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Union Minister Dr Jitendra Singh launched BIO-NIVESH on 3 September 2026, a platform designed to strengthen engagement between biotechnology innovators and private investors and catalyse the flow of private capital into biotechnology innovations for scale up and commercialisation. The platform functions under the Biotechnology Industry Research Assistance Council, or BIRAC, which has been designated a Second Level Fund Manager for biotechnology under the Rs 1 lakh crore Research, Development and Innovation Fund. The inaugural edition brought together 20 biotechnology and deep tech startups with around 50 investors, and the government plans to hold subsequent editions across other cities.