Milestone progress report and utilisation certificate, BIRAC grant
BIRAC funds biotech from idea to market, but every scheme tests the same thing first: at least 51% of the shares held by Indian citizens holding Indian passports . A startup with an OCI co-founder or a foreign fund above 49% fails at screening, however good the science, check the cap table before the proposal.
- 2 pages
- 74
- Word and PDF
- 16 September 2026
What it covers
- 1Milestone progress report and utilisation certificate, BIRAC grantoutline for BIG / SBIRI / BIPP releases; UC on GFR 2017 Form 12-A as adapted
Read the opening
The first part of the format, as it downloads. Blanks are highlighted.
Part A — Milestone progress report
To: The Managing Director, Biotechnology Industry Research Assistance Council, New Delhi [through BIG Partner: name]
Project: [title] BIRAC ref.: [BT/____] Scheme: [BIG / SBIRI / BIPP] Grantee: [Company name] Reporting period: [Start date of the reporting period] to [End date of the reporting period] Milestone no.: [Milestone number]
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