The Biotechnology Ignition Grant (BIG) scheme is for potential entrepreneurs from Academia, start-ups or an Incubatee (Researchers, PhDs, Medical degree holders, Biomedical Engg. Graduates) who have an exciting idea which may be in the nascent and planning stage and there is an unmet need for mentorship and initial funding. The Biotechnology Ignition Grant would help to support and nurture these high risk early starters and their concepts.
The main aim of BIG Scheme is:
a. To establish and validate proof of concept
b. To enable creation of spin-offs.
Scope & Support
i. BIG is for high level of innovation in the Biotechnology sector.
ii. BIG scheme supports only up-to Proof-of-Concept stage.
iii. Funding will be in the form of Grant-in-Aid limited up-to Rs 50 lakh
iv. The period for the study would generally not exceed 18 months.
v. The funding to the BIG Innovator by the BIG Partner will always be in the form of Grant-in-Aid.
vi. No royalty will be charged on the disbursed fund to the BIG Innovator by the BIG Partner.
vii. Funding may also be used for conducting limited market research, patenting costs, working capital during the period, travel, salary etc.
i. Biotechnology start-ups / entrepreneurs OR Incubatee; Students, Academician and Scientists (Research Institute/University/Public, Not for profit Organization, Private funded) with an exciting idea which may be in the nascent and planning stage can apply under this scheme.
ii. The Applicant must be either an Incubatee located in an incubator OR have a registered company with a functional R&D laboratory
iii. If the registered company does not have a functional Laboratory of its own, then it should be incubated in an Incubator which has a functional laboratory.
a. A Company is defined as one which is registered under the lndian Companies Act 1956 and in which more than 51 % of the ownership is held by lndian Citizens (including NRls)
b. Start-up Company is defined as one which is incorporated in the last 3 years.
are required to be submitted online only.
To submit a proposal online, please log on to the BIRAC website (www.birac.nic.in).
Online Proposal Submission opens on 1st June, 2012.
No Hard Copy to be submitted. Proposals submitted online only would be considered.
Last date for Submission of Proposals: 15th July, 2012
For further details, please contact:
Ms. Sibi Sagar
Programme Manager-IP, BIRAC
Announcement Date: 01-06-2012
Last Submission Date: 15-07-2012 12:00 AM