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LEAP Fund assists potential biotech startups in piloting & commercializing their products & technologies enabling them to raise venture capital investment

For more details click here to view guidelines.

Impact

6

LEAP Fund Partner BioNEST Incubator

44

No of Startups supported Equity Investment of
INR 27 Cr

282.47

(INR CR)

Follow on funding raised by 23 startups

1284.38

(INR CR)

Valuation of 30 startups

16

Number of products commercialised by Startups

(Last updated on: Sep 2022)

The Fund enables potential biotech Startups to pilot/commercialize their products & technologies

6
LEAP
Fund
Partners

Startups from PoC Stage to Pilot Stage

OBJECTIVE OF THE FUND

LEAP Fund support is positioned to act as a catalyst to raise follow on private funding enabling potential startups to pilot/commercialize their products and technologies.

LEAP support is positioned for Statups to attract Angel/Venture investments. The scheme is implemented through selected BioNEST Incubators who as BIRAC’s LEAP Fund partners receive grant–in-aid support of INR 500 lakhs/ cycle for deployment in Biotech Startups.

seed fund
Eligibility to become LEAP Fund Partner
  • Incubator should be BIRAC’s SEED fund partner.
  • Incubator Should be Operational for last 5 years.
  • Incubator should have in-house capacity in incubating & mentoring early stage Biotech / Life Sciences Startups.
  • Incubator should have established IP&TT facilitation services for startups.
  • Incubator must have prior experience of 4 years in management of early stage funding schemes or other grants.

BIRAC LEAP Fund Partners

Startups can avail BIRAC LEAP Fund through any of the following LEAP Fund Partners

Foundation For Innovation And Technology Transfer
Institute of Knowledge and Progress
Centre for Cellular And Molecular Platforms
Venture Center
KIIT-Technology Business Incubator
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Last Updated: 06 February, 2023

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