EOI invited for Supporting Affordable Product Development under Small Business Innovation Research Initiative (SBIRI)

Introduction

Unique features

• Support for discovery, proof-of-concept and early stage innovations, R&D aimed at affordable product development.

Aims:

• To nurture and mentor innovative and emerging technologies/ entrepreneurs, to assist new enterprises to forge appropriate linkages with academia and government.
• To create opportunities for starting new technology-based or knowledge-based businesses by science entrepreneurs
• To stimulate technological innovations
• Financial support is extended as a Grant-in-aid limited to Rs. 50.00 lakhs with a contribution from the Company.

Key Features of The Call

An Advanced Technology Scheme for high risk, transformational technology/ process development from proof-of-concept to validation leading to high value product commercialization

• Support new and futuristic technology development with major social bearing but uncertain market driven demand
• Support start-ups, SME’s and other Biotech companies on cost sharing basis

Who Can Apply?

A single or consortia of Indian company (ies) registered under “The Indian Companies Act 2013” with minimum 51%

Indian ownership, and DSIR recognized in-house R&D unit, are eligible to apply either alone, or in collaboration with a partner from another Company/Institute/University

(Companies in the process of obtaining DSIR recognition may also apply; however, their funding would be subject to getting DSIR recognition)

How to Apply?

Proposals for the Scheme is required to be submitted online only. To submit a proposal online, please log on to the BIRAC website (www.birac.nic.in).

 No Hard Copy to be submitted. Proposals submitted online only would be considered.

Last date for Submission of Proposals: 31st July, 2017

Details of the scheme including eligibility requirements, categories for proposal submission; guidelines for support as grant and loan; agreement templates etc. are available at www.birac.nic.in

For any queries, please contact

Head Investment, BIRAC. Email: investment.birac@gov.in

ANNOUNCEMENT DATE

15/06/2017

LAST SUBMISSION DATE

31/07/2017

For more information please check the Link

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