Business Wire Indiathth‘Impacting the Biotech Innovation Ecosystem’“Research and innovation has been one of the key areas that the Prime Minister and this government have focused on. BIRAC, which has completed five years today, stands at the cusp of a great leap. Globally, BIRAC has been hailed as one of the most effective government measures to create an enabling environment for research and development to flourish in a country. We aim to develop India into a global innovation hub by 2020 and BIRAC has paved the way to deliver on that mandate,” said Mr. Y. S. Chowdary, Minister of State for Science and Technology and Earth Sciences.“Innovation and research must be directed toward addressing the most pressing problems of society. We’re proud that BIRAC and the Department of Biotechnology are spearheading this effort in the biotechnology domain. Since its inception in 2012, BIRAC has created nearly two dozen incubators across the country and supported over 350 start-ups. We firmly believe that social entrepreneurship is the key to creating an inclusive society and our government is committed to providing all the necessary support,” said Dr. K. Vijay Raghavan, Secretary, Department of Biotechnology and Chairman, BIRAC. Start-Up India Action PlanStart-Up India Action Plan“Through initiatives such as Start-Up India and the Science and Technology for Harnessing Innovations or SATHI, the government is ushering in supportive policies and removing regulatory barriers to create an atmosphere of innovation and entrepreneurship in the country. The world as a whole stands to gain with Indian innovators stepping up and changing the way we address the grand challenges we face today. We are proud that BIRAC has created an enabling environment for the biotechnology industry to prosper,” said Dr. Renu Swarup, Senior Adviser, Department of Biotechnology and Managing Director, BIRAC.stth
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