BIRAC SEED Fund
A programme by KIIT-TBI
Equity-based investment for life science companies with a proof of concept and a prior round behind them. Closed at the time of checking.
At a glance
| Best for | Life science companies two to seven years old with a proof of concept and a round already raised |
|---|---|
| Stage | MVP – Early revenue |
| Format | In person |
| Cost | Takes equity |
| Run with | BIRAC |
About BIRAC SEED Fund
The Sustainable Entrepreneurship and Enterprise Development Fund is BIRAC's transitional capital for life science startups, implemented at KIIT-TBI. It takes equity, so treat it as an investment rather than a grant.
What you get
- Equity-based investment towards final prototypes, scaling up, validation studies and data needed to raise the next round
- Support for patent analysis, drafting and filing
- Market research, professional consultancy and help building market strategies, business plans and supply chains
Who can apply
- Indian startups registered under the Companies Act 2013, with at least 51% of shareholders Indian citizens (OCI and PIO do not count)
- Companies ready to be incubated at KIIT-TBI
- Two to seven years since inception
- Working on biotechnology or life science solutions
- A previous round of grant or investment already raised
- A well-defined proof of concept already achieved, as judged by the review committee
- A clear scale-up and go-to-market plan showing positive revenue within twenty-four months of funding
How to apply: Apply on the programme page when the call opens.
Where to apply
Other KIIT-TBI programmes
- Incubation at KIIT-TBIThe always-open route into KIIT-TBI: physical or virtual incubation, with or without funding assistance.
- Startup India Seed Fund Scheme (SISFS)KIIT-TBI is a disbursing incubator for the national seed fund, which accepts applications all year through the Startup India portal.
- DST NIDHI PRAYASA twelve-month product development grant for turning an innovative idea into a working prototype. Between calls at the time of checking.
- DST NIDHI EIR (Entrepreneur-in-Residence)A twelve-month monthly fellowship so a graduate can work full-time on a technology business idea. Between calls at the time of checking.
- DST NIDHI AcceleratorA six-month accelerator for startups past market validation, ending in an investor Demo Day. Registrations closed at the time of checking.
- DST NIDHI Seed Support System (NIDHI-SSS)Seed support as a soft loan, equity or an equity-linked instrument for companies already incubated at KIIT-TBI.
- MeitY TIDE 2.0 GrantA twelve-month grant-in-aid to take a proof of concept to a prototype or MVP. Between calls at the time of checking.
- MeitY TIDE 2.0 EIRA twelve-month prototype development fellowship for individuals moving from concept to a working prototype. Between calls at the time of checking.
- MeitY SAMRIDH AcceleratorA six-month accelerator with matching investment for product startups ready to scale. Closed at the time of checking.
- GENESIS EiR (Entrepreneur-in-Residence)A twelve-month deep-tech grant for founders from Tier II and Tier III cities, run under MeitY's GENESIS centre at KIIT-TBI.
- BIRAC Biotechnology Ignition Grant (BIG)BIRAC's early-stage biotech grant, run over 18 months. Call-25 was open at the time of checking.
- BIRAC BIG North EastA special BIG call for the North East, run over 24 months. Closed at the time of checking.
- BIRAC LEAP FundEquity-based investment to pilot and commercialise a life science product at technology readiness level 7 or above. Closed at the time of checking.
- Social Innovation Immersion Program (SIIP)An eighteen-month BIRAC fellowship for young social innovators, run through KIIT-TBI's SPARSH centre.
- iDEX Partner Incubator (defence innovation)KIIT-TBI is an iDEX partner incubator, supporting defence innovators through the Ministry of Defence's challenge programmes.
- Boeing University Innovation Leadership Development (BUILD)Boeing's national student and pre-seed competition, run in India with KIIT-TBI as partner.