Fund Corpus BIRAC/DBT
Number of Daughter funds
Investment commitment for Biotech startups
Number of Startups supported
Investment done in Biotech startups
(Last updated on: Oct 2022)
“Fund of Funds - AcE” fosters R&D and innovation in Biotechnology domains by plugging the funding gap encountered by the biotech startups during their ‘product development cycle’ and ‘growth phase’. AcE Fund invests and partners with SEBI- registered Category I and II AIFs, which are professionally managed and keen to invest in biotech sector. The Daughter Funds commit to invest in the Biotech startups & SMEs 2x of BIRAC’s committed investment in the Funds.
Biotech sub–sectors include Healthcare, Life Sciences, Pharma, Biopharma, Med-tech, Diagnostics, Industrial-Biotech, Agri-tech, Bio-IT/Services and allied areas.