SEED funding call for Pharma & Life Sciences Entrepreneur

One of the oldest Universities in India, the Panjab University (PU) initiated at Lahore in 1882, has a long tradition of pursuing excellence in teaching and research in science and technology, humanities, social sciences, performing arts and sports. The University supports excellence and innovation in academic programmes, promotes excellence in research, scholarship and teaching. [Panjab University] The University is committed to attract and support the best students and faculty, who excel at teaching and research. In independent India, Panjab University with its Campus at Chandigarh and nearly 202 affiliated colleges in Punjab state and Chandigarh U.T., has served various societal needs with distinction. The glorious traditions of the University established during the period of more than 140 years of its long service to the nation since its inception are a source of inspiration for the present generation of faculty members and students.

Sustainable Entrepreneurship And Enterprise Development Fund (SEED Fund) Supported by Biotechnology Industry Research Assistance Council (BIRAC) (A Government of India Enterprise)

Scope
• The scheme supports high level innovation in Life Sciences and related areas and is not meant for basic research projects.
• Supports post proof‐of‐principle/ prototype/ process optimization/ product validation aimed at affordable product/ process development addressing societal needs.
• Equity investment up to INR 30 lakhs for a maximum period of 2 years with incubation support from BN-PU

Who Can Apply?
Registered Start ups with minimum 51% ownership by Indian citizens (does not include OCI or PIO) and under BIRAC SEED Fund, a company will be considered as start up,
• Up to 5 years from the date of its incorporation
• It is working towards innovation development, deployment or commercialization of new products, processes or services driven by technology or intellectual property.
• If its turnover for any of the financial years has not exceeded Rs 25 Cr.

Financial assistance
Maximum of Rs. 30 lakhs (Investment mode: Equity ownership in a registered company with Equity stake for seed fund: Up to 10%)

How to Apply
Submit your proposals (in the prescribed format ONLY) at bionestpu@pu.ac.in

The selection protocol, operation of the selected start-up and other policies related to the functioning and monitoring of the SEED supported startups shall be governed according to the policies of funding agency i.e., BIRAC and may evolve over a period.