BIRAC ANNOUNCES CALL FOR UNDER PROPOSAL PRODUCT COMMERCIALIZATION PROGRAM FUND. BIRAC is promoting product/technology development by Indian startups in different areas of biotechnology through various funding schemes such as BIG, BIPP, SBIRI, PACE, IIPME, and SPARSH, through various partnerships programs 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) scale of 1 to 9.
The existing BIRAC schemes support product development, and 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 programs. To deal with the situation, BIRAC has launched the Product Commercialization Program Fund (PCP Fund) under the BIRAC Product Commercialization Program (PCP).
KEY FEATURES OF THE CALL
To hasten the market launching and large-scale commercialization process of BIRAC-supported products/ technologies from Startups having high commercial potential or societal impact by providing financial assistance by way of Grant-in-Aid assistance.
WHO CAN APPLY?
Products/Technologies developed by Indian start-ups with BIRAC support through its funding schemes, partnership schemes, BioNEST incubation, awards, or in any other means, or Products of high national relevance, recognized according to by the steering committee, developed by start-ups with support from other sources of funding having TRL ≥7 in the BIRAC-TRL scale and are ready for large scale commercialization in the next 6-18 months.
HOW TO APPLY?
Proposals are required to be submitted online only. For scheme details and submission of the proposal, please log on to the BIRAC website (www.birac.nic.in).
LAST SUBMISSION DATE
Last Submission Date: 31-12-2022 12:00 AM
