Biotechnology Industry Research Assistance Council
Overview
Established by the Department of Biotechnology, Ministry of Science & Technology, Government of India, the Biotechnology Industry Research Assistance Council (BIRAC) is a not-for-profit public sector enterprise. Its primary objective is to strengthen and empower emerging biotech enterprises to undertake strategic research and innovation, addressing nationally relevant product development needs. BIRAC serves as an interface agency, facilitating the transformation of the rapidly growing biotechnology sector in India, including med-tech, to achieve global excellence. BIRAC's mandate includes catalyzing the development of affordable products that address the needs of the largest section of society. The organization implements its mission through various mechanisms, such as providing access to risk capital via targeted funding, technology transfer, intellectual property management, and support schemes that help biotech firms achieve innovation excellence and global competitiveness. BIRAC's vision is to create societal impact through cutting-edge products that are affordable and exemplify the statement 'affordable products addressing the needs of the largest section of society.' The organization operates through a wide range of impact initiatives, including incubation programs, equity funding, social innovation, and corporate social responsibility (CSR) initiatives. BIRAC's efforts have led to the commercialization of numerous biotech products and the establishment of a robust biotech startup ecosystem in India. By fostering innovation and supporting the growth of biotech enterprises, BIRAC plays a pivotal role in advancing India's biotechnology sector and contributing to the nation's economic development and healthcare advancements.
Investment Focus
- Focus on biotechnology and related sectors
- Alignment with national product development needs
- Commitment to innovation and research excellence
- Potential for commercialization and societal impact
Portfolio Companies
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Unlock full contacts →Frequently asked questions about Biotechnology Industry Research Assistance Council
What sectors does Biotechnology Industry Research Assistance Council invest in?
Biotechnology Industry Research Assistance Council invests in Healthcare, Agriculture, Pharmaceuticals, Medical Devices, Diagnostics and Bioinformatics, and is based in Tehkhand, India. Biotechnology Industry Research Assistance Council is listed as a institutional investor in the ConnectSafely investor database.
What stage does Biotechnology Industry Research Assistance Council invest at?
Biotechnology Industry Research Assistance Council backs companies at Seed, Early Stage, Growth and Late Stage, writing cheques of 1M - 50M.
Which regions does Biotechnology Industry Research Assistance Council invest in?
Biotechnology Industry Research Assistance Council invests across India.
Who are the partners at Biotechnology Industry Research Assistance Council?
Team members listed for Biotechnology Industry Research Assistance Council include Chhaya Chauhan (Chief Manager & Incharge - Incubation) and Amit Katiyar (Chief Manager Intellectual Property (IP) and Technology Management).
What companies has Biotechnology Industry Research Assistance Council invested in?
Biotechnology Industry Research Assistance Council's portfolio includes CISGEN BIOTECH DISCOVERIES PRIVATE LIMITED, Aristogene Biosciences Pvt Ltd, Forus Health Pvt. Ltd., Janitri Innovations Private Limited, Happy Reliable Surgeries Private Limited and NUEVO POLYMERS PVT LTD.
How do I contact Biotechnology Industry Research Assistance Council?
Biotechnology Industry Research Assistance Council's contact details — including LinkedIn — are listed in the ConnectSafely investor database, along with its website and the LinkedIn profiles of its partners.
Last updated · Source: ConnectSafely investor database