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

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.