2019 – Posted in: Press Information Bureau

Global Bio-India Summit, 2019

Ministry of Science & Technology

WHAT

India’s first largest biotechnology conference Global Bio-India Summit, 2019 concludes.

HIGHLIGHTS

The three-day event was organized by the Department of Biotechnology (DBT), Ministry of Science & Technology, along with its Public Sector Undertaking, Biotechnology Industry Research Assistance Council (BIRAC).
The associated partners for this event were Confederation of Indian Industry (CII), Association of Biotechnology Led Enterprises (ABLE) and Invest India.

SIGNIFICANCE

The Summit provided an opportunity to showcase the potential of India’s biotech sector to the international community, identify, create opportunities and deliberate on the key challenges in the areas of Bio-pharma, Bio-Agri, Bio-Industrial, Bio-Energy and Bio-Services and allied sectors.

BIOTECHNOLOGY INDUSTRY RESEARCH ASSISTANCE COUNCIL (BIRAC)

BIRAC is a not-for-profit Section 8, Schedule B, Public Sector Enterprise, set up by Department of Biotechnology (DBT), Government of India as an Interface Agency to strengthen and empower the emerging Biotech enterprise to undertake strategic research and innovation, addressing nationally relevant product development needs.

Vision

“To Stimulate, foster and enhance the strategic research and innovation capabilities of the Indian biotech industry, particularly start-ups and SME’s, for creation of affordable products addressing the needs of the largest section of society”

Key Strategies

Foster innovation and entrepreneurship
Promote affordable innovation in key social sectors
Empowerment of start-ups & small and medium enterprises
Contribute through partners for capability enhancement and diffusion of innovation
Enable commercialization of discovery
Ensure global competitiveness of Indian enterprises

Source: PIB