Biotechnology Industry Research Assistance Council (BIRAC):
To mark the completion of ten years of setting up of Biotechnology Industry Research Assistance Council (BIRAC), Biotech Startup Expo – 2022 was launched with the theme ‘Biotech Startup Innovations: Towards AatmaNirbhar Bharat.’
- BIRAC is a not-for-profit Public Sector Enterprise, set up by the Department of Biotechnology (DBT).
- Objective: To strengthen and empower the emerging Biotech enterprise to undertake strategic research and innovation, addressing nationally relevant product development needs.
- Functions:
- Providing access to risk capital through targeted funding.
- Technology transfer.
- IP management and handholding schemes that help bring innovation excellence to the biotech firms and make them globally competitive.
