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Biotechnology Industry Research Assistance Council (BIRAC) An autonomous, dynamic, flexible and futuristic organization to support the growth of Indian biotech industry, particularly, Start-ups and Small and Medium Enterprises. As a next step, BIRAC shall serve as DBT’s interphase agency for Industry -Academia and shall aim to support and nurture the emerging biotech entrepreneurs.
Mission and Vision of BIRAC
Mission of Biotechnology Industry Research Assistance Council (BIRAC) is to facilitate and mentor the generation and translation of innovative ideas into viable bio-enterprises, create products and services for the industry and encourage entrepreneurship.
The Vision is to become an autonomous operational structure which can operate with a unique methodology nurturing the high risked projects which hold potential of commercialization. BIRAC would also act as a mentor and perform capacity building activity for Biotechnology Industry and Academia. BIRAC can be visualized as an organization with four unique vertical s to support it’s mandate.
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Nurturing innovation by mentoring and funding high risked projects by itself and on behalf of multiple partners.
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Promoting Public Private Partnership programmes.
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Project management and other innovation support services.
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Build Strategic Alliance for providing essential need based services to the Industry particularly small and medium industry (ies).
This will be a unique initiative of the Government of India to promote the growth of Indian Biotechnology Industry.
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