Q. With reference to Biotechnology Industry Research Assistance Council (BIRAC), consider the following statements:
1. It is a statutory body under Ministry of Science and Technology.
2. It is an industry – academia interface designed to strengthen and empower the emerging Biotech enterprises.
Which of the above statements is/are correct?
- Statement 1 is incorrect: BIRAC is a not-for-profit public sector enterprise set up by Deptt of Biotechnology.
- Statement 2 is correct: It is an industry-academia interface. Likewise, it aims to strengthen and empower the emerging Biotech enterprise to undertake strategic research and innovation, addressing nationally relevant product development needs.