BIRAC ACE Fund - Accelerating Entrepreneurs
Posted 01/04/2023
| Description | Biotech start up journey, especially for first time entrepreneurs, is full of hurdles, both technological as well as business related such as business plan and market entry strategies, navigating regulatory hurdles, connecting and pitching to VCs and networking with future stakeholders. There is a greater realisation within the biotech community regarding the importance of focused mentorship which can help accelerate nascent biotech start up. BIRAC is therefore envisaging designing and implementing an equity based fund for supporting entrepreneurs in the valley of death. |
| Provider Type Central Govt / State Govt / Private Sector | Central government |
| Provider Name | Department of biotechnology |
| Amount | 7 crore |
| Grant Conditions & Qualifying Criteria | The Potential AcE partner applicant should be a proper legal entity operationalizing eligible daughter fund(s). The applicant should have experience of preceding five years particularly in Biotechnology/Health- Science/Life – Science related field for three years. |
| Focus Sector (Healthcare, Defense, Agriculture, etc.) | |
| Provider Contact Email | NA |
| Provider Website URL | https://www.indiascienceandtechnology.gov.in/programme-schemes/accelerating-entrepreneurs-ace-fund-0 |
| Type of funding (Grant, Loan or Equity) | NA |
| Process | NA |
| Tips for Winning | NA |
| Provider Indian State | NA |
| Provider Contact Address | |
| Is Active | "Yes" |
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