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BIRAC Fund of Funds, AcE (Accelerating Entrepreneurs)

Offered by BIRAC

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Overview

BIRAC invests as a limited partner into SEBI-registered Alternative Investment Funds (AcE daughter funds), which in turn invest directly in biotech startups. BIRAC commits up to Rs 30 crore or up to 30% of a daughter fund's corpus, with partner funds required to commit roughly twice that amount, pulling in private VC alongside public capital. For founders, this identifies which VC funds carry government-backed capital earmarked for biotech; as of August 2025 the program had backed 102 startups with Rs 1,560 crore in actual investment across 16 daughter funds.

Eligibility

  • Biotech, healthtech, medtech, pharma, agritech, or bio-IT venture
  • Seeking an equity round from one of the listed AcE daughter-fund partners (e.g. Indian Angel Network, Gujarat Venture Finance Ltd, Ankur Capital)
  • Startups do not apply to BIRAC directly

Funding Purpose

Equity investment via partner AIFs, reportedly up to around Rs 7 crore per startup depending on the daughter fund.

Application Process

Startups approach one of the listed AcE Fund Partners directly for an equity round; fund managers seeking to become an AcE partner apply to BIRAC under its published guidelines.

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How to Apply

  1. 1Click "Apply Now" above and submit your application directly on the official page.
  2. 2The offering organisation screens applications against its own eligibility criteria.
  3. 3Shortlisted applicants may be invited to a pitch or interview round.
  4. 4The final decision rests solely with the offering organisation.
  5. 5There is no guarantee of funding at any stage.

Before You Apply

  • ZeedFund is an independent tracker, not the offering organisation or a funding body.
  • Verify current eligibility, funding amount, and deadline on the official page before applying. Details can change after we last verified them.
  • Once you apply, all follow-up (screening updates, interview or pitch invites, and the final decision) comes directly from the facilitator, incubator, or investor, never from ZeedFund. Check their application portal or email yourself for status updates; we won't have visibility into it.