New Delhi: The Biotechnology Industry Research Assistance Council (BIRAC), a Section 8 ‘Not-for-Profit Company’ of Government of India, has been set up as Department of Biotechnology (DBT)’s interface agency, to serve as a single window for emerging biotech companies. The Biotechnology Ignition Grant (BIG) scheme from BIRAC enables technology innovators and entrepreneurs to pursue a promising technology idea, and establish and validate proof of concept for the idea.
As per BIRAC, the BIG is for the high level of innovation in the biotechnology sector. The scheme does not support basic research projects but only only upto Proof-of-Concept stage. Grant-in-Aid under BIG scheme is upto Rs 50 lakh. The grant period is 18 months and includes mentoring support and project monitoring by BIG Partner. The proposals for this 10th call for BIG by the BIRAC can be sent upto February 15, 2017.
The biotechnology start-ups or entrepreneurs with registered company incorporated on/after January 01, 2014 can send in their proposals. The prospective beneficiaries could include the academicians, scientists, researchers, PhDs, medical degree holders, biomedical engineering graduates incubating in a Technology Business Incubator. The proposal should be submitted by those who have innovative technology idea with considerable potential for impact and commercialization. Only online submission of proposal is allowed under BIG scheme. Register on BIRAC website under “BIG User” for submission of
The interested companies and individuals must note that only online submission of proposal is allowed under BIG scheme. Register on BIRAC website under “BIG User” for submission of proposal. User registrations open round the clock. Prior recipient of BIG grant are ineligible. For further details on the scheme, eligibility criteria, FAQs and registration log on to the website of BIRAC here.