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India’s Biotechnology Industry Research Assistance Council (BIRAC) celebrated its 14th Foundation Day, highlighting its pivotal role in nurturing the country’s biotech startup ecosystem. Through significant funding and incubation support, BIRAC has catalyzed a wave of technological innovations, propelling India’s bioeconomy towards a projected $195.3 billion valuation.
The organization’s commitment to fostering innovation underscores its contribution to national technological advancement. BIRAC has provided over ₹4,200 crore in funding across 15 lakh startups and entrepreneurs, driving the growth of India’s biotech sector.
Source: Tech-Economic Times