Indian Govt's Start-up India campaign to boost innovation in biotech/ pharma sectors

The Indian government has launched its ambitious Start-up India campaign with the aim to give a leg-up to the investment ecosystem and boost innovation.

The campaign has come as good news for the beginners in the pharma and biotech sector as the multi-point plan now offers government assistance in the face of failure. Further, the government has also promised to provide an easy way out.

The 19-point action plan under the Start-up India campaign not only provides tax waivers but also encourages public private partnership model for 35 new incubators, 31 innovation centers at national institutes and seven research parks, and five new bio-clusters.