Question

19. Which of the following statements is/are correct regarding the programme – Innovate in India –?
1. It seeks to provide financing support to technology intensive start-ups.
2. It is an initiative of the Ministry of Science and Technology.
3. It is a World Bank assisted programme.
4. Programme will run with the association of academia and Industries.
Select the correct answer using the code given below:

• A. Only 1, 2 and 3
• B. Only 2, 3 and 4
• C. Only 3 and 4
• D. Only 2 and 4

Answer 1

The correct option is B Only 2, 3 and 4

This is a programme of the Department of Biotechnology (DBT), Ministry of Science & Technology, is a first- of-its-kind mission that brings together industry and academia to promote entrepreneurship and indigenous manufacturing in the biopharmaceutical sector. This flagship programme of the GOI in collaboration with World Bank will be implemented by Biotechnology Industry Research Assistance Council (BIRAC), a Public Sector Enterprise, set up by Department of Bio-Technology.