Launching Entrepreneurial Driven Affordable Products (LEAP) Fund

Launching Entrepreneurial Driven Affordable Products (LEAP) Fund

While the Bioincubators are able to support the “Space, Services and Knowledge” requirements of startups, wide gap exists in financial support required by a technology driven start up in the initial phase. BIRAC’s initiative - LEAP Fund (Launching Entrepreneurial Driven Affordable Products) primarily aims to address this need through the Incubators.

The LEAP Fund is to provide funding support of up to Rs 1 crore per startup. BioNEST Bioincubators (LEAP fund partners) will be given up to Rs 5 crore fund/ partner for investing in potential Startup against equity and equity linked instruments. This would enable potential start-ups to pilot/ commercialize their products/ technologies. Thus, the proposed funding support is positioned to act as a catalyst in bringing technologies/ products forward towards piloting/ commercialization and reducing their gestation to commercialization.

Funding amount: Up to INR 1 Cr
For further details visit: https://www.birac.nic.in/leapFund.php