Call for Proposal

BIRAC Announces 5th Call for Proposals under the Biotechnology Ignition Grant (BIG) Scheme

INTRODUCTION

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, B.Tech, M.Tech, B.Pharma) 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.

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KEY FEATURES OF THE CALL

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 not exceed 18 months.
v.   Funding may also be used for conducting limited market research, patenting costs, working capital during the period, travel, salary etc.

WHO CAN APPLY?

Biotechnology start-ups

Registered company incorporated on/after 1st July, 2011 in which more than 51 % of the ownership is held by lndian Citizens
Company should have a functional R&D laboratory
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.

Entrepreneurs Or Potential entrepreneurs from Academia, Research Institute, Or Researchers, PhDs, Medical degree holders, Biomedical Engg. Graduates, B.Tech, M.Tech, B.Pharma

Incubated in a Technology Business Incubator with an exciting idea which may be in the nascent and planning stage can apply under this scheme.

HOW TO APPLY?

Proposals 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 July, 2014.

No Hard Copy to be submitted. Proposals submitted online only would be considered.

Last date for Submission of Proposals: 16th August, 2014

ANNOUNCEMENT DATE

01/07/2014

LAST SUBMISSION DATE

16/08/2014