Home  >  TopNews
Biotechnology
+ Font Resize -

BIRAC invites research proposals from start-up biotech cos under BIG scheme

Ramesh Shankar, Mumbai
Saturday, August 12, 2017, 08:00 Hrs  [IST]

Under its Biotechnology Ignition Grant (BIG) scheme, the Biotechnology Industry Research Assistance Council (BIRAC) has invited research proposals from potential entrepreneurs from biotechnology start-ups, or academicians, scientists, researchers, PhDs, medical degree holders, biomedical engineering graduates to pursue a promising technology idea and establish and validate proof-of-concept for the idea.

The purpose of the BIG Scheme is to foster generation of ideas with commercialisation potential; upscale and validate of proof of concept; encourage researchers to take technology closer to market through a start up; and stimulate enterprise formation.

As part of this scheme, successful BIG innovators receive up to Rs.50 lakh (appox. $100K) for research projects with commercialization potential with duration of up to 18 months.

This is the 11th call for proposals from BIRAC since the BIG scheme was launched in 2012 for igniting new ideas in biotechnology. The last date for submission of proposals is August 16, 2017. The scheme is currently managed through 6 BIG partners across the country who works with the BIG innovators to provide mentoring, monitoring, networking and other business development related activities.

The BIG scheme was launched by BIRAC as it is of the view that the “bio-innovation capital” of the nation would come from novel ideas which have a commercialization potential and that evolve out from start-ups or academic spin-offs. BIRAC’s strategy was to support the numerous exciting ideas which have an unmet need for funding and mentorship. This strategy is fulfilled through a grant funding scheme called BIG which is available to scientist entrepreneurs from research institutes, academia and start ups. The applicant must be either an incubatee or have a registered company with a functional R&D laboratory to be eligible for this grant. The scheme is designed to stimulate commercialization of research discoveries by providing very early stage grants to help bridge the gap between discovery and invention.

The scheme enables technology innovators and entrepreneurs to pursue a promising technology idea, and establish and validate proof of concept (POC) for the idea. By funding establishment and validation of POC, BIRAC wishes to help innovators and entrepreneurs advance an idea closer to eventual commercialization/implementation in the form of technology licenses or creation of start-up companies or raising investments for the company. The scheme aims to support high-risk technology ideas with considerable potential for impact.

 

*POST YOUR COMMENT
Comments
* Name :     
* Email :    
  Website :  
   
     
 
IPJPI_150x60en_2017
acssymposium
CPhI-WWW-150x60-stat-v1
PHARMACONNECT_2018
 
 
 
 
Copyright © 2016 Saffron Media Pvt. Ltd |