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
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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.