The Prime Minister, Shri Narendra Modi inaugurated the Biotech Startup Expo – 2022 at Pragati Maidan on June 9. He also launched Biotech products e portal.
- To celebrate 10 years of Biotechnology Industry Research Assistance Council (BIRAC)’s enabling efforts towards progressing India’s Biotech Sector, the expo was organized on 9-10th June, 2022 at Pragati Maidan, New Delhi.
- India’s bio-economy has grown 8 times in the last 8 years. It has grown from $10 billion to $80 billion.
- Number of Bio tech incubators have increased from 6 in 2014 to 75 now. Biotech products have increased form 10 products to more than 700 today.
About BIRAC
- Biotechnology Industry Research Assistance Council (BIRAC) set up by DBT on 20th March, 2012, is an Industry-Academia Interface Agency to strengthen and empower the emerging Biotech enterprise, to undertake strategic research and innovation, addressing nationally relevant product development needs.
- BIRAC’s mandate is to foster and promote innovation research and development of products/technologies in the biotech sector by industries, especially start-ups and SMEs to address unmet needs.
