BIRAC SEED Fund
A programme by Savli Technology and Business Incubator (STBI) (Savli Technology and Business Incubator)
Equity-linked capital assistance from BIRAC for biotech and biomedical product startups incubated at STBI.
At a glance
| Best for | Biotech/biomedical product startups ready to become STBI incubatees |
|---|---|
| Stage | Prototype – Early revenue |
| Format | In person |
| Cost | Takes equity |
| Grant support | For selected startups. A place in the programme does not by itself guarantee a grant. |
| Run with | BIRAC |
About BIRAC SEED Fund
STBI hosts BIRAC's Sustainable Entrepreneurship and Enterprise Development (SEED) Fund, aimed at bridging the gap between a founder's own investment and outside angel or venture capital. It is a standing scheme rather than a dated call.
What you get
- Capital assistance as equity support, decided from an independent third-party valuation
- Mentoring and active hand-holding alongside the funding
- Support geared toward product development, testing and trials, test marketing, professional consultancy, IPR issues and day-to-day operating costs
Who can apply
- An Indian startup registered under the Companies Act 2013, at least 51% owned by Indian citizens (not OCI or PIO)
- Up to 5 years from incorporation, working on innovation-driven products, processes or services
- A turnover cap (as stated on the programme's own page) applies for any financial year since incorporation
- Alignment with STBI's biotech/biomed product focus is preferred; the startup must become an STBI incubatee at the time of investment
How to apply: Apply through the linked application form, or contact STBI's incubation or business-development team for details.
Where to apply
Other STBI programmes
- NIDHI-PRAYASA DST-NIDHI proof-of-concept grant that helps individual innovators turn an idea into a physical prototype using STBI's fabrication lab.
- NIDHI Seed Support ProgrammeA DST-NIDHI capital-assistance fund for registered startups with a validated product, meant to bridge founder money and outside investment.
- Idea Doodle Lab ProgrammeSTBI's own pre-incubation track that helps innovators validate an idea before committing to full incubation.
- HackTheHurdle (HTH)A statewide hackathon run with GInTech Hub that funnels selected teams into a free incubation stint with milestone-linked grant support.
- AtmaNirbhar Gujarat FellowshipA fellowship encouraging graduates, postgraduates and professionals to build a product or technology instead of seeking a job.
- The Shadow Internship ProgrammeAn unpaid shadowing internship that gives aspiring founders hands-on exposure to how STBI's incubation team and its startups actually work.
Everything about Savli Technology and Business Incubator (STBI)