The Biotechnology Ignition Grant (BIG) is a flagship scheme of BIRAC that recognizes and invests in innovative ideas in the biotech sector. The ideas should have clear potential to translate into commercial products/technologies. BIG supports early stage start-ups from ideation to Proof of Concept (PoC). Under the BIG scheme, BIRAC provides a grant-in-aid of upto INR 50 lakhs for a period of 18 months.
1. The Company/LLP should be registered under the Indian Companies Act, 1956/2013. 2. The incorporation date of the Company/LLP should not be earlier than 5 years from the date of launch of a particular BIG call. 3. The Company/LLP must have its own in-house R&D facility that is functional and adequate to execute the project.