BioE3 Policy: Biofoundry Network and Youth Challenge Launched
Why in the news
The Science and Technology Minister marked one year of BioE3 with a youth contest and the country’s first biofoundry network.
| Year | Bioeconomy |
|---|---|
| 2014 | $10 billion |
| 2024 | $165.7 billion |
| 2030 target | $300 billion |
About the policy
- Strategy of the Department of Biotechnology to power growth, sustainability and jobs, in line with Atmanirbhar Bharat.
- Backs biomanufacturing hubs, biofoundries and bio-AI hubs.
- R&D areas: cell and gene therapy, climate-smart agriculture, carbon capture, functional foods.
- The National Biofoundry Network scales proof-of-concept ideas.
Exam angle
- Nodal body: DBT.
- Year of launch: 2024.