Tag Archive for: Seed fund for biotech startups

IIT Guwahati BioNEST

Early-stage startups in biotechnology, diagnostics, industrial biotechnology, and biomaterials face unique challenges: validating proof-of-concept, navigating regulatory requirements, accessing labs and diagnostic tools, and entering the market. For innovators in Northeast India and beyond, the IIT Guwahati TIDF BioNEST incubator provides a robust launchpad.

BioNEST at IIT Guwahati is a government-supported incubation center under BIRAC (Biotechnology Industry Research Assistance Council). It offers a holistic ecosystem: lab infrastructure, mentorship, business support, seed funding, and regulatory guidance. This guide explains how to apply for seed fund incubation at IITG BioNEST, including eligibility, process, funding options, and tips to strengthen your application.

What is IIT Guwahati TIDF BioNEST?

Bio-Incubation Centre

BioNEST is located on the IIT Guwahati campus under the Technology Innovation & Development Foundation (TIDF) umbrella, providing startups with state-of-the-art labs, instrumentation, and support facilities.

Supported by BIRAC

BIRAC, under the Government of India, supports BioNEST to foster biotech innovation and entrepreneurship.

Sector Focus

BioNEST primarily incubates startups in:

  • Healthcare diagnostics

  • Biomaterials & industrial biotechnology

  • Frugal diagnostics & agritech

  • Traditional & modern biomaterials

Ecosystem Support

  • Lab access: instrumentation, fabrication, testing, and characterization

  • Mentorship: IITG faculty, doctors, engineers, and entrepreneurs

  • Regulatory & IP guidance

  • Market access & certification support

Capacity & Impact

BioNEST currently supports 60+ incubatees, has graduated multiple startups, filed patents, commercialized technologies, and enabled startups to raise significant funds.


Seed Fund & Funding Programs

StartUp India Seed Fund

  • Up to ₹50 lakh (grant or investment) for biotech/deep-tech startups

  • Supports prototype development, proof-of-concept, and commercialization

NEC Ignite Grant

  • For startups registered in Northeastern states

  • Grant up to ₹10 lakh for prototype validation and early-stage development

Other Schemes

  • DST-NIDHI Seed Support System

  • SPARSH by BIRAC (agri-sector/social innovators)

  • HDFC Parivartan (clean energy & deep-tech startups)

Eligibility Criteria

Incorporation & Legal Status

  • Registered Company or LLP in India

  • Preferably DPIIT Startup India recognized

Sector & Innovation Orientation

  • Biotechnology, healthcare, diagnostics, industrial biotech, biomaterials, agritech

  • Innovative solution with proof-of-concept or prototype

Geographic Preference

  • Emphasis on startups from Northeastern states (required for NEC Ignite)

Ownership & Control

  • At least 51% Indian promoter ownership

Stage of Development

  • Early-stage startups: ideation, validation, prototype, or MVP stage

  • Focused on commercialization, not just academic research

Commitment & Regulatory Readiness

  • Commitment to physical incubation and active engagement

  • Prior lab work, trials, or regulatory/IP readiness strengthens the application

Application Process

Step 1: Explore BioNEST Website & Schemes

  • Check available funding schemes, eligibility, and dashboards at bionestiitg.in

Step 2: Prepare Proposal / Letter of Intent (LOI)

  • Describe technology/product, problem, and solution

  • Indicate faculty engagement for mentoring or technical support

  • Share prototype status or proof-of-concept

Step 3: Submit Application / Registration

  • Complete online form with startup overview, team, business model, funding requirement, and milestones

Step 4: Screening & Evaluation

  • Alignment with BioNEST goals, innovation potential, team strength, feasibility

  • Reviewed by Dean of Incubation / Board of Directors / IITG faculty

Step 5: Pitch / Presentation

  • Shortlisted startups present to selection committee

  • Walk through product, prototype, financials, regulatory, and commercialization plan

Step 6: Incubation Agreement / MoU

  • Terms: duration, lab access, fees (if any), IP rights, graduation criteria

Step 7: Seed Fund Disbursement

  • Phased funding tied to milestones: prototype completion, validation, regulatory approvals

Step 8: Support & Monitoring

  • Mentorship, lab support, regulatory/IP guidance, market access

  • Periodic reviews, audits, and reporting

Step 9: Graduation / Exit

  • After milestones are met or commercial launch

  • Exit may involve royalty or graduation fee, depending on agreement

Infrastructure, Support & Facilities

  • Affordable office and lab space with conference rooms

  • Access to Centre for Nanotechnology (CFN) labs at IITG

  • Mentorship from doctors, scientists, engineers, and entrepreneurs

  • Regulatory compliance, IP filing, technology transfer support

  • Networking with investors, VCs, angel funds, and grant agencies

Tips for a Strong Application

  • Clearly define problem, solution, and impact

  • Show a prototype or proof-of-concept, even partial

  • Highlight team expertise: biology, engineering, regulatory, commercialization

  • Demonstrate awareness of regulatory and IP requirements

  • Set realistic milestones & fund utilization plan

  • Show market understanding: users, scalability, competition

  • Align your proposal with the specific scheme (NEC Ignite, StartUp India Seed Fund)

Conclusion

The IIT Guwahati TIDF BioNEST incubator is a launchpad for biotech startups, especially in Northeast India. With strong teams, innovation, proof-of-concept, and commercialization planning, startups can leverage mentorship, lab access, funding, and networking. Prepare your idea, submit your application, and step into a structured ecosystem to transform your biotech innovation into commercial success.