BIRAC invites applications from startups for its AcE Fund

New Delhi: The Accelerating Entrepreneurs (AcE) Fund launched by the Biotechnology Industry Research Assistance Council (BIRAC) will operate as  “Fund of  Funds” to foster R&D and innovation in biotechnology domains (including areas such as healthcare, pharma, medical devices, agriculture, and other related areas.

AcE Fund shall invest in and partner with SEBI-registered AIFs (i.e. Venture Funds and Angel Funds).  It is intended that the AcE Fund plugs the gap of the “Valley of Death“ encountered by the biotech start-ups during their product development cycle and growth phase.

BIRAC has invited the detailed application from startups that have daughter funds registered in India and are abiding relevant rules with SEBI Regulation on Venture Funds. The applicants must fulfil the objectives and the eligibility to avail the AcE Fund.

The particulars required as per the formats should be submitted duly by the authorized person of the applicant entity, before 31st December 2017, 5:30 pm (IST).

For details and other information, one may click on Guidelines and Application form. For further details, the entrepreneurs and startup heads may write to concerned officials on sped.birac@nic.in and sped3.birac@nic.in