Deadline: 31 March 2018
The Department of Biotechnology, Ministry of Science & Technology is accepting applications for the Small Business Innovation Research Initiative (SBIRI) with an aim to:
- Nurture and mentor innovative and emerging technologies/ entrepreneurs, to assist new enterprises to forge appropriate linkages with academia and government.
- Create opportunities for starting new technology-based or knowledge-based businesses by science entrepreneurs
- Stimulate technological innovations
Key Features
An Advanced Technology Scheme for high risk,transformational technology/ process development from proof-of-concept to validation leading to high value product commercialization:
- Support new and futuristic technology development with major social bearing but uncertain market driven demand
- Support start-ups, SME’s and other Biotech companies on cost sharing basis
The Small Business Innovation Research Initiative (SBIRI) scheme of the Department of Biotechnology, Ministry of Science & Technology was launched in 2005 to boost Public-Private- Partnership (PPP) efforts in the country.
As a unique institutional mechanism, SBIRI has consistently prioritized early stage funding for high risk innovative research in small and medium companies led by innovators with science backgrounds to get them involved in development of products and processes which have high societal relevance.
Funding Information
- Financial support is extended as a Grant-in-aid limited to Rs. 50.00 lakhs with a contribution from the Company
Eligibility Criteria
The proposals can be submitted:
- Solely by a Company incorporated under the Companies Act, 2013 or
- Limited Liability Partnership (LLP) incorporated under the Limited Liability Partnership Act, 2008 or
- Joint Ventures either in the form of Company/ LLP by any of the above entities jointly with other private or public partner(s) (Universities or Institutes
- Minimum 51% of the shares of the Company should be held by Indian Citizens holding Indian passport (Indian Citizens do not include Person of Indian Origin (PIO) and Overseas Citizenship of India (OCI) holders)
- Minimum half of the persons who subscribed their names to the LLP document as its Partners should be Indian citizens.
- Participating companies should have adequate in-house facility to address the project implementation aspects (which shall be evaluated during the site visit) OR Incubated with any of the recognized Incubation Facility.
- For Academic Collaborator
- Public/private university/colleges in India
- National research laboratories
- Not-for-profit private research labs/societies/foundation
How to Apply
Applicants can apply via give website.
Eligible Country: India
For further information, please visit birac.
