Recently,BIRAC(Biotechnology Industry Research Assistance Council), under the aegis of Department of Biotechnology (DBT), Government of India, is organizing the 5th Innovators Meet. Consider the following statements regarding BIRAC.1. BIRAC is a non-profit Public Sector Enterprise.2. BIRACs mandate is to serve as a single window interface to promote affordable innovation in key social sectors with higher focus on start-ups small and medium enterprises.Choose the correct statement?a)Only 2b)Only 1c)Both 1 and 2d)None of the aboveCorrect answer is option 'D'. Can you explain this answer?

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1. BIRAC is a non-profit Public Sector Enterprise.

2. BIRAC’s mandate is to serve as a single window interface to promote affordable innovation in key social sectors with higher focus on start-ups & small and medium enterprises.

Choose the correct statement?

a)
Only 2
b)
Only 1
c)
Both 1 and 2
d)
None of the above

Correct answer is option 'D'. Can you explain this answer?

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Recently,BIRAC(Biotechnology Industry Research Assistance Council), un...

Answer: d

Explanation:

Biotechnology Industry Research Assistance Council (BIRAC) is a not-for-profit Public Sector Enterprise, set up by Department of Biotechnology (DBT), 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.

1.BIRAC is a new industry-academia interface and implements its mandate through a wide range of impact initiatives, be it providing access to risk capital through targeted funding, technology transfer, IP management and handholding schemes that help bring innovation excellence to the biotech firms and make them globally competitive.

2.BIRAC has initiated several schemes, networks and platforms that help to bridge the existing gaps in the industry-academia Innovation research and facilitate novel, high quality affordable products development through cutting edge technologies.

3.BIRAC has initiated partnerships with several national and global partners to collaborate and deliver the salient features of its mandate.

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Recently,BIRAC(Biotechnology Industry Research Assistance Council), under the aegis of Department of Biotechnology (DBT), Government of India, is organizing the 5th Innovators Meet. Consider the following statements regarding BIRAC.1. BIRAC is a non-profit Public Sector Enterprise.2. BIRAC’s mandate is to serve as a single window interface to promote affordable innovation in key social sectors with higher focus on start-ups & small and medium enterprises.Choose the correct statement?a)Only 2b)Only 1c)Both 1 and 2d)None of the aboveCorrect answer is option 'D'. Can you explain this answer?

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