Calling all biotech entrepreneurs and companies in India! A golden opportunity awaits you. BIRAC (Biotechnology Industry Research Assistance Council) has opened its doors for proposals under the SBIRI scheme. This is your chance to land funding and support for developing groundbreaking new biotech products. In this article, ilovephd explained the latest BIRAC call for proposals under the SBIRI Scheme.
Understanding BIRAC Call for Proposals
This SBIRI program is designed to specifically target early-stage innovations and R&D projects focused on creating affordable solutions in the biotech sector.
Aim of the Proposal
- Nurturing Innovation: BIRAC actively seeks to identify and empower promising new technologies and budding entrepreneurs within the biotech field.
- Bridging the Gap: The program functions as a bridge, connecting new businesses with valuable resources from both academia and the government.
- Empowering Science Entrepreneurs: BIRAC empowers science professionals by providing them with the tools to launch successful technology-driven businesses.
- Driving Innovation: The SBIRI scheme serves as a catalyst, encouraging the development of cutting-edge solutions in the biotech field.
What Projects Qualify for BIRAC Call for Proposals?
- High-risk, transformative technology development endeavors
- Projects focused on validating proof-of-concept for high-value products with significant social impact
- Projects led by startups, SMEs (Small and Medium Enterprises), and established biotech companies
Who Can Apply for BIRAC Call for Proposals?
- Companies registered under the Companies Act, 2013
- Limited Liability Partnerships (LLPs) formed under the Limited Liability Partnership Act, 2008
- Joint ventures between the above entities and public/private partners (including universities and institutes)
Eligibility Criteria for BIRAC Call for Proposals
- Companies: At least 51% ownership by Indian citizens (excluding PIO and OCI holders).
- LLPs: At least half of the founding partners must be Indian citizens.
- Project implementation: Companies must have adequate in-house facilities or be incubated in a recognized facility.
- Academic collaborators: Public/private universities, national research labs, or non-profit private research institutions in India.
How to Apply for BIRAC Call for Proposals
The application process is entirely online. Proposals must be submitted through the BIRAC website (https://www.birac.nic.in/). No physical copies will be accepted.
Key Dates
- Announcement Date: April 1, 2024
- Last Date for Submission: May 15, 2024 (5:30 PM)
Get All the Details
For a comprehensive understanding of the SBIRI scheme, including eligibility criteria, funding options, and application guidelines, visit the BIRAC website (https://www.birac.nic.in/).
5 Tips for Successful BIRAC Proposal Submission
Here are 5 tips to help your proposal stand out and increase your chances of success in the BIRAC Call for Proposals:
1. Clearly Define Your Innovation:
- Problem & Solution: Clearly explain the specific problem your biotech product addresses and how your innovation offers a unique solution.
- Market Need: Demonstrate a strong market need for your product. Conduct thorough market research to show the potential impact and target audience.
2. Demonstrate Feasibility & Impact:
- Technical Expertise: Highlight your team’s qualifications and experience in developing and commercializing similar products.
- Implementation Plan: Present a well-defined plan for project implementation, including timelines, milestones, and resource allocation.
- Social Impact: If applicable, emphasize the positive social impact your product will have.
3. Write a Compelling Proposal:
- Clarity & Conciseness: Write in clear and concise language, avoiding technical jargon as much as possible.
- Data-driven Approach: Back up your claims with data, research results, and relevant scientific evidence.
- Proposal Structure: Follow the BIRAC guidelines strictly and present your proposal in a well-organized and easy-to-read format.
4. Highlight Cost-Effectiveness:
- Affordable Product: Demonstrate that your product will be accessible and affordable for the target market.
- Budget Justification: Justify your budget and clearly explain how the requested funds will be utilized.
5. Seek Feedback & Refine:
- Peer Review: Get feedback on your proposal from subject matter experts or trusted colleagues before submitting it.
- BIRAC Resources: Utilize BIRAC’s resources, like workshops or webinars, to gain valuable insights and ensure your proposal aligns with their priorities.
By following these tips and putting in the effort, you can significantly increase your chances of securing funding and developing your innovative biotech product with the help of BIRAC.
This BIRAC call for proposals is your chance to make your innovative biotech idea a reality. Don’t wait! Submit your SBIRI proposal today and take the first step toward success!
