Small Business Innovation Research Initiative (SBIRI)
The Ministry of Science & Technology along with the Department of Biotechnology in 2005 launched the Small Business Innovation Research Initiative (SBIRI) to boost Public-Private- Partnership (PPP) efforts in the country. It was the first of its kind, as an innovation focused PPP initiative in the area of Biotechnology.
Launching of SBIRI has worked as an enabling platform for the target organizations to realize their potential in terms of product and process development and taking them to the market. It has facilitated innovation, risk taking by small and medium companies and bringing together the private industry, public institutions and the government under one roof to promote the research and innovation in the Indian Biotechnology Sector.
Aims and objectives
The SBIRI aims to:
- Encourage other smaller businesses to increase their R&D capabilities and capacity
- Create opportunities for starting new technology-based or knowledge-based businesses by science entrepreneurs
- Strengthen those existing private industrial units whose product development is based on in-house innovative R&D
- Stimulate technological innovation
- To provide support for early stage, pre-proof-of-concept research in biotechnology by industry,
- to support new indigenous technologies particularly those related to societal needs in the healthcare, food and nutrition, agriculture and other sectors,
- to nurture and mentor innovative and emerging technologies/entrepreneurs, to assist new enterprises to forge appropriate linkages with academia and government
Who can apply?
The proposals can be submitted:
- Solely by a Company incorporated under the Companies Act, 2013 or
- Limited Liability Partnership (LLP) incorporated under the Limited Liability Partnership Act, 2008 or
- Joint Ventures either in the form of Company/ LLP by any of the above entities jointly with other private or public partner(s) (Universities or Institutes).
