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