Centre for Cellular and Molecular Platforms (C-CAMP), an initiative of Dept of Biotechnology, Ministry of Science and Technology, Govt. of India, has launched a fund, in partnership with the Indian government’s Biotechnology Industry Research Assistance Council (BIRAC). The scheme – Sustainable Entrepreneurship and Enterprise Development (SEED) – will support 8-10 life sciences startups for its first batch with funding of anywhere between Rs. 5 to 30 lakhs.
It is aimed at providing capital assistance to startups with novel, innovative and disruptive technologies in all sectors of life sciences, including healthcare, medtech, agriculture, bio-energy, industrial products and processes, and nutraceuticals. The fund will enable these startups to graduate to a level where they will be able to raise private investments from angel investors and venture capitalist.
C-CAMP was established with the aim of enabling cutting-edge bio-science research and entrepreneurship. C-CAMP had also recently started a four month accelerator programme for life sciences startups that would focus on productisation, market validity, go-to market strategy and business model.
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