New Delhi, Oct. 1 -- The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with Thermo Fisher Scientific (TFS) to strengthen India's biotechnology ecosystem and support the growth of high-potential startups.

The partnership, under DPIIT's Startup India initiative, aims to nurture over 500 biotech startups in the next three years through strategic mentorship, technology access, investor connect, and skill development.

As part of the collaboration, TFS and DPIIT will launch the BioVerse Challenge, a nationwide platform to identify and support 100 high-potential biotech entrepreneurs with advisory, subsidised R&D access, and investor linkages.

In addition, the BioVerse Mentors C...