The Biotechnology Industry Research Assistance Council (BIRAC), under the Biotechnology Ignition Grant (BIG) scheme, has invited research proposals from potential entrepreneurs from biotechnology for igniting new ideas from biotechnology start-ups, entrepreneurs or academicians, scientists, researchers, PhDs, medical degree holders and biomedical engineering graduates.

The scheme is aimed for high level of innovation in the biotechnology sector and does not support basic research projects. It will only support up-to proof-of-concept stage and grant-in-aid limited up-to Rs. 50 lakh for the period of 18 months.

Biotechnology start-ups which are registered company incorporated on/after January 1, 2013 can apply under this scheme. Academicians, scientists, researchers, PhDs, medical degree holders and biomedical engineering graduates, incubating in a technology business incubator, who have innovative technology idea with considerable potential for impact or commercialisation can also participate in the programme.

This is the eighth 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 February 15, 2016.

BIG Scheme of BIRAC is a unique initiative of the government to promote the growth of biotechnology industry in India, the BIRAC is also helping establish connectivity with professional and institutional networks and provide financial support for mid-level, quality innovation targeted at affordable solutions and product development. It is an independent, autonomous, dynamic organisation, applying unique methodologies for nurturing the high risk projects which hold potential for commercialisation.

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.