BIRAC ACE Fund launched on March 19th2015 where BIRAC stands for Biotechnology Industry Research Assistance Council

Q.  On 19th Mar’15, the govt. announced launching of BIRAC ACE Fund which is aimed at addressing the pressing needs of accelerating the growth of entrepreneurs, in the field of Biotechnology. BIRAC is abbreviated as _____.
- Published on 28 Mar 15

a. Biotechnology Industry Research Assistance Council
b. Bio Indigenous Research Assistance Committee
c. Biotic Industry Research Assistance Company
d. Biomass Indian Research Assistance Corporation

ANSWER: Biotechnology Industry Research Assistance Council
 
Govt launches BIRAC to accelerate growth of entrepreneurs in Biotechnology. This equity fund will be operated by Biotechnology Industry Research Assistance Council, BIRAC, a Public Sector Undertaking under the Department of Biotechnology of Ministry of Science and Technology.

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