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Reports name /title Funding scheme detail
Report was generated on 24 Jul 2024 (Date based on PCT time)
Report url http://funding.venturecenter.co.in/viewrecord.php?srn=BI20220207040459
Description & notes (A) - Technology Development Funds; (B) - Patent Protection Funds; (C) - Technology In-Licensing Funds; (D) - Technology Scale-up/ Validation / De-risking Funds; (E) - Market Entry Funds; (F) - Expansion Funds;
Academic Innovation Research (AIR)
OrganizationDepartment of Science and Technology
Source of fundingGovernment
SchemeAcademic Innovation Research (AIR)
Type of fundingGrant
Funding Amount5000000
DescriptionTotal cost of the project must not exceed Rs. 50 lakhs (Non-recurring cost must not exceed 10% of the total cost)
Range of fundingRs 25 lakh to Rs 50 lakh
Target investeesresearch institutes/Academia
NoteTo encourage/support academia to develop technology/product (up to PoC stage) of societal/ national importance and its subsequent validation by an industrial partner, BIRAC has launched PACE (Promoting Academic Research Conversion to Enterprise).The scheme has two components as below: 1. Academic Innovation Research (AIR): 2.Contract Research Scheme (CRS):
PurposeThe objective of Academic Innovation Research (AIR) scheme is to promote development of Proof-of-concept (PoC) for a process/product by academia with or without the involvement of industry/LLP.
Focus areaBiotechnology/ Biomedical/ Health Technologies
Provides Funds For A, B, C, D, E,
Scheme TypeOngoing scheme
Recommended scheme
Scheme statusLive scheme
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