Current Affairs - Technology - Discussion

Finance Minister Nirmala Sitharaman is set to inaugurate the dhaRti BioNest Incubation Centre at IIT Dharwad, a significant initiative to promote biotechnology innovation and entrepreneurship. The centre has already supported 15 startups, each receiving ₹50 lakh under the Elevate Karnataka scheme. The project received funding support of ₹5.2 crore from the MPLADS fund allocated by Nirmala Sitharaman and ₹5 crore from BIRAC. This collaboration aims to strengthen India’s startup ecosystem, particularly in the biotech sector, and enhance research-driven innovation through academic-industry partnerships at IIT Dharwad.