India, Australia sign MoU to enhance R&D capabilities in biotech

India and Australia have signed a Memorandum of Understanding (MoU) to enhance research and development (R&D) capabilities in biotechnology by launching a joint funding call.

The MoU was signed between India’s BIRAC (Biotechnology Industry Research Assistance Council) and Horticulture Innovation Australia.

Key facts

  • The MoU seeks to stimulate and enhance the strategic research and innovation capabilities of the Indian biotech industry.
  • The focus of the funding call is to undertake horticultural research in order to develop and deploy modern tools of plant biotechnology to improve crop productivity.
  • The funding commitment from BIRAC and Horticulture Innovation is up to 6 million Australian dollars over a period of three years.

BIRAC: It a PSU under the Union Ministry of Science and Technology. It seeks to stimulate and enhance the strategic research and innovation capabilities of the Indian biotech industry, particularly start-ups and SMEs, for the creation of affordable products addressing the needs of the largest section of society.

Horticulture Innovation Australia (Hort Innovation): It is a not-for-profit, grower-owned R&D and marketing company for Australia’s horticulture industry. It works collaboratively with industry, Australian government and the nation’s leading research institutions to deliver ground-breaking advancements in areas such as agri-technology, pest management, trade and industry promotion.

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Categories: Science and Technology Current Affairs - 2017

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Comments

  • Sandeep puri
    Reply

    This is a good news for Biotechnology students of india