Finance Minister Nirmala Sitharaman to Inaugurate dhaRti BioNest Incubation Centre at IIT Dharwad

Context

Finance Minister Nirmala Sitharaman is set to inaugurate the dhaRti BioNest Incubation Centre at IIT Dharwad this evening. The initiative aims to boost innovation and entrepreneurship in biotechnology, healthcare, and deep technology sectors.

Key Highlights

• The dhaRti BioNest Incubation Centre at IIT Dharwad will provide comprehensive support to start-ups and entrepreneurs in biotechnology, deep tech, and healthcare domains.
• The centre has already supported 15 start-ups, which have benefited under the Elevate Karnataka scheme.
• Each start-up received ₹50 lakh seed funding to promote early-stage innovation and product development.

Significance

• Strengthens the innovation and start-up ecosystem in India, particularly in Tier-II regions like Dharwad.
• Encourages the growth of biotech and healthcare-based entrepreneurship, aligning with India’s goal of becoming a global bio-economy hub.
• Reflects the growing synergy between academic institutions and government-backed funding mechanisms.
• Promotes regional innovation clusters and helps translate research into commercially viable solutions.
  
  Updated - October 14, 2025 2:33 PM | News On Air