January 13, 2025

Innovation of Environmentally Sustainable Technology; CEIIC Focused on Supporting Startups

Date:

Share post:

Consolidated details of funds allocated and funds spent in the innovation of environmentally sustainable technology in the last five years, as well as year-wise, is placed below:-(Rs in crores)

 Year-wise

Funds allocated

Funds spent

2017-18

267.09

266.13

2018-19

310.38

296.19

2019-20

181.02

177.92

2020-21

145.41

148.58

2021-22 (as on 16-03-2022)

182.86

177.75

Total for last Five Years

1086.76

1066.57

Department of Biotechnology, Ministry of Science and Technology has  scheme for Industrial and Entrepreneurship Development (I&ED), and The Department through its public sector undertaking, Biotechnology  Industry Research Assistance Council supports various start-ups under the thematic area “Energy Environment and Secondary Agriculture” for the development of environmentally sustainable technologies through various schemes such as Biotechnology Industry Partnership Programme (BIPP); Small Business Innovation Research Initiative (SBIRI); Social Innovation Programme for Products: Affordable & Relevant to Societal Health (SPARSH); Biotechnology Ignition Grant (BIG); Sustainable Entrepreneurship & Enterprise Development (SEED) Fund; Launching Entrepreneurial Driven Affordable Products (LEAP) Fund and Synthetic Biology.

A dedicated incubator – Clean Energy International Incubation Centre (CEIIC) focused on supporting startups working in the area of clean technology has been set up under the BioNEST scheme in collaboration with Tata Trusts under Mission Innovation. Apart from the above, recognized academic institutions and research organizations registered as NGOs are also being supported under the scheme “Biotechnology Research and Development” based on the merit of the research and development proposals. A total of Rs. 31.21 crores have been allocated for startups and NGOs working for research and development for innovation of environmentally sustainable technology in the last three years. (Rs in crores)

Year

2019-20

2020-21

2021-22

Total

Amount Sanctioned

16.04

10.14

5.03

31.21

This information was given by Minister of State (I/C) of the Ministry of Science and Technology and Earth Sciences, Dr. Jitendra Singh in a written reply in Lok Sabha today.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Tourism and Employment Opportunities in Hamirpur

Chief Minister Thakur Sukhvinder Singh Sukhu today laid the foundation stone of the proposed Economic Development and Livelihood...

‘Make in India’ Hits New Heights: Syrma SGS Launches High-Tech Laptop Assembly Line in Chennai

In a groundbreaking development for India’s electronics manufacturing sector, Union Minister of Electronics and Information Technology, Railways, and...

कांग्रेस सरकार की नाकामियों पर जयराम ठाकुर ने उठाए सवाल

पूर्व मुख्यमंत्री एवं नेता प्रतिपक्ष जयराम ठाकुर ने शिमला से जारी बयान में कहा है कि सरकार के...

हिमाचल प्रदेश के पीएम श्री स्कूलों में ‘एक राष्ट्र-एक चुनाव’ पर स्नेहा शर्मा ने जीता पहला स्थान

हिमाचल प्रदेश के पीएम श्री स्कूलों की राज्य स्तरीय प्रतियोगिताओं में 'एक राष्ट्र-एक चुनाव' विषय के पक्ष में...