About PCP Fund
BIRAC is promoting product/technology development by Indian Start-ups in different areas of biotechnology through various funding schemes such as BIG, BIPP, SBIRI, PACE, IIPME, SPARSH, through various partnerships programmes like Grand Challenges India, National Biopharma Mission, WISH or as innovation awards like TiE Winer.
Once the technology/product has been successfully validated (≥TRL 7) and is market ready, there are additional financial requirements for preparing the ground for market launch, test-validation in targeted markets and large scale commercialization, which are not covered under the existing funding programmes. To deal with the situation, BIRAC has launched the Product Commercialization Program Fund (PCP Fund) under the BIRAC Product Commercialization Program (PCP).
To hasten the market launching and large scale commercialization process of BIRAC supported products/ technologies from Start-ups having high commercial potential or societal impact by providing financial assistance by way of Grant-in-Aid assistance.
Products/Technologies developed by Indian start-ups with BIRAC support through its funding schemes, partnership schemes, through BioNEST incubation, awards or in any other means, or Products of high national relevance, recognized according by the steering committee, developed by start-ups with support from other sources of funding having TRL ≥7 in the BIRAC-TRL scale and are ready for large scale commercialization in the next 6-18 months.
- Drugs (including drug delivery)
- Regenerative Medicine
- Devices and Diagnostics.
- Veterinary Sciences
- Industrial Biotechnology (covering Industrial Products & Processes)
- Secondary Agriculture
- Bioinformatics & software (Including Artificial intelligence, Big Data Analysis, IoT’s, software development etc.)
- Any other relevant areas in Biotechnology as and when identified by the relevant Steering Committee for Product Commercialization (SCPC) Committee
Duration of Support
The maximum duration of support is 24 months
Start-ups will have to apply for BIRAC PCP fund through submission of online application format available on this link which is open throughout the year.
Deputy Manager Technical: Dr Saishyam Narayanan