The Biotechnology Industry Research Assistance Council (BIRAC) under its Biotechnology Ignition Grant (BIG) scheme has invited research proposals in biotechnology from entrepreneurs or potential entrepreneurs from academia, start-ups or an incubatee 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.

This is the second call for proposals from BIRAC since the BIG scheme was launched last year for igniting new ideas in biotechnology. The main aim of the scheme is to establish and validate proof of concept and also to enable creation of spin-offs. The scheme is for high level of innovation in the biotechnology sector and it supports only up-to proof-of-concept stage. The scheme will help to support and nurture these high risk early starters and their concepts.

Biotechnology start-ups which are registered company incorporated on/after January 1, 2010 with a functional R&D laboratory can apply under this scheme. 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.

Entrepreneurs or potential entrepreneurs from academia, research institute, or researchers, PhDs, medical degree holders, biomedical engineering graduates incubated in a Technology Business Incubator with an exciting idea which may be in the nascent and planning stage are eligible for the scheme.

BIRAC was set up by the Department of Biotechnology (DBT) last year to stimulate, foster and enhance the strategic research and innovation capabilities of the Indian biotech industry. It is an independent, autonomous, dynamic organisation, applying unique methodologies for nurturing the high risk projects which hold potential for commercialisation. BIRAC as an organisation nurturing and promoting innovation lead research would play an important role of “Connector and Catalyser”.

A unique initiative of the government to promote the growth of biotechnology industry in India, the BIRAC helps establish connectivity with professional and institutional networks and provide financial support for mid-level, quality innovation targeted at affordable solutions and product development.