Venture Center

BIRAC University Innovation Cluster

More Info
www.birac.nic.in
Organization
Biotechnology Industry Research Assistance Council (BIRAC)
Fund type
Fellowships | Grant
Source
Government
Status
Active
Focus area
Biotech, Medtech, Health & rehabilitation | Agriculture, food and nutrition | Cleantech, energy, environment, waste, sanitation | Hardware, software, IOT, data, AI, ML | Industrial Products | Material Tech, textiles
Target
Academic/ Research Institutes | Individual- academicians | Individual- researcher
Fund range
Rs. 10 lakhs- Rs. 25 lakhs
Fund stages
A. Technology Development | B. Patent Protection

Fellowship and Innovation grant

Purpose

Biotechnology Industry Research Assistance Council (BIRAC) has developed a focused strategic action plan to foster the culture of innovation and techno-entrepreneurship in Indian Universities, leveraging the University Innovation Cluster (UIC) and Cluster Innovation Centre (CIC) model.  Five University clusters as mentionedhave been identified to establish Cluster Innovation Centres:

Program details:

A Cluster for 5-6 students/young Entrepreneurs to test their ideas/discoveries and take them to Proof of Concept

An incubation space-2500-3000 Sq.ft;

 BIRAC Innovation Fellowships for two (2) Post Docs. and four (4) Post M.Sc. Fellows per university

Post Doc. Fellow: BIRAC Innovation Fellowship @ Rs. 50,000/- p.m. & Innovation Grant of Rs. 5,00,000 p.a. for three years Post M.Sc. Fellows: BIRAC Innovation Fellowship @ Rs. 30,000/- p.m. & Innovation Grant of Rs. 2,00,000 p.a. for three years Industry Participation for training, mentoring, sponsored research and networking opportunities and IP & Technology Management; access to risk finance among others.