BIRAC–RDI Fund – Research, Development and Innovation Fund
Delta Change Challenge for Biotech Innovation – Biotechnology Industry Research Assistance Council (BIRAC), under Department of Biotechnology (DBT)
Important Dates
Important Notes
Co-funding is mandatory: Have a clear, documented strategy for how you will secure the remaining 50% of the project capital, as disbursements are linked to co-funding commitments.
Highlight National Impact: Explicitly emphasize how your product reduces import dependency and contributes to India's indigenous supply-chain resilience.
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Accelerate Your Deep-Tech Innovation with the BIRAC-RDI Fund
The BIRAC–RDI Fund is a transformative ₹2,000 Crore financing window under the Government of India’s ₹1 Lakh Crore RDI initiative. Designed to catalyze high-impact deep-tech innovation, this fund provides a massive boost to indigenous manufacturing in biotechnology and related sectors.
What This Grant Offers
This initiative offers patient capital and risk-mitigating support through a co-investment model.
Funding Size: Ranging from ₹5 Crore up to ₹200 Crore.
Co-Investment: Funding support extends up to 50% of the assessed project cost to crowd in private capital and reduce technological risk.
Funding Instruments: Delivered through equity, convertible instruments, and long-term debt.
Purpose and Strategic Impact
Anchored in the vision of Viksit Bharat 2047, the BIRAC-RDI Fund focuses on enabling “delta-change” innovations rather than incremental improvements. It prioritizes:
Reprogramming Biology: AI-engineered designer enzymes and extreme-condition stable proteins.
Foundational Bio-Platforms: Architectures enabling multiple IP families and global standard-setting.
Supply-Chain Resilience: Advanced manufacturing that breaks the import dependency trap (e.g., reagents, viral vectors, complex media).
Key Benefits for Applicants:
Unprecedented Capital Access: Bridges the critical gap between laboratory research and commercial-scale manufacturing.
Long-Term Growth Partner: Built to support long-gestation, high-risk research requiring patient capital.
National Recognition: Establishes your entity as a key driver of India’s $300 billion bioeconomy target by 2030.
If your deep-tech project is ready for scale-up, clinical validation, or industrial manufacturing, the BIRAC-RDI Fund is your ultimate growth catalyst.
Additional Information
Geographic Operations: Must have the principal place of business/operations in India and a registered global headquarters in India.
Ownership & Control: The entity must be ultimately owned and under the control of resident Indian citizens as defined in the DPIIT Consolidated FDI Policy.
Technology Readiness: Projects must be at Technology Readiness Level (TRL) 4 and above (validated proof-of-concept ready for scale-up).
Sector Focus: Engaged in ROI-intensive technologies in biopharma, bio-industrial manufacturing, bioenergy, AI-ML in biotech, or climate solutions aligned with national priorities.
Financial Requirement: Financing under this fund shall not exceed 50% of the total assessed project cost. The applicant must arrange the remaining ≥50% from their own or commercial resources.
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