The BIRAC LEAP (Launching Entrepreneurial Driven Affordable Products) Fund at Venture Center is designed to catalyse promising, innovation-led startups and accelerate their journey from lab to market. Hosted by the Entrepreneurship Development Center (Venture Center) under the BIRAC LEAP scheme, the fund aims to support startups in piloting, validation, and commercialization of new and meritorious technologies.
The program provides capital assistance of up to ₹100 lakh per startup to reduce the gestation period for commercialization and enable faster real-world impact. The fund emphasizes biotech, biomed, and science-driven deeptech ventures with strong intellectual property and knowledge components. It prioritizes product-focused enterprises over service-based models.
The fund operates on an equity investment model and encourages co-investment from other investors. Selected startups become part of the Venture Center ecosystem, gaining access to mentors, innovation programs, networks, board-level advisory support, branding opportunities, and guidance for future fundraising rounds.
The initiative is supported by partners including DST-NSTEDB (GoI), BIRAC (GoI), DPIIT/Startup India Seed Fund (GoI), and TDB (GoI).