KIIT-TBI Ecosystem with the support of

BIOTECHNOLOGY INDUSTRY RESEARCH ASSISTANCE COUNCIL (BIRAC)

Launching Entrepreneurs for Affordable Products Fund (LEAP FUND)

Equity-based Investment up to INR 50 Lakhs

ABOUT: BIRAC LEAP FUND

KIIT-TBI has partnered with BIRAC to implement the Launching Entrepreneurs for Affordable Products (LEAP) Fund, to enable promising and innovative startups in the biotechnology and life sciences sectors to pilot/commercialize their products/technologies. The scheme is positioned to act as a catalyst in bringing technologies/products forward piloting/commercialization and reducing their gestation period to commercialization.

Eligibility: BIRAC LEAP Fund

◉ Indian startups, registered under the Companies Act of 2013, must have a minimum of 51% shareholders who are Indian citizens (excluding OCI or PIO).
◉ The venture should be in its early stage, having operated for 2-7 years since inception, and should boast a highly capable team.
◉ The focus of the venture should be on developing solutions within the Biotechnology/Life Science sector.
◉ The technology being developed should be at Technology Readiness Level (TRL) 7 or higher.
◉ Previous rounds of funding (grants/investments) should have been secured by the company.
◉ The venture must have a clearly defined strategy for scaling up and entering the market, with anticipated positive revenue within the next 24 months post-funding.
◉ Preference will be given to ventures that have already entered the revenue generation stage.

Financial assistance for

◉ Advancing innovations to larger scales.
◉ Pilot scale production
◉ Making the product ready for market launch and commercialization
◉ Conducting market research and receiving professional consultancy.
◉ Building enterprises, including developing market strategies, business plans, and supply chains.

Funding: BIRAC LEAP Fund

Equity-based investment up to INR 50 Lakhs

Impact: BIRAC LEAP Fund

Startups Supported

0 +

Total IP Geneated

Product Commercialized

0 Cr+

Investment RAised

0 Cr+

Funds mobilized

0 Cr+

Total Valuation of startups

Financial assistance for

◉ Advancing innovations to larger scales.
◉ Pilot scale production
◉ Making the product ready for market launch and then commercialization
◉ Conducting market research and receiving professional consultancy.
◉ Building enterprises, including developing market strategies, business plans, and supply chains.

Screening Criteria

◉The start-up should be working towards innovative technology/technologies and should be product-oriented (not services oriented) and minimum TRL7
◉ The technology should be novel & there should be potential for the generation of IP.
◉ The technology should fulfill an unmet need and have an impact.
◉ The start-ups should have a competent team in both technical & business aspects.
◉ The technology should have a sound commercialization strategy and road map to the market.
◉ The start-ups should have a clear understanding of the end-user/customer and market size
◉ The start-up should have a sound business plan and company vision