- The proposed BIRAC AcE (Accelerating Entrepreneurs) Fund (hereafter referred to as “AcE Fund”) will , operate as “Fund of Funds” to foster R&D and innovation in Biotechnology domains (including areas such as healthcare, pharma, medical devices, agriculture, sanitation to name a few). AcE Fund shall invest in and partner with SEBI-registered AIFs (i.e. Venture Funds and Angel Funds). It is intended that the AcE Fund plugs the gap of the “Valley of Death “encountered by the Biotech start-ups during their product development cycle and growth phase.
- Detailed Application are invited from registered daughter funds which are registered in India and abide with relevant rules with SEBI Regulation on Venture Funds & are set up to achieve the objectives mentioned above will be eligible from the AcE Fund.
- The particulars required as per the formats should be submitted duly by the authorized person of the applicant entity, before 31st Dec 2017, 5:30 pm (IST).
- For details & other information kindly click Guidelines & Application form .
- For Further details write to sped.birac@nic.in and sped3.birac@nic.in
