Applications Invited for BIRAC's Call for Under Proposal Product Commercialization Program Fund

BIRAC
Last date: 
Thursday, December 31, 2020
Country: 
India

Detailed Description

About the Organization:

Biotechnology Industry Research Assistance Council (BIRAC) is a not-for-profit Section 8, Schedule B, Public Sector Enterprise, set up by Department of Biotechnology (DBT), Government of India as an Interface Agency to strengthen and empower the emerging Biotech enterprise to undertake strategic research and innovation, addressing nationally relevant product development needs.

Call for Under Proposal Product Commercialization Program Fund

BIRAC is promoting product/technology development by Indian Start-ups in different areas of biotechnology through various funding schemes such as BIG, BIPP, SBIRI, PACE, IIPME, SPARSH, through various partnerships programmes like Grand Challenges India, National Biopharma Mission, WISH or as innovation awards like TiE Winer.

BIRAC supported technologies are continuously monitored and measured for technology maturation on a BIRAC-TRL (Technology Readiness Level; http://www.birac.nic.in/desc_new.php?id=443) scale of 1 to 9. The existing BIRAC schemes support product development, extensive validation up to pre-commercialization.

Once the technology/product has been successfully validated (≥TRL 7) and is market ready, there are additional financial requirements for preparing the ground for market launch, test-validation in targeted markets and large scale commercialization, which are not covered under the existing funding programmes. To deal with the situation, BIRAC has launched the Product Commercialization Program Fund (PCP Fund) under the BIRAC Product Commercialization Program (PCP).

Key Features

  • To hasten the market launching and large scale commercialization process of BIRAC supported products/ technologies from Start-ups having high commercial potential or societal impact by providing financial assistance by way of Grant-in-Aid assistance.

Source:https://www.birac.nic.in/cfp_view.php?id=39&scheme_type=29

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