The Biotechnology Industry Research Assistance Council (BIRAC) celebrated its 6th Foundation Day on 20th March Day in New Delhi.
The celebration was themed as ‘Sustaining Innovation – A Market-Driven Pathway. A large number of dignitaries from the scientific and industry sectors both from within the country and overseas participated in the event
The celebration was themed as ‘Sustaining Innovation – A Market-Driven Pathway. A large number of dignitaries from the scientific and industry sectors both from within the country and overseas participated in the event
Achievements of BIRAC
- BIRAC has played a critical role in supporting the entrepreneurial aspirations of brightest minds in the country through its programs and mentor support networks in keeping with the Government’s mandate. Through these efforts, India has been able to develop affordable products and technologies that will better the lives of our people.
- BIRAC has played in bringing together healthcare, entrepreneurship and science.
- From affordable devices or diagnostics to treatments, BIRAC supported innovators and technologies are on their way to changing healthcare in India and beyond.’
- BIRAC has supported over 650 projects, more than 500 start-ups, & entrepreneurs, and 30 incubators across the country in six years
Roles of BIRAC
- BIRAC implements a wide range of high impact initiatives providing access to risk capital through targeted funding, facilitating technology transfer, and supporting intellectual property management and handholding schemes for biotech firms to make them globally competitive.
- BIRAC has 10 flagship schemes that are supported by funding from the Department of Biotechnology and manages 7 collaboratively funded programs
- It tries to galvanize the social impact by piloting research and extension services within a series of thematic calls and other global definite initiatives to improve public health and beyond.
About BIRAC
Biotechnology Industry Research Assistance Council is a not-for-profit Public Sector Enterprise, set up by Department of Biotechnology (DBT), Ministry of Science and Technology Government of India. It was set up to empower the emerging biotech industry to undertake strategic research and innovation.Expected Questions
What does R stand for in BIRAC?
a. Research
b. Rejuvenate
c. Readable
d. Reassurance
