C-CAMP gets ₹500 crore under RDI Fund to back deeptech startups

Bengaluru's Centre for Cellular and Molecular Platforms (C-CAMP) will receive ₹500 crore under the Centre's Research, Development and Innovation (RDI) Fund to support deeptech startups, Deccan Herald reported. C-CAMP plans to partner with private investors to build a consortium with funding exceeding ₹1,000 crore for startups developing technologies in healthcare, agriculture and environmental sustainability. The RDI Fund supports research and innovation through government-backed financing; this award channels it through an established life-sciences and biotech incubator. Details of the consortium's partners, instrument and deployment timeline have not been disclosed in the report.

DTT summary based on Deccan Herald's report. The full article is on the publisher's site.