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Public-Private Partnership
birac.nic.in

Investments

16

Funds

1

Partners & Customers

4

About BIRAC

Biotechnology Industry Research Assistance Council (BIRAC) is a not-for-profit Section 8, Schedule B, Public Sector Enterprise, set up by Department of Biotechnology, Government of India as an Interface Agency to strengthen and empower the emerging Biotech enterprise to undertake strategic research and innovation, addressing nationally relevant product development needs.

Headquarters Location

1st Floor, MTNL Building, 9 CGO Complex, Lodhi Road

New Delhi, 110003,

India

+91 11 24389600

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Latest BIRAC News

Western nations can learn from India's innovation funding ecosystem: Nobel laureate

Feb 3, 2024

Nobel laureate Morten Meldal has lauded India's research funding ecosystem, underscoring the role played by the Biotechnology Industry Research Assistance Council (BIRAC) in facilitating and financing the innovation project. ANI | Updated: 03-02-2024 09:03 IST | Created: 03-02-2024 09:03 IST Nobel laureate Morten Meldal (Photo/ANI). Image Credit: ANI Country: SHARE By Vishu Adhana Nobel laureate Morten Meldal has lauded India's research funding ecosystem, underscoring the role played by the Biotechnology Industry Research Assistance Council (BIRAC) in facilitating and financing the innovation project. In an interview with ANI on Friday, Meldel, who won the Nobel Prize in Chemistry in 2022, expressed that Western countries can learn from India as funding agencies for research in the West are "independent" and not very well coordinated. Meldel is on a visit to India. On Friday, he visited the Biotechnology Industry Research Assistance Council (BIRAC), a public-sector enterprise under the Department of Biotechnology (DBT) that interfaces between academia and industry. Reflecting on his visit to the company, Meldel said "BIRAC is an organisation for innovation in India. I think it's quite impressive what you have actually done here in organising an umbrella organisation that overlooks all the different foundations. The whole innovation process is very much facilitated by this organisation. And it has direct links to the government." "So this is I think, an important new thing in India that we can learn from in Western countries where funding agencies are sort of independent entities, not coordinated very well. Also, all the different regulations around it and so on. It's not coordinated. We can learn from that for sure here from India," Meldal added. In her speech for the 2024-2025 Budget, Finance Minister Nirmala Sitharaman on Thursday spoke of "a new scheme of bio-manufacturing and bio-foundry" to provide "environment-friendly alternatives such as biodegradable polymers, bio-plastics, bio-pharmaceuticals and bio-agri-inputs". When asked about how India and Denmark can collaborate in areas of science, Meldel said the two nations can make global education in chemistry. "And I think that it would be very nice if we could work together with other countries, including India, on how we can make a global education in chemistry," the scientist said. On Friday, Morten Meldal called on the Union Minister of State (Independent Charge) Science and Technology Jitendra Singh and discussed bilateral cooperation in pharmaceuticals and the promotion of chemistry studies among schoolchildren. Meldel was awarded jointly the 2022 Nobel Prize in Chemistry for the groundbreaking development of 'click chemistry and bio-orthogonal chemistry'. When asked where can click chemistry be used, the Nobel laureate said: "So there's a lot of different things that can be produced with chemistry. We use it mainly for two things. We use it for maintaining structure." "So if you have a protein, it's a long chain that folds up like a bundle of something. This folding is very critical for the function of the protein. So the stability of the bundle is very important and we can stabilise that by stapling in different places on the protein with good chemistry." (ANI) (This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) READ MORE ON:

BIRAC Investments

16 Investments

BIRAC has made 16 investments. Their latest investment was in IG Drones as part of their Grant on April 26, 2023.

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BIRAC Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/26/2023

Grant

IG Drones

Yes

1

3/18/2023

Grant

SunQulp

$0.06M

Yes

2

3/17/2022

Debt

Fibroheal

$1M

Yes

1

9/22/2021

Seed VC

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$99M

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10

8/17/2021

Grant

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$99M

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10

Date

4/26/2023

3/18/2023

3/17/2022

9/22/2021

8/17/2021

Round

Grant

Grant

Debt

Seed VC

Grant

Company

IG Drones

SunQulp

Fibroheal

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Amount

$0.06M

$1M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

2

1

10

10

BIRAC Fund History

1 Fund History

BIRAC has 1 fund, including BIRAC AcE Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

BIRAC AcE Fund

1

Closing Date

Fund

BIRAC AcE Fund

Fund Type

Status

Amount

Sources

1

BIRAC Partners & Customers

4 Partners and customers

BIRAC has 4 strategic partners and customers. BIRAC recently partnered with Takeda Pharmaceutical on December 12, 2023.

Date

Type

Business Partner

Country

News Snippet

Sources

12/5/2023

Partner

Japan

Takeda Announces Partnership with BIRAC in India to Foster Healthcare Innovation

This partnership between Takeda Pharmaceutical Company Limited and Biotechnology Industry Research Assistance Council , thus , moves beyond convention , signifying a promise to further healthcare in a manner that sets the stage for lasting improvements in the years to come . ''

1

10/29/2020

Licensee, and Licensor

India

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10

10/29/2020

Partner

India

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10

8/8/2017

Partner

India

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10

Date

12/5/2023

10/29/2020

10/29/2020

8/8/2017

Type

Partner

Licensee, and Licensor

Partner

Partner

Business Partner

Country

Japan

India

India

India

News Snippet

Takeda Announces Partnership with BIRAC in India to Foster Healthcare Innovation

This partnership between Takeda Pharmaceutical Company Limited and Biotechnology Industry Research Assistance Council , thus , moves beyond convention , signifying a promise to further healthcare in a manner that sets the stage for lasting improvements in the years to come . ''

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Sources

1

10

10

10

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