FITT IIT Delhi – BIRAC LEAP Fund for Biotech & MedTech Startups
Up to ₹70L equity funding for biotech & medtech startups
- Funding amount
- ₹70L (equity)
- Funding type
- Equity
- Provider
- FITT, IIT Delhi (Academic)
- Application deadline
- Closed (20 Apr 2026)
- Eligible stage
- Any stage
- Location
- Open to startups registered in India
Overview
The LEAP Fund is a flagship equity-linked investment program backed by BIRAC and run through the Foundation for Innovation and Technology Transfer (FITT) at IIT Delhi. It supports high-potential biotech and healthcare startups that have moved past early-stage validation and are preparing for pilot deployment or early commercialization. The fund targets novel, IP-driven solutions addressing critical unmet needs in healthcare and life sciences, providing up to ₹70 lakh in equity funding. This capital serves as a bridge between proof-of-concept and market entry, helping startups refine products, conduct validation studies, navigate regulatory paths, and shorten time to market. Beyond funding, selected startups access IIT Delhi's innovation ecosystem, including co-working spaces, advanced labs, and mentorship from academicians, clinicians, and industry experts. Guidance on regulatory compliance, clinical validation, IP strategy, and business model development is also available, all of which are crucial for healthcare ventures.
Highlights
- Biotech/medtech Pvt Ltd startups at product or revenue stage are targeted
- Backed by BIRAC and administered through FITT, IIT Delhi
- Up to ₹70L equity funding for novel, IP-driven solutions
- Access to IIT Delhi labs, co-working spaces, and expert mentorship
- Not available to businesses that are purely service- or IT-based
Who can apply
Only biotech-focused Private Limited Companies with a novel, IP-driven product may apply. Sectors include biotechnology, healthcare, diagnostics, biopharma, bioprinting, personalized medicine, or tissue engineering. Service-based or pure IT businesses are not eligible. More than 51% of the company's shareholding must be held by resident Indian individuals. Prior recipients of LEAP funding from any incubator are disqualified.
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.
- Eligible stage
- Any stage
- Location
- Open to startups registered in India
Deadline & timing
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.
What the funding covers
- Equity-linked investment of up to ₹70 lakh
- Access to IIT Delhi's innovation ecosystem, including co-working spaces and advanced laboratory infrastructure
- Mentorship from experienced academicians, clinicians, and industry experts
- Guidance on regulatory compliance, clinical validation, intellectual property strategy, and business model development
- Support with product refinement, validation studies, and commercialization acceleration
About the provider
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.
How to apply
Applications are submitted on the official portal. Confirm the current deadline and document checklist there before you start.
Selection process
Applications are submitted through FITT's online portal. The process includes: initial screening to verify eligibility and innovation relevance; detailed evaluation of technology, IP strength, market potential, and commercialization readiness; assessment of the founding team's technical and business capabilities; shortlisted applicants may be invited to present via a pitch or demo session; final selection based on overall viability and strategic fit; followed by an equity-linked funding offer and optional onboarding into FITT incubation programs.
Documents you’ll need
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.
Who this is best for
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.
Frequently asked questions
How much funding is offered?
Up to ₹70 lakh in equity-linked investment.
What is the application deadline?
The deadline is 20 April 2026.
Who is eligible to apply?
Private Limited Companies in biotech, healthcare, diagnostics, biopharma, bioprinting, personalized medicine, or tissue engineering that have a novel, IP-driven product and are past early-stage validation.
Are service-based or pure IT startups eligible?
No, service-based or pure IT businesses are not eligible. The program requires novel product development with IP.
Does the program take equity?
Yes, the funding is equity-linked, meaning the program takes a stake in your startup.
Is DPIIT or MSME registration required?
The provided information does not specify a requirement for DPIIT or MSME registration.
What documents are typically needed?
The application process involves an initial screening, detailed evaluation of technology and IP, assessment of market potential and team capabilities, and possibly a pitch/demo. Specific documents are not listed but likely include business plans, tech descriptions, and incorporation papers.
How do I apply?
Submit your application through FITT’s official online portal at https://accubate.fitt-iitd.in/ext/form/23438/1/apply.
Can a startup that previously received LEAP funding from another incubator apply?
No, startups that have already received LEAP funding from any incubator are not eligible.
What kind of mentorship does the program provide?
Selected startups receive mentorship from academicians, clinicians, and industry experts, covering areas such as regulatory compliance, clinical validation, IP strategy, and business model development.
Who offers FITT IIT Delhi – BIRAC LEAP Fund for Biotech & MedTech Startups?
FITT IIT Delhi – BIRAC LEAP Fund for Biotech & MedTech Startups is offered by FITT, IIT Delhi, an academic institution. It is provided as an investment.
More funding from FITT, IIT Delhi
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