Daily News Analysis

BIOTECH STARTUP EXPO

10th June, 2022 Science and Technology

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Context

  • Prime Minister, Shri Narendra Modi inaugurated the event Biotech Startup Expo - 2022 at Pragati Maidan.

Details

  • It is being organized by the Department of Biotechnology and Biotechnology Industry Research Assistance Council (BIRAC).
  • The event is being held to mark the completion of ten years of setting up of BIRAC.
  • The theme of the Expo is ‘Biotech Startup Innovations: Towards AatmaNirbhar Bharat’.
  • The Expo will act as a platform to connect entrepreneurs, investors, industry leaders, scientists, researchers, bio-incubators, manufacturers, regulators, government officials, etc, said the PMO.
  • About 300 stalls are set up at the Expo that showcases the applications of biotechnology in various fields such as healthcare, genomics, biopharma, agriculture, industrial biotechnology, waste-to-value, and clean energy, among others.

About BIRAC

  • Set up by the Department of Biotechnology (DBT), Biotechnology Industry Research Assistance Council (BIRAC), is a not-for-profit Section 8, Schedule B, Public Sector Enterprise.
  • It acts as an Interface Agency to improve and encourage the evolving biotechnology industry to execute strategic research and development activities in context to nation’s product development needs.

https://www.pib.gov.in/PressReleasePage.aspx?PRID=183250