Here is how it has been instrumental in taking science and technology to the industry
Biotech startup scenario in India was transformed by BIG: One of BIRAC’s flagship schemes is called BIG (Biotechnology Ignition Grant). BIG has supported 140 entrepreneurial ideas over five calls at pre-proof-of-concept stage. Twenty-two new startups were created (in 18 months) and the total number of employment generated is 231.
Provided access to high-end infrastructural requirement to the biotech community in India: BIRAC through its bio-incubation scheme (BISS) has supported fifteen bio-incubation centres across the nation and has created 124,000 sq.ft of incubation space. Within these incubators, around 199 biotech startups are being provided support. In each of the bio-incubator, BIRAC has supported a common pool of high-end instrumentation that is being used by incubate and other SMEs for R&D.
Seventeen Products, Eleven technologies, Sixteen Early Stage-Technologies, Two Process Innovations, 23 IP Generated/Facilitated
322 Start-Ups, SME, and Entrepreneurs Supported
BIRAC Ace Fund announced – Hon’ble Minister of Science & Technology and Earth Sciences announced an Equity Fund for Accelerating Entrepreneurs during BIRAC Foundation Day Function.