LEAP Fund by FITT – IIT Delhi And BIRAC
Offered By - BIRAC - Biotechnology Industry Research Assistance Council, IIT Delhi
About the Program
The LEAP Fund (Launching Entrepreneurial Driven Affordable Products Fund) is an equity-linked investment initiative supported by the Biotechnology Industry Research Assistance Council (BIRAC) and implemented through FITT (Foundation for Innovation and Technology Transfer, IIT Delhi).
The program is designed to support startups in the biotechnology and healthcare domains that are developing innovative, product-oriented solutions with strong commercialization potential. The fund specifically aims to bridge the critical gap between early-stage innovation and market readiness by accelerating product development, piloting, and commercialization.
Unlike traditional grant-based programs, LEAP operates as an equity-linked investment, indicating a stronger focus on scalable, revenue-generating ventures rather than pure research projects. The funding is positioned as a catalyst to reduce the time required for startups to move from prototype to commercialization, particularly in complex sectors like biotech where gestation cycles are typically long.
In addition to capital, the program integrates startups into a structured ecosystem that includes incubation, lab infrastructure, regulatory support, and investor access. This makes it relevant for startups that are transitioning from R&D-heavy stages toward market deployment and require both technical and business scaling support.
The initiative aligns with BIRAC’s broader mandate of supporting high-impact biotechnology innovations in India through funding, incubation, and commercialization pathways
Sectors Supported:
- Healthcare
- Biotechnology
- Bioprinting
- Diagnostics
- Personalized Medicine
- Tissue Engineering
- Biopharma
- Pharma
Funding & Benefits
This program offers a combination of financial support, mentorship, and ecosystem access to help startups grow and scale their solutions effectively.
Co Working Space
Corporate Partnerships
Equity Investment
Funding
Investor Connect
Lab Access
Legal Support
Mentorship
Beyond funding, programs like this provide credibility, exposure, and strategic support that can significantly accelerate a startup’s growth journey.
Who Can Apply / Eligibility
- Startup stage: Product development to early commercialization stage
- Sector focus: Healthcare, Biotechnology, Bioprinting, Diagnostics, Personalized Medicine, Tissue Engineering, Biopharma, Pharma
- Company structure: Must be a registered Private Limited Company
- Shareholding: Minimum 51% held by resident Indian individuals
- Prior funding restriction: Startups that have already received LEAP funding from other incubators are not eligible
Selection Process
- Evaluation of innovation and product orientation
- Assessment of IP potential and uniqueness
- Review of market need and commercial viability
- Evaluation of team’s technical and business understanding
- Assessment of business model, revenue clarity, and growth potential
How to Apply
- Access the official application platform (Accubate)
- Fill in startup, product, and team details
- Submit required information and documentation
- Complete application before the deadline
Frequently Asked Questions
- Startup stage: Product development to early commercialization stage
- Sector focus: Healthcare, Biotechnology, Bioprinting, Diagnostics, Personalized Medicine, Tissue Engineering, Biopharma, Pharma
- Company structure: Must be a registered Private Limited Company
- Shareholding: Minimum 51% held by resident Indian individuals
- Prior funding restriction: Startups that have already received LEAP funding from other incubators are not eligible