First National Call of ₹2,000 Crore BIRAC–RDI Fund was announced under ₹1 Lakh Crore Research, Development, and Innovation (RDI) Initiative to boost Biotech Sector.
About BIRAC-RDI Fund
- Overview: Launched in November 2025 under the Anusandhan National Research Foundation (ANRF), anchored by the Department of Science & Technology (DST).
- Key Features & Focus Areas:
- Aim: To bridge the gap between laboratory research and industrial-scale manufacturing ("Lab-to-Industry").
- It supports technologies Technology Readiness Level (TRL) 4 and above through a mix of equity, convertible instruments, and long-term debt.
- Fund Manager: The Biotechnology Industry Research Assistance Council (BIRAC)
- Sectors: It complements the BioE3 Policy and targets next-generation products in Biopharma, Bio-industrial manufacturing, Bioenergy, etc.
- Aim: To bridge the gap between laboratory research and industrial-scale manufacturing ("Lab-to-Industry").
About RDI (Research, Development, and Innovation) Scheme
- Under the aegis of the Department of Science and Technology (DST), Government of India, and the Anusandhan National Research Foundation (ANRF).
- Financial Outlay: ₹1 lakh crore over six years, including ₹20,000 crore in FY 2025-26.
- Objectives:
- Encouraging Private Sector Involvement: in cutting-edge research and innovation.
- Promoting Strategic Technologies such as deep tech, biotech, AI, etc.
- Fostering Self-Reliance and Economic Security.
India’s Bioeconomy SectorIndia's bioeconomy has grown from $10 billion in 2014 to $165.7 billion in 2024, with a target of $300 billion by 2030. Key Initiatives:
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