PM Modi inaugurated Biotech Startup Expo 2022

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Prime Minister Narendra Modi inaugurated the Biotech Startup Expo – 2022 at Pragati Maidan, New Delhi on 9 June.

• The Biotech Startup Expo – 2022 is a two-day event being held on June 9 and 10.

• The organiser of the expo is the Department of Biotechnology and Biotechnology Industry Research Assistance Council (BIRAC).

• This expo is being organised to commemorate the ten years of the establishment of BIRAC.

• The theme of the Expo - ‘Biotech Startup Innovations: Towards AatmaNirbhar Bharat’.

• The expo will act as a platform to connect entrepreneurs, investors, industry leaders, scientists, researchers, bio-incubators, manufacturers, regulators, government officials, etc.

• Around 300 stalls will be set up at the expo, showcasing the applications of biotechnology in various sectors such as healthcare, genomics, biopharma, agriculture, industrial biotechnology, waste-to-value, clean energy.

• The event will also witness the launch of an e-portal of 750 biotech products.

• About Biotechnology Industry Research Assistance Council (BIRAC)

• It was set up by the Department of Biotechnology on 20th March, 2012.

• It is an industry-academia interface agency to strengthen and empower the emerging biotech enterprise.

• It conducts strategic research and innovation while addressing nationally relevant product development needs.

• DBT and BIRAC have been at the forefront of India's fight against the COVID-19 pandemic by intervening in the development of indigenous vaccines etc.

• India ranks among the top 12 biotechnology destinations in the world and third in the Asia-Pacific.