FITT IIT Delhi – BIRAC LEAP Fund for Biotech & MedTech Startups

The LEAP Fund is a key funding initiative, jointly supported by the Biotechnology Industry Research Assistance Council (BIRAC) and managed by the Foundation for Innovation and Technology Transfer (FITT) at IIT Delhi. This program is specifically designed to empower high-potential startups within the biotechnology and healthcare sectors. It targets ventures that have successfully moved beyond initial validation and are now ready for pilot deployment or are on the verge of early commercialization. The fund places a strong emphasis on startups developing innovative, intellectual property-driven solutions that address critical, unmet needs in healthcare and life sciences.

This initiative provides an equity-linked investment of up to ₹70 lakh, serving as a vital financial bridge from the proof-of-concept stage to market entry. The capital is intended to help startups refine their products, conduct necessary validation studies, navigate complex regulatory pathways, and accelerate their commercialization timelines. The equity-linked structure ensures that the funding aligns with the startup's long-term growth trajectory, differing from non-dilutive grants.

Beyond financial backing, selected startups gain privileged access to IIT Delhi's extensive innovation ecosystem. This includes modern co-working spaces and advanced laboratory infrastructure. They also benefit from mentorship provided by experienced academicians, clinicians, and industry experts. Furthermore, startups receive crucial guidance on regulatory compliance, clinical validation processes, intellectual property strategy development, and robust business model creation, all essential components for success in the demanding healthcare venture landscape.

• Equity funding of up to ₹70 lakh.
• Focused on biotechnology and medtech startups.
• Supports Pvt Ltd companies at product or revenue stage.
• Backed by BIRAC and administered by FITT, IIT Delhi.
• Application deadline: April 20, 2026.
• Access to IIT Delhi's innovation ecosystem and expert mentorship.

The LEAP Fund targets Private Limited (Pvt Ltd) startups operating in the biotechnology and medtech sectors.

Applicants should be beyond the early-stage validation phase, specifically at the product or revenue stage, and actively preparing for pilot deployment or early commercialization. The program seeks startups developing innovative, IP-driven solutions that address significant unmet needs within healthcare and life sciences.

FITT IIT Delhi – BIRAC LEAP Fund for Biotech & MedTech Startups is open to startups at any stage. It is open to startups registered anywhere in India.

The most recent application window for FITT IIT Delhi – BIRAC LEAP Fund for Biotech & MedTech Startups closed on 20 Apr 2026. Many programmes run repeat cohorts, so it is worth checking the official site for the next round.

Recipients of the LEAP Fund receive an equity-linked investment of up to ₹70 lakh. This capital is strategically provided to enable startups to:

• Refine their products and technologies.
• Conduct essential validation studies.
• Navigate complex regulatory approval processes.
• Accelerate their overall commercialization timelines.

In addition to financial support, the program offers significant non-monetary benefits:

• Access to co-working spaces and advanced laboratory infrastructure within IIT Delhi's innovation ecosystem.
• Mentorship from a network of experienced academicians, clinicians, and industry experts.
• Comprehensive guidance on critical aspects such as regulatory compliance, clinical validation, intellectual property strategy, and business model development.

FITT IIT Delhi – BIRAC LEAP Fund for Biotech & MedTech Startups is offered by FITT, IIT Delhi, an academic institution. It is delivered directly by FITT, IIT Delhi as a equity. You can verify current details and timelines on the provider's official website before applying.

The selection process for the FITT IIT Delhi – BIRAC LEAP Fund involves several key stages, beginning with the initial application.

Applicants are required to submit their proposals through FITT's official online portal. Following submission, an initial screening is conducted to verify the startup's eligibility criteria and assess the relevance and innovative nature of their proposed solution.

Subsequently, a detailed evaluation takes place. This phase rigorously assesses the startup's core technology, the strength of its intellectual property, its potential in the target market, and its readiness for commercialization. The capabilities of the founding team are also thoroughly reviewed, focusing on their technical expertise and business acumen.

Shortlisted applicants are then invited to present their solutions, typically through a pitch or a demonstration session. The final selection is based on an overall assessment of the startup's viability and its strategic alignment with the fund's objectives. Successful startups receive an equity-linked funding offer and are given the option to onboard into FITT's incubation programs.

Before you apply to FITT IIT Delhi – BIRAC LEAP Fund for Biotech & MedTech Startups, keep the following documents ready:

• A pitch deck or short business plan describing the problem, product and traction
• Company registration documents and PAN
• Founder identification (PAN / Aadhaar) and brief profiles
• Recent financial statements or projections
• Product details — a demo, prototype or working link if available

Exact requirements are confirmed on the official application portal — treat this as a preparation checklist.

FITT IIT Delhi – BIRAC LEAP Fund for Biotech & MedTech Startups is best suited for startups in India seeking an equity investment of ₹70L. If that describes your startup, review the eligibility criteria above before applying.