New Delhi: The Biotechnology Industry Research Assistance Council (BIRAC) that completed the five years of incorporation in March this year, is celebrating the success of its journey by organizing a BIRAC Innovators Conclave and Bio-Innovation Fair on 22 September, 2017 at New Delhi. The Theme for Conclave is “BIRAC Bio-Innovations: Propelling the Bioeconomy”.
Since its foundation in March 2012, the BIRAC has set its footprints across India and at all major global biotech destinations. As per BIRAC, it engages with more than 500 companies, and nearly 500 Young Entrepreneurs & Start-ups, who have received its financial and mentoring support.
There are more than 15 agencies both national and international who are BIRAC partners for implementing the various activities, nearly 700 national experts from academia, industry, public and private research laboratories and government/ministries department who are involved as experts and resource persons and facilitate the decision-making and monitoring of BIRAC activities. BIRAC is also playing an important role in the recently announced Startup India Action Plan for promoting the Biotech Innovation Ecosystem.
BIRAC has supported 25 Bioincubators and 2 Regional Centres for Entrepreneurship Development. The Innovation and Startup support has resulted in more than 100 Technologies and Products at different stages of Commercialisation.
Being the first of its kind organization in the biotech sector, BIRAC has surely made some impact on the innovation landscape which is clearly visible in terms of swelling numbers of innovators and startups.
The Innovators Conclave would bring together nearly 300 Innovators and Startups, Scientists from industry and academia, public and private sector, policy makers and national and international organisations. BIRAC will also showcase more than 75 Innovations at the Bio-Innovation Fair and is also organizing an Innovation Market Place on this occasion.
All stakeholders would converge to discuss the priorities for scaling up the entrepreneurs in the biotech innovation ecosystem and making India globally competitive in the biotech sector. This is also expected to be an excellent opportunity to explore new partnerships and leverage existing strengths to build the enterprise.