BIRAC is the brain-child of Department of Biotechnology, under the Ministry of Science and Technology which has evolved with time. It was started with the idea to offer schemes to spur the research with the industry under various forms of partnerships. BIRAC attempts to bridge the gaps through appropriate schemes. SIBRI & BIPP are the initiatives to spur innovation and research in big industries, there are schemes for SMEs to put their best foot forward. BIRAC has initiated certain schemes to bring academic research forward through academia-industry partnership. BIRAC funds the projects of academic partners to develop the pilot scale or take it up to pre commercialization stage. With partner organizations like ‘Shrishti’ we fund innovative ideas coming out directly from University Students at the Undergraduate, Postgraduate, and PhD level.