The Odisha Biotechnology Policy 2024 aims to prioritize key areas for both basic and applied research, as well as technological innovation, by encouraging collaboration between industry, academia, and society. The policy outlines a detailed framework that includes both financial and non-financial incentives, in addition to marketing assistance, to support the growth and development of the sector. By establishing an environment that supports biotechnology innovation and business creation, the Policy aims to enhance the State's role in the Biotech field and also ensure that these advancements have a significant positive impact on the wider socio-economic environment.
The Government of Odisha shall encourage Universities/Institutions/Agencies to establish Biotechnology Enterprises and Skill Development Schools and conduct specialized short-term courses in business management, entrepreneurship development, bio-safety, bio-ethics and intellectual property rights to enhance the competitiveness. The Government will set up incubators either it's own or in partnership with private sector.
The Government of Odisha will extend financial support to universities, industries and research institutes for protection of intellectual Property Rights through filing of patents.
Government of Odisha has set up an Industrial Infrastructure Development Fund with an initial corpus of Rs.100 crore to be utilized for development of quality infrastructure.
The Entrepreneur can choose to avail a particular incentive under either this policy, IPR or any other sectoral policy.
| Land |
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| Soft Loan Assistance |
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| Employment Generation |
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| ESI/ EPF Assistance |
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| Technology acquisition and upgradation |
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| Promotional Assistance |
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| Marketing Assistance |
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| Registration of patents, GI, Trademark & Design |
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| Governed Regulations |
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