BIRAC
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SEED Fund is meant for post PoC Startups. It helps Biotech Startups to cover the first Valley of Death enabling Angel investment readiness

For more details click here to view guidelines.

Impact

16

SEED Fund Partner BioNEST Incubator

112

No of Startups supported with Equity Investment of
INR 30 Cr

398

(INR CR)

Follow on funding raised by 71 startups

2498

(INR CR)

Combined valuation of 89 startups

118

Number of products commercialised by Startups

(Last updated on: Feb 2023)

seed fund
Objective of the Fund

SEED Fund is the first equity exposure of up to INR 30 lakhs providing Capital assistance to post PoC Startups with new and meritorious ideas, innovations and technologies.

SEED support is positioned to act as a bridge between promoter’s investment and Angel/Venture investment. The scheme is implemented through selected BioNEST Incubators who as BIRAC’s SEED Fund partners receive grant–in-aid support of INR 200 lakhs/ cycle for deployment in Biotech Startups.

seed fund
Eligibility to become SEED Fund Partner

  • Incubator should have been supported through BIRAC’s BioNEST programme.
  • Incubator should be Operational for last three years.
  • Incubator should have in-house capacity in incubating & mentoring early stage Biotech / Life Sciences Startups.
  • Incubator should have established IP&TT facilitation services for startups.
  • Incubator must have prior experience in management of early-stage funding schemes or other grants.

BIRAC SEED Fund Partners

Startups can avail BIRAC SEED Fund through any of the following SEED Fund Partners

bionnovation centre
KIIT
naarm
golden jubilee
ikp
riidl
fiit
iitm
sine
vit
ccamp
iitk
gsbtm
ikp eden
pu
vc