BIRAC Small Business Innovation Research Initiative Fund in Narayanpet
SBIRI
Biotechnology Industry Research Assistance Council (BIRAC), Department of Biotechnology
Guidance for businesses in Narayanpet
Launched by the Department of Biotechnology, SBIRI encourages high-risk innovative research projects in biotechnology. It empowers small and medium-sized companies to undertake transformative research, supporting objectives like strengthening industrial R&D, boosting capabilities, and stimulating innovation in the biotech sector.
At a glance
- Implementing Body
- BIRAC (Department of Biotechnology)
- Support
- Funding for high-risk R&D projects
- Beneficiaries
- Small and medium-sized biotech companies
- Focus
- Transformative, innovative research
- Goals
- Strengthen industrial R&D and innovation
Benefits
Supports small businesses in conducting innovative research and development projects, facilitating technological advancements and commercialization.
Eligibility
- Small and medium-sized companies in the biotechnology sector undertaking high-risk, innovative research projects.
- The company should be pursuing transformative research with potential for technological advancement and commercialization.
Documents required
- Company registration/incorporation certificate
- Detailed R&D project proposal (high-risk, innovative research)
- Evidence of in-house R&D capability
- Business/commercialization plan
- PAN and bank account details of the entity
- Any other document as required by BIRAC
How to apply
Eligible small and medium-sized biotech companies should apply to BIRAC when an SBIRI call is open. Submit the detailed R&D project proposal along with the required documents (registration, R&D-capability evidence, and commercialization plan) for evaluation. Proposals are assessed on innovation, technical merit, and commercialization potential; selected companies receive funding support to undertake their transformative research.
About the scheme
The Small Business Innovation Research Initiative (SBIRI) Fund, launched by the Department of Biotechnology and delivered through BIRAC, encourages high-risk, innovative research projects in biotechnology. It empowers small and medium-sized companies to undertake transformative research — strengthening industrial R&D, boosting capabilities, and stimulating innovation in the biotech sector.
Why it matters
- High-Risk R&D:
- Supports transformative research.
- SME Empowerment:
- For small and medium companies.
- Industrial R&D:
- Strengthens capabilities.
- Innovation:
- Stimulates the biotech sector.
Focus areas
- Innovative Research:
- High-risk biotech R&D.
- Industrial R&D:
- Strengthening company capabilities.
- Commercialization:
- Technological advancement to market.
Is this scheme right for you?
The SBIRI Fund empowers India's small and medium biotech companies to take on high-risk, transformative research, strengthening industrial R&D and innovation. If your company is pursuing an innovative research project with commercialization potential, this fund can support your work.
Frequently asked questions
What is the BIRAC SBIRI Fund?
Launched by the Department of Biotechnology, the Small Business Innovation Research Initiative (SBIRI) encourages high-risk innovative research projects in biotechnology, empowering small and medium-sized companies to undertake transformative research.
Who can benefit from SBIRI?
Small and medium-sized companies in the biotechnology sector undertaking high-risk, innovative research projects.
What are the objectives of SBIRI?
Its objectives include strengthening industrial R&D, boosting capabilities, and stimulating innovation in the biotech sector.
What kind of research does SBIRI support?
SBIRI supports high-risk, innovative and transformative research projects in biotechnology.
What is the main benefit of SBIRI?
It supports small businesses in conducting innovative research and development projects, facilitating technological advancements and commercialization.
Who implements the SBIRI Fund?
It is implemented by the Biotechnology Industry Research Assistance Council (BIRAC) under the Department of Biotechnology.
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