The Small Business Innovation Research Initiative (SBIRI) scheme was launched in 2005 to boost public-private-partnership (PPP) efforts in the country. It was a first of its kind innovation focused PPP initiative in the area of biotechnology. The scheme of the Department of Biotechnology under the Ministry of Science and Technology has worked as an enabling platform for target organizations to realize their potential with regard to product and process development.
Aim of SBIRI scheme
The Small Business Innovation Research Initiative (SBIRI) scheme aims to achieve the listed below points:
- Stimulate technological innovation.
- Strengthen those existing private industrial units whose product development is based on in-house innovative Research and Development (R&D).
- Create opportunities for starting new technology-based/knowledge-based businesses by science entrepreneurs.
- Encourage other smaller businesses to increase their Research and Development (R&D) capabilities and capacity.
Objectives of SBIRI scheme
The objectives of the SBIRI scheme are listed below:
- Nurture and mentor innovative and emerging technologies or entrepreneurs to assist new enterprises to forge appropriate linkages with academia and the government.
- Provide support for early stage, pre-proof-of concept research in biotechnology by industry.
- Support new indigenous technologies particularly those related to societal needs in sectors like healthcare, food and nutrition, and agriculture among others.
Who are eligible to apply?
The proposals can be submitted by:
- A Limited Liability Partnership (LLP) incorporated under the Limited Liability Partnership Act, 2008
- A company incorporated under the Companies Act, 2013.
- Joint ventures either in the form of Company/LLP by any of the above entities jointly with other private or public partner(s).
SBIRI Scheme Eligibility Criteria for Industry
For industries, the eligibility criteria are listed below:
- 51% of the shares of the company should be held by Indian citizens holding an Indian passport.
- Participating Companies should have adequate in-house facility to address the project implementation aspects or incubate with any of the recognized incubation facility.
- Half of the persons who subscribed their names to the LLP document as its partners should be Indian citizens.
SBIRI Scheme Eligibility Criteria for Academic Collaborator
For academic collaborator, the eligibility criteria are as follows:
- Should be a not-for-profit private research labs/society/foundation.
- Should be a national research laboratory.
- Should be a public/private college or university in India.
Required documents for SBIRI Scheme
The documents which needs to be submitted are listed below:
- Copy of the Board Resolution
- Copy of No lien Account letter
- Project Completion Report
- Copy of the Letter of Authorization
- CA or CS certificate of Shareholding
- Copy of the Grant-in-Aid letter agreement