Biotech start up journey, especially for first time entrepreneurs, is full of hurdles, both technological as well as business related such as business plan and market entry strategies, navigating regulatory hurdles, connecting and pitching to VCs and networking with future stakeholders. There is a greater realisation within the biotech community regarding the importance of focused mentorship which can help accelerate nascent biotech start up. BIRAC is therefore envisaging designing and implementing an equity based fund for supporting entrepreneurs in the valley of death.
BIRAC is therefore envisaging designing and implementing an equity based fund for supporting entrepreneurs in the valley of death.
| Impact of AcE Fund Scheme |
|---|
| No of AcE Partners: 10 |
| No. of Companies Supported under AcE: 49 |
| AcE Fund Corpus Size: 150 Cr |
| Mobilized Amount in Biotech Sector: 349 Cr |
The AcE Fund shall make a maximum capital commitment of up to Rs 30 crores or up to 30% of the total aggregate capital commitment amount(i.e. fund corpus) in each AcE daughter Fund
The assistance to a start-up will be up to INR 7 crores againest equity
The AcE daugher fund shall invest at least twice the amount contribute by BIRAC's AcE Fund into Biotech/Life Sciences sector start-ups
| S.No | Name of AcE Fund Partner |
|---|---|
| 1 | Bharat Innovation Fund |
| 2 | Gujarat Venture Finance Limited |
| 3 | Stake Boat Capital |
| 4 | Indian Angel Network |
| 5 | Kitven Fund |
| 6 | Endiya Fund Advisors Pvt. Ltd |
| 7 | Somerset Healthcare Investment Advisors Private Limited |
| 8 | Rajasthan Venture Capital Fund |
| 9 | Nabvenutre Fund |
| 10 | Ankur Capital |
| S.No | Name of Startup |
|---|---|
| 1 | Clensta International Private Limited |
| 2 | Farmers Freshzone Private Limited |
| 3 | Retailworx India Private Limited (Freshworld) |
| 4 | Pandorum Technologies Private Limited |
| 5 | Pregbuddy Technologies Private Limited |
| 6 | E14 Technologies Private Limited (Strom Motors) |
| 7 | Swadha Energies Pvt Ltd |
| 8 | Monitra Healthcare Private Limited |
| 9 | Chakr Innovation Private Limited |
| 10 | Nocca Robotics |
| 11 | Agatsa Software Pvt Ltd |
| 12 | Mimyk Medical Solutions Pvt Ltd |
| 13 | Bycyshare Technologies Pvt Ltd |
| 14 | Kanpur Flowercycling Pvt Ltd. |
| 15 | Ahummane BioSciences Pvt Ltd |
| 16 | Minion Labs India Pvt Ltd |
| 17 | Sirona Hygiene Private Limited |
| 18 | Intellihealth Solutions Pvt Ltd |
| 19 | Astrek Innovations Pvt Ltd |
| 20 | Nayam Innovations Pvt Ltd |
| 21 | Pandorum Tech Pvt LTd |
| 22 | String Bio Pvt Ltd |
| 23 | Vipragen Biosciences Pvt Ltd |
| 24 | JIVA Science Pvt Ltd |
| 25 | Fibroheal Woundcare |
| 26 | Zumutor Biologics Private Limited |
| 27 | VnF Ideas Private Limited |
| 28 | All That Deeps Limited |
| 29 | Ecotrail Personal Care |
| 30 | Lexir Resources Pvt Ltd |
| 31 | New Companies |
| 32 | Krimanshi Technologies Pvt. Ltd |
| 33 | Freshokartz Agri Products Pvt. Ltd |
| 34 | Medcords HealthcareSolutions Pvt. Ltd |
| 35 | Swajal Water Pvt. Ltd |
| 36 | Vituscare Medlife Pvt. Ltd. |
| 37 | Future Cure HealthPvt Ltd |
| 38 | Synapsica Healthcare Pvt Ltd |
| 39 | Eye stem Research Pvt Ltd |
| 40 | Cellprop Private Limited |
| 41 | SugarfIT |
| 42 | Klonec Automation Systems Private Limited (“Krishitantra”) |
| 43 | Satyukt Analytics Private Limited (“Satyukt”) |
| 44 | Chifu Agritech Pvt. Ltd. (Vegrow) |
| 45 | Infifresh Foods Pvt. Ltd |
| 46 | Farmstock Technologies Pvt. Ltd. (Krishify) |
| 47 | Anantm Technologies Pvt. Ltd. (Numen) |
| 48 | String Bio |
| 49 | Genworks Health Pvt. Ltd. |
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Last Updated: 21 September, 2023
