CAWACH: Established by GoI to support startups working on COVID-19
The Department of Science and Technology has set up a Centre for Augmenting WAR with COVID-19 Health crisis. The centre is to be established at Rs 56 crores.
The CAWACH is being established by the DST to support the start-ups. It is to be implemented by SINE, IIT Bombay. The initiative will help identify innovative solutions to address the country’s need in diagnostics, ventilators and therapeutics.
The Programme will also guide the startups if in need at various stages. The expertise of DST will be deployed to support the startups in order to fast track the journey and scale up across geographies.
Key Features of the Initiatives
The initiative will also help in fund deployment for the startups. It will identify 50 innovative startups based on factors such as novelty, cost, solutions for sanitizers, therapeutics, disinfectants, respiratory aids, informatics and protective gears.
What is SINE?
SINE is Society for Innovation and Entrepreneurship. It is an incubator for technology solutions at IIT Bombay and is supported by Department of Science and Technology.
Category: Government Schemes Current Affairs