Current Affairs in Biotechnology

March 20, 2017
EU s rules on genetically

Union national on 19 March 2015 launched Biotechnology Industry Research Assistance Council (BIRAC) AcE Fund to speed up development of business owners in Biotechnology.

It was announced by Minister of State (MoS) for Science and tech (S&T) and world Sciences Y.S. Chowdary in the event of this 3rd basis day's BIRAC in New Delhi.

The BIRAC AcE Fund aims to address the pushing requirements of accelerating the development of entrepreneurs, in neuro-scientific Biotechnology.

This equity investment is going to be operated by BIRAC a Public Sector Undertaking (PSU) beneath the aegis division of Biotechnology (DBT) of Union Ministry of Science and tech.

Apart from starting the investment, MoS for S&T and Earth Sciences in addition inaugurated a-two time Panel discussions centered at making biotechnology as one of the drivers of this ‘Make in Asia’ Programme.

About Biotechnology Business Research Aid Council (BIRAC)

  • BIRAC works as a PSU beneath the aegis of this division of Biotechnology (DBT), Union Ministry of Science & tech.
  • Founded: 2012.
  • Function: It is mandated to foster and market development study in biotech industries particularly start-ups and SMEs.
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