India, March 11 -- The Government of Karnataka has allocated Rs 57 crore for the reconstruction of the Bangalore Bioinnovation Centre (BBC), which suffered extensive damage due to a fire on January 14, 2025. The announcement was made by Chief Minister Siddaramaiahduring the Karnataka Budget 2025, reinforcing the state's commitment to revitalizing its biotech ecosystem.

Located in Electronics City, the Bangalore Bioinnovation Centre serves as a vital incubation hub for biotechnology startups and research initiatives. The fire caused severe damage to high-end laboratory equipment and valuable research materials, disrupting the progress of numerous startups and research projects. Recognizing the centre's critical role in Karnataka's biotech...