Updated on 8 August 2012
The target groups for the Biotechnology Ignition Grant (BIG) scheme include potential entrepreneurs from academia or an Incubatee (PhDs, Medical degree holders or Biomedical Engg. Graduates) who have an exciting idea that can be translated into a product and have an unmet need for mentorship and funding. The Biotechnology Ignition Grant would help to support and nurture these high risk early starters and their ideas.
Impotant FAQs about this scheme.
BIG scheme supports only up-to proof-of-concept stage. Funding will be in the form of Grant-in-Aid limited up-to Rs 50 lakh. The period for the study would generally not exceed 18 months. The funding to the BIG Innovator by the BIG Partner will always be in the form of Grant-in-Aid. No royalty will be charged on the disbursed fund to the BIG Innovator by the BIG Partner. Funding may also be used for conducting limited market research, patenting costs, working capital during the period, travel, salary etc.
How to apply for the BIG grant?
The proposals are supposed to submitted online. BIRAC would invite proposals for the BIG at least twice a year.