Now BIRAC to provide IP support for bio-startups

The scheme, Patenting & Technology Transfer for Harnessing Innovations (PATH), launched by the Biotechnology Industry Research Assistance Council (BIRAC) aims at supporting bioscience startup companies in commercialization and safeguarding patents of their products

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New Delhi: One of the primary mandates of Biotechnology Industry Research Assistance Council (BIRAC) is “to trigger, transform and tend biotech start-ups to convert innovative research of public and private sector into viable and competitive products and enterprises”. To accomplish this, BIRAC has launched several schemes to promote the innovative research in biotech sector.

BIRAC IP & Technology Management Cell is making considerable efforts to safeguard the Intellectual Property and to build a pipeline of Translatable technologies of BIRAC funded projects for further commercialization. Therefore, to promote the innovation ecosystem in India and also to enable the commercialization of the technology, BIRAC offers a wide range of IP and Technology Management services to Startups, SME’s and Academia under the program BIRAC-PATH (Patenting & Technology Transfer for Harnessing Innovations).

Securing technological innovation through different regimes of Intellectual Property (IP) is an important aspect in the growth strategy for the knowledge economy.

The support will include help on patent searches, patentability search etc besides patent drafting, filing, and prosecution. The patent and technology landscaping, as well as technology management including technology evaluation, technology marketing, license negotiation too, will be supported.

The scope of funding under this program will be for Patent Searches, Patent drafting, filing in India and certain convention countries and their limited maintenance. This program is intended to provide assistance to BIRAC beneficiaries. The grantees, however, will continue to own the patent and will determine the ideal path to commercial exploitation of such inventions.

To take this forward, BIRAC has empaneled technically competent and experienced IP & Technology Transfer (TT) firms who could provide assistance for patent drafting, filing and Commercialization of such technologies.

The call is open for all grantees funded by BIRAC under its scheme– Biotechnology Ignition Grant (BIG),  Contract Research Service (CRS), Small Business Innovation Research Initiative (SBIRI), Biotechnology Industry Partnership Program (BIPP),  Industry Innovation Program on Medical Electronics (IIPME), Social Innovation Program for Products: Affordable & Relevant to Societal Health (SPARSH), and Any other BIRAC beneficiaries

Additional details of the program can be accessed here.

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