Deadline: 15 March 2017
The Biotechnology Industry Research Assistance Council (BIRAC) is currently seeking proposals for its “Biotechnology Ignition Grant (BIG) Scheme” to enable technology innovators and entrepreneurs to pursue a promising technology idea, and establish and validate proof of concept (POC) for the idea.
By funding establishment and validation of POC, BIRAC wishes to help innovators and entrepreneurs advance an idea closer to eventual commercialization/implementation in the form of technology licenses or creation of start-up companies or raising investments for the company. The scheme aims to support high-risk technology ideas with considerable potential for impact.
BIG Scheme Purpose
- To support projects that aim to establish or validate proof of concept for a promising and innovative technology idea.
- To promote the creation of new start-ups based on innovative technology ideas and/or to support early start-ups to establish and validate their technology ideas up to the POC stage.
Funding Information
- Grant-in-Aid up-to Rs 50 lakh.
- Grant period is 18 months.
Nature of Projects
- Projects that propose a process/ product innovation with significant potential impact or commercial potential
- Projects with clear technology objectives
- Projects focused on establishing or validating proof-of-concept for a technology idea
- Projects aimed at technology de-riskinge., reducing uncertainties in the technology
Eligibility Criteria
BIRAC invites proposals from:
- Biotechnology start-ups / entrepreneurs
- Having a registered company incorporated on/after 1st Jan, 2014.
- Academicians, Scientists, Researchers, PhDs, Medical degree holders, Biomedical Engg. Graduates
- Incubating in a Technology Business Incubator, who have innovative technology idea with considerable potential for impact/ commercialization.
How to Apply
Applications must be submitted online via given website.
Eligible Country: India
For more information, please visit BIRAC 10th Call for Proposals.