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With reference to the Biotechnology Industry Research Assistance Council (BIRAC), consider the following statements:
1. It is a not-for-profit public-sector enterprise, set up by Department of Biotechnology (DBT).
2. BIRAC has initiated partnerships with several national and global partners to collaborate and deliver the salient features of its mandate.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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With reference to theBiotechnology Industry Research Assistance Counci...
Introduction:
The Biotechnology Industry Research Assistance Council (BIRAC) is a not-for-profit public-sector enterprise that was established by the Department of Biotechnology (DBT), Government of India. It aims to promote and nurture innovation research and entrepreneurship in the biotechnology sector in India.
Statement 1: It is a not-for-profit public-sector enterprise, set up by Department of Biotechnology (DBT).
This statement is correct. BIRAC was set up in 2012 by the DBT, which is a part of the Ministry of Science and Technology, Government of India. BIRAC operates as a not-for-profit public-sector enterprise and is responsible for implementing various programs and initiatives to support the biotechnology industry in India.
Statement 2: BIRAC has initiated partnerships with several national and global partners to collaborate and deliver the salient features of its mandate.
This statement is also correct. BIRAC has actively collaborated with various national and international organizations to promote innovation and entrepreneurship in the biotechnology sector. It has established partnerships with academic institutions, research organizations, industry associations, and global biotech clusters to foster collaboration and knowledge-sharing. These partnerships help BIRAC to leverage expertise and resources from diverse stakeholders and deliver on its mandate effectively.
Conclusion:
Both the statements given in the question are correct. BIRAC is a not-for-profit public-sector enterprise established by the Department of Biotechnology (DBT). It has initiated partnerships with several national and global partners to collaborate and fulfill its mandate of promoting innovation research and entrepreneurship in the biotechnology sector in India.
The Biotechnology Industry Research Assistance Council (BIRAC) is a not-for-profit public-sector enterprise that was established by the Department of Biotechnology (DBT), Government of India. It aims to promote and nurture innovation research and entrepreneurship in the biotechnology sector in India.
Statement 1: It is a not-for-profit public-sector enterprise, set up by Department of Biotechnology (DBT).
This statement is correct. BIRAC was set up in 2012 by the DBT, which is a part of the Ministry of Science and Technology, Government of India. BIRAC operates as a not-for-profit public-sector enterprise and is responsible for implementing various programs and initiatives to support the biotechnology industry in India.
Statement 2: BIRAC has initiated partnerships with several national and global partners to collaborate and deliver the salient features of its mandate.
This statement is also correct. BIRAC has actively collaborated with various national and international organizations to promote innovation and entrepreneurship in the biotechnology sector. It has established partnerships with academic institutions, research organizations, industry associations, and global biotech clusters to foster collaboration and knowledge-sharing. These partnerships help BIRAC to leverage expertise and resources from diverse stakeholders and deliver on its mandate effectively.
Conclusion:
Both the statements given in the question are correct. BIRAC is a not-for-profit public-sector enterprise established by the Department of Biotechnology (DBT). It has initiated partnerships with several national and global partners to collaborate and fulfill its mandate of promoting innovation research and entrepreneurship in the biotechnology sector in India.
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With reference to theBiotechnology Industry Research Assistance Counci...
Prime Minister Narendra Modi recently said that India’s bio-economy has grown eight times in the last eight years from $10 billion to $80 billion” and that the country is “not too far from reaching the league of top-10 nations in biotech’s global ecosystem”.
Biotechnology Industry Research Assistance Council (BIRAC):
- BIRAC is a not-for-profit public-sector enterprise, set up by Department of Biotechnology (DBT).
- Objective: To act as an interface agency to strengthen and empower the emerging Biotech enterprise to undertake strategic research and innovation, addressing nationally relevant product development needs.
- BIRAC is an industry-academia interface and implements its mandate through a wide range of impact initiatives such as:
- 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.
- In its eight years of existence, 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.
- BIRAC has initiated partnerships with several national and global partners to collaborate and deliver the salient features of its mandate.
Hence both statements are correct.
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With reference to theBiotechnology Industry Research Assistance Council (BIRAC), consider the following statements:1. It is a not-for-profit public-sector enterprise, set up by Department of Biotechnology (DBT).2. BIRAC has initiated partnerships with several national and global partners to collaborate and deliver the salient features of its mandate.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to theBiotechnology Industry Research Assistance Council (BIRAC), consider the following statements:1. It is a not-for-profit public-sector enterprise, set up by Department of Biotechnology (DBT).2. BIRAC has initiated partnerships with several national and global partners to collaborate and deliver the salient features of its mandate.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to theBiotechnology Industry Research Assistance Council (BIRAC), consider the following statements:1. It is a not-for-profit public-sector enterprise, set up by Department of Biotechnology (DBT).2. BIRAC has initiated partnerships with several national and global partners to collaborate and deliver the salient features of its mandate.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to theBiotechnology Industry Research Assistance Council (BIRAC), consider the following statements:1. It is a not-for-profit public-sector enterprise, set up by Department of Biotechnology (DBT).2. BIRAC has initiated partnerships with several national and global partners to collaborate and deliver the salient features of its mandate.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
With reference to theBiotechnology Industry Research Assistance Council (BIRAC), consider the following statements:1. It is a not-for-profit public-sector enterprise, set up by Department of Biotechnology (DBT).2. BIRAC has initiated partnerships with several national and global partners to collaborate and deliver the salient features of its mandate.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to theBiotechnology Industry Research Assistance Council (BIRAC), consider the following statements:1. It is a not-for-profit public-sector enterprise, set up by Department of Biotechnology (DBT).2. BIRAC has initiated partnerships with several national and global partners to collaborate and deliver the salient features of its mandate.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to theBiotechnology Industry Research Assistance Council (BIRAC), consider the following statements:1. It is a not-for-profit public-sector enterprise, set up by Department of Biotechnology (DBT).2. BIRAC has initiated partnerships with several national and global partners to collaborate and deliver the salient features of its mandate.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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