Sustainable Entrepreneurship and Enterprise Development Fund (SEED) - A BIRAC initiative.

The idea behind BIRAC’s initiative – Sustainable Entrepreneurship and Enterprise Development Fund (BIRAC SEED Fund) is to provide capital assistance to startups with new and meritorious ideas, innovations and technologies. BIRAC Seed Fund aims to enable startups to graduate to a level where they can raise investments from angel investors/venture capitalists or seek loans from commercial banks /financial institutions. Thus the seed support is positioned to act as a bridge between promoters’ investment and Venture/Angel investment.

Eligibility Criteria for BIRAC SEED Fund

Any startup, registered in India, working in biotechnology domain may apply, fulfilling the following criteria:
– Upto five years of incorporation/registration
– If it’s turnover for any of the financial years has not exceeded INR 25 crore
– And is working towards innovation, development, deployment or commercialization of new products, process or services driven technology or intellectual property

What you get

Equity based funding support up to INR 30 Lakhs to buy equipment, supplies and for hiring employees
Guidelines

Program Partners :

Startups Supported:

3

Funding support:

90

Lakhs

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