| Small Business Innovation Research Initiative(SBIRI) Phase 1 |
| Organization | Biotechnology Industry Research Assistance Council (BIRAC) |
| Source of funding | Government |
| Scheme | Small Business Innovation Research Initiative(SBIRI) Phase 1 |
| Type of funding | Grant |
| Funding Amount | 5000000 |
| Description | Up to Rs 50 lakh - 100% grant and for more than Rs. 50 lakh - grant would be Rs. 50 Lakhs + 50% of the Cost over and above Rs. 50 Lakhs. Remaining cost would be borne by the company |
| Range of funding | Rs 50 lakh to Rs 2 crore |
| Target investees | Start-ups |
| Note | Funding structure:
If the actual project cost is up to Rs. 25 lakhs, 80% of the project cost will be available as a government grant.
If the actual project cost is between Rs. 25 lakhs and Rs. 100 lakhs, 50% of the project cost will be available as government grant subject to a minimum of Rs. 20 lakhs and maximum of Rs. 50 lakhs.
If the project cost is beyond Rs. 100 lakhs, in addition to the Govt. grant of Rs. 50 lakhs, the unit will be eligible for interest free loan upto 50% of the amount (subject to a limit of Rs. 50 lakhs as loan) by which the total project cost exceeds Rs. 100 lakhs.
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| Purpose | to provide support for early stage, pre-proof-of-concept research in biotechnology by industry; and to support new indigenous technologies particularly those related to societal needs in the healthcare, food and nutrition, agriculture and othersectors, |
| Focus area | Biotechnology/ Biomedical/ Health Technologies |
| Provides Funds For | A, B, C, D, |
| Scheme Type | Ongoing scheme |
| Recommended scheme | |
| Scheme status | Live scheme |
| More detail.. | Link |
