Ministry of Science and Technology Current Affairs

Department of Biotechnology inks MoU with IAE on Enhancing Innovation for Clean Energy Transition

Department of Biotechnology (DBT) under Union Ministry of Science and Technology has signed Memorandum of Understanding (MoU) with International Energy Agency (IEA) for enhancing innovation for Clean Energy Transition.  The MoU seeks to deepen co-operation in support of clean energy innovations to accelerate research, development, and demonstration (RD&D) of clean energy technologies in India. It will also help support generation of data for policymaking and improve knowledge of good policy practices for innovation in India and around the world.

Key Facts

The MoU will ensure cooperation for sharing of energy policies on RD&D and sharing of best practices on data collection and analysis. It also has provision for activities such as training and capacity building and accelerating energy innovation by identifying sources of finance. The MoU will be coordinated for Union Ministry of Sceince & Technology by Mission Innovation India Unit set up by DBT and for IEA it will be coordinated by its International Partnership and Initiatives Unit (IPI). It will be initially valid for three years.

International Energy Agency (IEA)

IEA is an inter-governmental organization established in 1974 as per framework of Organisation for Economic Co-operation and Development (OECD). It was established in the wake of the 1973 oil crisis after the OPEC cartel had shocked the world with a steep increase in oil prices. Presently it has 30 member countries including India. It is headquartered in Paris, France.

Its prime focus is on the “3Es” of effectual energy policy: energy security, economic development and environmental protection. It also seeks to promote alternate energy sources (including renewable energy), rational energy policies and multinational energy technology co-operation. It acts as energy policy advisor to 29 member countries and also non-member countries like China and Russia.

Month: Categories: India Current Affairs 2018

Tags:

BIRAC celebrates its 6th Foundation Day

The Biotechnology Industry Research Assistance Council (BIRAC) celebrated its sixth Foundation Day. The observance of the day was themed around ‘Sustaining Innovation – A Market Driven Pathway’.  The event was attended by large number of dignitaries from scientific and industry sectors both from within country and overseas.

Key Facts

Since its inception, BIRAC has supported over 650 projects, more than 500 start-ups and entrepreneurs and 30 incubators across the country. It has resulted in development of over 100 products and technologies and 150 Intellectual property (IP) rights being generated.

It has launched over 10 flagship schemes that are supported by funding from Department of Biotechnology (DBT), and manages 7 collaboratively funded programs with international partners. It tries to galvanize social impact by piloting research and extension services within series of thematic calls and other global definite initiatives to improve public health and beyond.

Biotechnology Industry Research Assistance Council (BIRAC)

BIRAC is not-for-profit Public Sector Enterprise (PSE) set up by DBT, Ministry of Science and Technology to empower emerging biotech industry to undertake strategic research and innovation. It is basically industry academia interface.

It implements its mandate through wide range of impact initiatives like providing access to risk capital through targeted funding, technology transfer, IP management and handholding schemes that help bring innovation excellence to Indian biotech firms and make them globally competitive.

BIRAC has initiated several schemes, networks and platforms to bridge existing gap between industry-academia research and facilitate novel, high quality and cost-effective affordable technologies. It has initiated partnerships with several national and global partners to collaborate and deliver its mandate.

Mandate

  • Foster innovation and entrepreneurship.
  • Enable commercialization of discovery.
  • Promote affordable innovation in key social sectors.
  • Ensure global competitiveness of Indian enterprises.
  • Empowerment of start-ups & small and medium enterprises (SMEs).
  • Contribute through partners for capability enhancement and diffusion of innovation.

Month: Categories: Science and Technology Current Affairs - 2018

Tags: