AI-Generated Summary

India's Department for Promotion of Industry and Internal Trade (DPIIT) has signed an MoU with Thermo Fisher Scientific to accelerate innovation within the country's biotech startup ecosystem. This strategic partnership aims to support over 500 biotech startups in the next three years through advisory services, technology access, mentorship, and investor connections. Key initiatives include the BioVerse Challenge and BioVerse Mentors Circle, designed to identify, train, and provide funding opportunities for promising entrepreneurs.

In a nutshell

This initiative represents a significant public-private collaboration focused on fostering biotechnology development in an emerging global market. It highlights the critical role of strategic partnerships in nurturing innovation and expanding access to advanced biotech techniques and entrepreneurial know-how.

Source: The Statesman