folks! Did you know that India is making waves in the biotech world? Our Bio Economy has soared past $130 billion in 2024, putting us at the forefront of innovation globally. From game-changing biopharmaceuticals to groundbreaking bioagriculture, India's diverse biotech sectors drive us towards a colossal $5 trillion economy. With impressive strides in biosimilars, organic farming, and industrial biotech, we're not just shaping the future – we're defining it. Let's continue our innovation journey towards a more sustainable and prosperous world. #biotechnology #biotech #biotechnologist #biosimilars #researchanddevelopment #science #scienceandtechnology #sciencecommunication #innovation #collaborations #skillindia #startupindia #india

The #BioE3 policy introduced by the Indian government is set to #revolutionize the #biotechnology sector, aiming to position India as a global leader in the field. The policy focuses on six key thematic sectors: 🌿 Bio-based chemicals and enzymes: Creating sustainable alternatives such as #biopolymers and industrial #enzymes. 🩺 Precision biotherapeutics: Advancing #medical biotechnology for personalized treatments. 🌾 Climate-resilient agriculture: Improving crop resilience and #agricultural productivity. 🌍 Carbon capture and utilization: Developing methods to capture and repurpose #carbon #emissions. 🚀 Futuristic marine and space research: Exploring biotechnology applications in extreme #environments. This policy marks a crucial milestone in India's journey towards biotechnology #innovation and #sustainable manufacturing. Despite challenges, its holistic approach to research, infrastructure, and workforce development paves the way for transformative growth of India in the bioeconomy sector. #growingindia #globalleader #bioe3 #sustainablefuture #carbonzero #biotechnology #bioeconomy

BioE3: #India's #Biotech Revolution Ignites a #Greener #Future The #BioE3 Policy was recently approved, paving the way for a greener, brighter future. This groundbreaking initiative fosters high-performance #biomanufacturing, transforming traditional processes with cutting-edge biotech solutions. BioE3 promises: - #Sustainable Growth: Tackles climate change and drives #decarbonization. - #Innovation Hubs: Biomanufacturing & Bio-AI facilities accelerate #commercialization. - #Skilled Workforce: Empowers a new generation of #bio-experts. - #Entrepreneurial Spirit: Fuels job creation and fosters a vibrant ecosystem. BioE3 aligns with India's vision for #Viksit #Bharat by 2047, promoting a regenerative #bioeconomy for a sustainable future. #ViksitBharat #Biotechnology #Biomanufacturing #India #BioE3 #Sustainability #Innovation #GreenGrowth #Pharmaceuticals #MedTech #Cosmeceuticals #AgriTech #ResearchandDevelopment #Lifesciences

The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, recently merged two Department of Biotechnology schemes under one combined scheme—Biotechnology Research Innovation and Entrepreneurship Development (Bio-RIDE). The new scheme will incorporate biomanufacturing and biofoundry as well.   Biomanufacturing harnesses living cells to produce valuable products like fuels, chemicals, and pharmaceuticals, playing a pivotal role in healthcare and sustainability. With a proposed outlay of ₹9,197 crore, the Bio-RIDE initiative aims to boost innovation, support bio-entrepreneurship, and solidify India's status as a global leader in biotechnology. Read more: https://lnkd.in/dN4hztqb #Biomanufacturing #BioEconomy #Innovation #Sustainability #Healthcare

In late 2023, India celebrated a milestone achievement in biotechnology with the successful commercialization of a novel agricultural biotech product aimed at enhancing crop resilience and yield. This breakthrough innovation, developed by Indian biotech companies in collaboration with research institutions, empowered farmers with cutting-edge technology to mitigate the impacts of climate change and increase agricultural productivity sustainably. By leveraging biotechnology, India took a significant step towards ensuring food security, promoting rural development, and fostering agricultural sustainability for the nation's future.