Programmes & Schemes

Sustainable Entrepreneurship and Enterprise Development (SEED) Fund

SEED Fund is providing Capital assistance to startups with new and meritorious ideas, innovations, and technologies. This would enable start-ups to graduate to a level where they will be able to raise investments from angel/Venture capitalists or they will reach a position to seek loans from commercial banks /financial institutions. Thus the proposed seed support is positioned to act as a bridge between promoters’ investment and Venture/Angel investment. Under Incubator SEED Fund, BIRAC will provide Grant-in-aid Assistance to selected BIRAC funded incubators based on certain establishment and operational criteria.

Ministry / Department: Department of Biotechnology (DBT), Govt of India

Focus Area: Life Sciences/ Biotechnology

Target Audience: Incubators

Funding Agency: Biotechnology Industry Research Assistance Council (BIRAC)

Eligibility: Incubator should have been supported through BIRAC's Bio-NEST Scheme. Incubator should be operational since last three years, with at least 5 resident start-ups in Biotech/Life Science start up. Incubator should have established IP&TT facilitation services for startups Incubator must have prior experience in management of early stage funding schemes or ohter grants

Purpose: Capacity Building

Fellowship / Financial Assistance: Each selected incubator will be granted up to 100.00-200.00 Lakhs

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