Biotech start up journey, especially for first time entrepreneurs, is full of hurdles, both technological as well as business related such as business plan and market entry strategies, navigating regulatory hurdles, connecting and pitching to VCs and networking with future stakeholders. There is a greater realisation within the biotech community regarding the importance of focused mentorship which can help accelerate nascent biotech start up. BIRAC is therefore envisaging designing and implementing an equity based fund for supporting entrepreneurs in the valley of death.

Biotechnology Innovation Fund - AcE(Accelerating Entrepreneurs) Fund is an equity "Fund of Fund" exclusively for Biotech Start-ups. AcE daughter funds are SEBI registered private funds to invest equity in start-ups for providing the risk capital to undertake innovation, research and product development

BIRAC is therefore envisaging designing and implementing an equity based fund for supporting entrepreneurs in the valley of death.

Impact of AcE Fund Scheme
No of AcE Partners: 10
No. of Companies Supported under AcE: 49
AcE Fund Corpus Size: 150 Cr
Mobilized Amount in Biotech Sector: 349 Cr
Overall Framework

The AcE Fund shall make a maximum capital commitment of up to Rs 30 crores or up to 30% of the total aggregate capital commitment amount(i.e. fund corpus) in each AcE daughter Fund

The assistance to a start-up will be up to INR 7 crores againest equity

The AcE daugher fund shall invest at least twice the amount contribute by BIRAC's AcE Fund into Biotech/Life Sciences sector start-ups

S.NoName of AcE Fund Partner
1Bharat Innovation Fund
2Gujarat Venture Finance Limited
3Stake Boat Capital
4Indian Angel Network
5Kitven Fund
6Endiya Fund Advisors Pvt. Ltd
7Somerset Healthcare Investment Advisors Private Limited
8Rajasthan Venture Capital Fund
9Nabvenutre Fund
10Ankur Capital

S.NoName of Startup
1Clensta International Private Limited
2Farmers Freshzone Private Limited
3Retailworx India Private Limited (Freshworld)
4Pandorum Technologies Private Limited
5Pregbuddy Technologies Private Limited
6E14 Technologies Private Limited (Strom Motors)
7Swadha Energies Pvt Ltd
8Monitra Healthcare Private Limited
9Chakr Innovation Private Limited
10Nocca Robotics
11Agatsa Software Pvt Ltd
12Mimyk Medical Solutions Pvt Ltd
13Bycyshare Technologies Pvt Ltd
14Kanpur Flowercycling Pvt Ltd.
15Ahummane BioSciences Pvt Ltd
16Minion Labs India Pvt Ltd
17Sirona Hygiene Private Limited
18Intellihealth Solutions Pvt Ltd
19Astrek Innovations Pvt Ltd
20Nayam Innovations Pvt Ltd
21Pandorum Tech Pvt LTd
22String Bio Pvt Ltd
23Vipragen Biosciences Pvt Ltd
24JIVA Science Pvt Ltd
25Fibroheal Woundcare
26Zumutor Biologics Private Limited
27VnF Ideas Private Limited
28All That Deeps Limited
29Ecotrail Personal Care
30Lexir Resources Pvt Ltd
31New Companies
32Krimanshi Technologies Pvt. Ltd
33Freshokartz Agri Products Pvt. Ltd
34Medcords HealthcareSolutions Pvt. Ltd
35Swajal Water Pvt. Ltd
36Vituscare Medlife Pvt. Ltd.
37Future Cure HealthPvt Ltd
38Synapsica Healthcare Pvt Ltd
39Eye stem Research Pvt Ltd
40Cellprop Private Limited
42Klonec Automation Systems Private Limited (“Krishitantra”)
43Satyukt Analytics Private Limited (“Satyukt”)
44Chifu Agritech Pvt. Ltd. (Vegrow)
45Infifresh Foods Pvt. Ltd
46Farmstock Technologies Pvt. Ltd. (Krishify)
47Anantm Technologies Pvt. Ltd. (Numen)
48String Bio
49Genworks Health Pvt. Ltd.