Biotechnology Industry Research Assistance Council (BIRAC) celebrated its 6th foundation day on 20th march 2018

Biotechnology Industry Research Assistance Council (BIRAC)

The Biotechnology Industry Research Assistance Council (BIRAC) celebrated its 6th Foundation Day on 20^th March, 2018.

Theme: ‘Sustaining Innovation – A Market Driven Pathway’.

SoCH awards:

The event saw the announcement of the preliminary winners of the SoCH (Solutions for Community Health) awards.

What is it?

• This award is an innovation challenge award which was launched on the MyGov portal in September 2017.
• This challenge has two themes, platform technologies for reducing disease burden (communicable and noncommunicable diseases) and sanitation and waste recycling.
• The winners will now have 6 months and rupees 15 lakhs to develop a minimal viable prototype and will then compete for the larger rupees 50 lakh award within their categories.

About BIRAC:

Biotechnology Industry Research Assistance Council (BIRAC) is a not-for-profit Public Sector Enterprise, set up by Department of Biotechnology (DBT), Ministry of Science and Technology Government of India, to empower the emerging biotech industry to undertake strategic research and innovation.

BIRAC is a new industry academia interface and implements its mandate through a wide range of impact initiatives, be it providing access to risk capital through targeted funding, technology transfer, IP management and handholding schemes that help bring innovation excellence to Indian biotech firms and make them globally competitive.

Sources: pib.