Small Business Innovation Research Initiative (SBIRI)
Small Business Innovation Research Initiative (SBIRI)
The Small Business Innovation Research Initiative (SBIRI) scheme of the Department of Biotechnology, Ministry of Science & Technology was launched in 2005 to boost Public-Private- Partnership (PPP) efforts in the country. SBIRI was the first of its kind, early stage, innovation focused PPP initiative in the area of Biotechnology. Launching of SBIRI has worked as an enabling platform for the target organizations to realize their potential in terms of product and process development and taking them to the market. It has facilitated innovation, risk taking by small and medium companies and bringing together the private industry, public institutions and the government under one roof to promote the research and innovation in the Indian Biotech Sector. The projects supported under the scheme have resulted in prominent outcomes in the form of some products which have already come to the market and some promising research leads seeing ray of hope for commercialization.
Who can apply:
Solely by a Company incorporated under the Companies Act, 2013 Limited Liability Partnership (LLP) incorporated under the Limited Liability Partnership Act, 2008 Joint Ventures either in the form of Company/ LLP by any of the above entities jointly with other private or public partner(s) (Universities or Institutes). Funding amount: There is no cap on funding. However, if the funding requirement is Up to 50 lakhs: 100% grant from BIRAC (primary applicant + collaborating company, if any)
More than 50 lakhs: BIRAC grant would be Rs. 50 Lakhs + 50% of the Cost over and above Rs. 50 Lakhs. Remaining cost would be borne by the company