Setting up of Biotechnology Industry Research Assistance Council (BIRAC)
Setting up of Biotechnology Industry Research Assistance Council (BIRAC) as "not-for-profit" section 25 company was approved by the Union Cabinet on 24th November, 2011. The BIRAC will be set up with a vision to stimulate, foster and enhance the strategic research and innovation capabilities of the Indian biotech industry particularly SME's, to make India globally competitive in biotech innovation and entrepreneurship and to create affordable products and services.