Venture Center

PACE Academic Innovation Research (AIR)

More Info
birac.nic.in
Organization
BIRAC (BIRAC)
Fund type
Grant
Source
Government
Status
Active
Focus area
Biotech, Medtech, Health & rehabilitation | Agriculture, food and nutrition | Cleantech, energy, environment, waste, sanitation
Target
Academic/ Research Institutes
Fund range
< Rs. 10 lakhs | Rs. 10 lakhs- Rs. 25 lakhs | Rs. 25 lakhs- Rs. 50 lakhs
Fund stages
A. Technology Development

Promoting Academic Research Conversion to Enterprise (PACE) Projects with well-established proof-of-principle leading to development of prototype of a product /technology of national relevance or commercial potential (Basic/exploratory research, projects without well-established Proof of principle or with no or low commercial potential will not be supported). Total cost of the project must not exceed Rs. 50 lakhs

Purpose

The objective of Academic Innovation Research (AIR) scheme is to promote development of Proof-of-concept (PoC) for a process/product by academia with or without the involvement of industry/LLP