BIRAC - Biotechnology Ignition Grant (BIG) Scheme | StartupGrantsIndia

BIRAC - Biotechnology Ignition Grant (BIG) Scheme

Biotechnology Industry Research Assistance Council (BIRAC)

Details

Amount

Upto: ₹5,000,000

Provider

Biotechnology Industry Research Assistance Council (BIRAC)

Stage

early Stage

About this Opportunity

The BIG scheme supports ideation to Proof of Concept, nurturing entrepreneurship to enable translation of ideas into commercially viable products/technologies to address unmet needs in the biotechnology sector. It aims to enable the Biotech Startup Ecosystem in the country to become globally competitive.

Eligibility

Individual: Indian citizen, Project Leader, must be incubated in an incubator (LoI/MoU required). NOC from employer/institution if employed/student. Undertaking to terminate current association for full-time project work if grant approved. Must not be a promoter/shareholder of an existing biotech company (can apply through company route).
Company/LLP: Registered under Indian Companies Act, 1956/2013. Incorporation date not earlier than 5 years from BIG call closing date. Minimum 51% Indian ownership. Must have a Project Leader and in-house R&D facility or be incubated. Promoters/partners with significant stake in other ineligible entities may not be eligible.