BIG

Eligibility criteria for an Individual

1. 1. The individual applicant should be an Indian citizen.
2. 2. The primary applicant should be the Project Leader.
3. 3. The applicant has to be incubated in an incubator (Incubator could be located anywhere in the country and may/may not be supported by BIRAC). At the time of application, the applicant is expected to have identified a preferred incubator. LoI/MoU with the incubator is required for final approval.
4. 4. If the applicant is formally employed (or registered as a student) with an academic or research organization, then
5. the applicant has to produce a No Objection Certificate (NOC) from the competent authority of the organization indicating that the organization has policies in place to allow the applicant while in service/ on sabbatical/on Extraordinary Leave
6. accept funding support (if successful) as an individual,
7. manage the funds through a separate no-lien account in individual capacity
8. undertake the BIG project in an incubator
9. to create an enterprise.
10. Alternatively, the applicant needs to provide an undertaking that he/she plans to terminate his/her association with the current employer and take up the project full-time in the event of grant approval. A resignation/ relieving/ retirement letter will be needed as a supporting document before final approval and release of the grant.
11. 5. If the applicant is formally employed with a for-profit company/LLP,
12. the applicant needs to provide an undertaking that he/she plans to terminate his/her association with the current employer and take up the project full-time in the event of grant approval (A resignation/ relieving/retirement letter will be needed as supporting document before final approval and release of the grant.), or,
13. Alternatively, the application should be submitted under the Company/LLP category.
14. 6. An individual who is a promoter shareholder of a Biotech company or one of the partners in a Biotech LLP will not be allowed to apply as an individual, irrespective of the percentage of shareholding of the applicant in the company. (In such a case, the application can be submitted through the company/LLP route, in case the company/LLP meets the required eligibility criteria as detailed below).

Eligibility criteria for Company/ LLP

1. The Company/LLP should be registered under the Indian Companies Act, 1956/2013.
2. The incorporation date of the Company/LLP should not be earlier than 5 years from the date of closing of a particular BIG call.
3. A company is considered as 'owned’ by resident Indian citizen(s) if minimum 51% of the capital is beneficially owned by resident Indian citizen(s) and/or Indian companies, which are ultimately owned and controlled by resident Indian citizens.
4. Company/LLP’s application should be represented by a Project Leader.
5. The Company/LLP must have its own in-house R&D facility that is functional and adequate to execute the project. If the Company/LLP does not have a functional and adequate laboratory of its own then it should be incubated at an incubator (This shall be verified and confirmed by BIG Partner ),
6. If an applicant company, in which any promoter holding more than or equal to 20% of the shares, is a co-promoter of another ineligible company or a partner in another ineligible LLP, then the applicant will not be eligible. The only exception to this shall be a situation wherein the latter ineligible company/LLP is operating in a non-biotech domain. In case the applicant is an LLP: An applicant LLP, in which any of the partners is also a partner in another ineligible LLP or is a co-promoter in another ineligible company, then the applicant will not be eligible.
7. Note 01: Every proposal must clearly identify a Project Leader who will take responsibility for the technical and managerial aspects of the project execution.
8. Note 02: The Project Leader must be technically qualified to undertake the project. The Project Leader must have completed basic undergraduate training in any discipline.
9. Note 03: In the event that the proposal is shortlisted for presentation in front of the Selection Committee(s), the Project Leader will be required to present the case for support. In the event that a proposal is shortlisted for funding support, the Project Leader will be required to sign the project agreement.
10. Note 04: The project Leader must be a shareholder in the applicant company.
11. Note 05: The proposed objectives and deliverables should not have received funding support from any other agency.
12. Note 06: BIG support can be provided only once to any individual/startup.
13. Note 07: Biotech Start-ups and Individual Entrepreneurs with innovative ideas having potential for commercialization are eligible to apply.
14. Note 08: Scientists, Faculty, Research Scholars, and Graduates in any discipline incubating/ intend to incubate at a Bio Incubator.

• Support provided to grantees under the scheme
• 1. Under the BIG scheme, BIRAC provides a grant-in-aid of up to INR 50 lakhs (approx. USD 75,000) for a period of 18 months.
• 2. BIG Partners and BIRAC provide continuous mentoring support to the grantees, including but not limited to the following
• Technical Mentoring (Connect with Technical Experts)
• IP Support
• Legal Support
• Networking and Outreach
• Trainings
• Regulatory Advice
• Business Mentoring
• Connect with Investors
• Any other assistance on a case basis

1. The funding is provided for a period of up to 18 months. The project is implemented in a milestone-based manner.
2. 1. Under the BIG scheme, BIRAC provides a grant-in-aid of up to INR 50 lakhs (approx. USD 75,000) for a period of 18 months.

• Documentary evidence for verification by BIG Partners: Before the Technical Expert Panel (TEP)
• Letter of commitment from Scientific Advisors/ Mentors to serve as honorary advisors
• Letter of intent of key members of the technical team
• Letter of interest/intent from the incubator
• Evidence of access to the unique facility(ies) needed to execute a project
• Evidence of access to key samples needed to execute the project (eg: bio-fluids)

Any other relevant document

Post Expert Selection Panel (ESC)

• Letter of acceptance or MoU with incubator
• Formal agreements/ MoUs with other key facility(ies) providers/ suppliers
• Any other due diligence documents requested on a case-to-case basis by BIG Partners (e.g. technology in licensing; IP rights clarification; NoC from Institute etc.)
• Undertaking by the applicant that the project with the same objectives and deliverables has not received funding from any other agency.
• Any other relevant document