Government to launch special incentive scheme to support 75 start-ups in telemedicine, digital health, and AI

The government will soon launch a special incentive scheme to support 75 start-ups in areas of telemedicine, digital health and artificial intelligence, Science and Technology Minister Jitendra Singh said on Wednesday.

The scheme will be launched by the Biotechnology Industry Research Assistance Council (BIRAC), a public sector enterprise under the Department of Biotechnology (DBT), he said.

Interacting with the board of directors of BIRAC, the minister said the grand challenge to identify the top 75 innovations is the most appropriate task in the 75th uyear of India’s independence that will promote R&D in the health sector at a time when the humanity the world over is dealing with the challenges posed by the COVID-19 pandemic, a Science and Technology Ministry release said.

BIRAC has been promoting and supporting new ventures under the Start-up India and Make in India programmes in areas of biotechnology ecosystem growth. It has given funding support of over Rs 2,128 crore to more than 1,500 start-ups, enterprises and SMEs, according to a statement. From supporting less than 50 biotechnology start-ups in 2012 with innovative funding of less than Rs 10 crore, BIRAC is now funding over 5,000 biotechnology start-ups with over 2,500 crore, it said. targets to support more than 10,000 biotechnology start-ups, the statement said.

Singh also launched the e-office of BIRAC and the BIRAC e-Office software was made live.

(Only the headline and picture of this report may have been reworked by The Tatva’s staff; the rest of the content is auto-generated from a syndicated feed.)