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AIC-CCMB gets ₹5 25-crore grant by DST to support life sciences start-ups

AIC-CCMB gets ₹5.25-crore grant by DST to support life sciences start-ups January 22, 2021 × Start-ups can get up to ₹25 lakh, and in exceptional cases, can be awarded ₹1 crore The Atal Incubation Centre-Centre for Cellular & Molecular Biology (AIC-CCMB), Hyderabad has been awarded the NIDHI-Seed Support System (Nidhi-SSS) grant of ₹5.25 crore by the National Science & Technology Entrepreneurship Development Board, Department of Science and Technology, GoI. The scheme aims to ensure timely availability of seed fund to deserving start-ups. Start-ups can get up to ₹25 lakh, and in exceptional cases, can be awarded ₹1 crore. Development of Covid solutions AIC-CCMB has successfully supported over 40 life science start-ups in the last three years, all working in the areas of human and animal health as well as industrial biotechnology. Start-ups at AIC-CCMB played a pivotal role in developing Covid-19 solutions for diagnostic, therapeutics and food supplements.

CCMB s Atal Incubation Centre gets ₹5 25 cr seed support grant

Scheme aims to ensure timely availability of seed fund to deserving start-ups The Atal Incubation Centre - Centre for Cellular & Molecular Biology (AIC-CCMB) has been awarded the ‘NIDHI-Seed Support System’ (NIDHI-SSS) grant of ₹5.25 crore by the National Science & Technology Entrepreneurship Development Board (NSTEDB) of Department of Science and Technology (DST) on Thursday. The scheme aims to ensure timely availability of seed fund to deserving start-ups which can get up to ₹25 lakh and in exceptional cases, can be awarded ₹1 crore as seed support in the early stages of their journey for market access and scale-up. “This grant will support efforts of start-ups and ensure their leads reach the market as life sciences is a very capital intensive field where the development time is longer than any other sector. Time and money required for various validation and regulatory clearances for bringing a product to the market puts a huge pressure on the entrepreneur. We have

Coronavirus LIVE Updates: India s COVID-19 Tally Rises To Over 1 02 Crore, 1 48 Lakh Deaths

Coronavirus Cases in India: The recovery rate is 95.99 per cent. New Delhi: Amid global fears over the new mutant strains of coronavirus, detected in the United Kingdom and South Africa, India recorded 20,549 fresh infections in the last 24 hours taking the COVID-19 caseload to 1,02,44,852. The recoveries crossed 98 lakh, according to the Union Health Ministry data updated on Wednesday. The death count increased to 1,48,439 with 286 new fatalities, the data updated at 8 am showed. The number of people who have recuperated from the disease surged to 978,34,141 pushing the national recovery rate to 95.99 per cent, while the COVID-19 case fatality rate stands at 1.45 per cent.

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