BIRAC is promoting product/technology development by Indian Start-ups in different areas of biotechnology through various funding schemes such as BIG, BIPP, SBIRI, PACE, IIPME, SPARSH, through various partnerships programmes 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; http://www.birac.nic.in/desc_new.php?id=443) scale of 1 to 9. The existing BIRAC schemes support product development, 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 programmes. To deal with the situation, BIRAC has launched the Product Commercialization Program Fund (PCP Fund) under the BIRAC Product Commercialization Program (PCP).
To hasten the market launching and large scale commercialization process of BIRAC supported products/ technologies from Start-ups having high commercial potential or societal impact by providing financial assistance by way of Grant-in-Aid assistance.
Products/Technologies developed by Indian start-ups with BIRAC support through its funding schemes, partnership schemes, through BioNEST incubation, awards or in any other means, or Products of high national relevance, recognized according 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.
Announcement Date: 01-01-2020
Last Submission Date: 31-12-2022 12:00 AM