Startup Schemes Playbook
Part A · Startup-specific scheme

BIRAC Incubator SEED Fund (SEED)

Department of Biotechnology / Biotechnology Industry Research Assistance Council (BIRAC)

Equity Seed / Early-Stage Biotech, Health & Pharma

The BIRAC Incubator SEED Fund (SEED) provides early-stage funding through incubators to biotech startups so they can develop their ideas into viable products and launch successful businesses.

Type of support
Equity
Best suited for
Seed
Headline amount
Up to ₹30 lakh
How much
Up to ₹30 lakh per startup; incubator corpus typically ~₹2 crore
Source
Playbook p. 45

Objectives

BIRAC Sustainable Entrepreneurship and Enterprise Development Fund (“SEED Fund”) primarily addresses the financial support requirements of technology startups in their initial phase of operations. Funding is disbursed to startups under this program through the incubators. The funding support aims to enhance startups’ ability to raise investments from Angel/Venture capitalist or to seek loans from commercial banks /financial institutions.

Who can apply?

  • Biotech/Med-Tech/Life Sciences startups.

What do you get?

  • Seed funding as equity and equity linked instruments up to ₹30 lakh per startup.

How to apply

Refer to the BIRAC Incubator SEED Fund Scheme website for more information of the incubators associated with the program: https://www.birac.nic.in/seedFundNew.php

Go to official portal