BIRAC invites proposals from Biotech Start-ups and Individual Entrepreneurs with innovative idea having potential for commercialization. Eligible entities include:
- Start up age allowed for a registered company/LLP incorporated under BIG w.e.f 1st Aug 2021: 5 years
- Scientists, Faculty, Research Scholars, Graduates in any discipline incubating/intend to incubate at a BioIncubator
- Eligibility criteria for startups under BIG has been revised.
Biotechnology Industry Research Assistance Council (BIRAC), a Section 8 ‘Not-for-Profit Company’ of Government of India, has been set up as DBT’s interface agency, to serve as a single window for emerging biotech companies.
The scheme enables technology innovators and entrepreneurs to pursue a promising technology idea, and establish and validate proof of concept (POC) for the idea.