Saturday, March 21, 2015

#Daily #Current #Affairs

Union Government launches BIRAC AcE Fund to accelerate growth of entrepreneurs in Biotechnology

Union Government launched Biotechnology Industry Research Assistance Council (BIRAC) AcE Fund to accelerate growth of entrepreneurs in Biotechnology. It was announced by Minister of State (MoS) for Science and Technology (S&T) and Earth Sciences Y.S. Chowdary on the occasion of the third foundation day of BIRAC in New Delhi. The BIRAC AcE Fund aims to address the pressing needs of accelerating the growth of entrepreneurs, in the field of Biotechnology. This equity fund will be operated by BIRAC a Public Sector Undertaking (PSU) under the aegis Department of Biotechnology (DBT) of Union Ministry of Science and Technology.