BIPP to nurture biotech units for innovation research
Updated: Oct 15, 2013 01:26:53pm
The scheme will be operated through Biotechnology Industry Research Assistance Council (BIRAC), a non-profit public sector undertaking, set up by the Department.
“Major thrust of the programme is towards funding technologies which address a major national problem and/or involve high level innovation. The proposals spanning across the spectrum of pre-proof-of-concept to validation of established technologies are considered for support in the form of grant and/or loan,” said an official notification.
BIPP is a Government Partnership Programme with industry for support on a cost sharing basis. It is targeted at development of novel and high risk futuristic technologies mainly for viability gap funding and enhancing existing R&D capacities of Start-ups and SMEs in key areas of national importance and public good.
BIRAC now seeks proposals from small, medium or large companies who have obtained or in the process of obtaining recognition from the Department of Scientific and Industrial Research (DSIR). (KNN/ST)