Thursday, May 31, 2012

BIRAC-Biotechnology Ignition Grant 2012

BIRAC-Biotechnology Ignition Grant 2012

BIRAC invites proposal under BIG scheme to encourage and support Biotech Entrepreneurs

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 aim of BIG scheme is to provide support to entrepreneurs to validate proof of concept and enable creation of spin-offs

Eligibility:

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.

For more information visit : http://www.birac.nic.in/

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