Biotechnology Ignition Grant Scheme (BIG)


Organisation: Biotechnology Industry Research Assistance Council (BIRAC)

Apply By:  16/08/2018


 

BIRAC believes that the “bio-innovation capital” of the nation would come from novel ideas which have a commercialisation potential and that evolve out from start-ups or academic spin-offs. BIRAC’s strategy is therefore 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  Biotechnology Ignition Grant (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 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
  • Stimulate enterprise formation

 

The call for proposal is announced twice every year, on 1st January and 1st July. As part of this scheme, successful BIG Innovators receive up to INR 50 lakh (appox. $100K) for research projects with commercialisation potential with duration of up to 18 months.

 

The funding is provided over a maximum period of 18 months in installments against agreed milestones. Proposed project duration can range from 15 to 18 months. No request for extension shall be entertained under any circumstance.

 

For more information, please visit BIG.