BIG Process Flow Annexure A 1 Call for
BIG Process Flow Annexure A 1
Call for Proposals Opens 1 Jan 1 July Call for Proposals Closes ~ 14 Feb ~14 August BIG Partners assigned proposals to review Preliminary screening by BIG Partner requests reviewers to evaluate • • • Basic eligibility Topics relevant to biotech/biomed POC project for tech vs. basic research Proposal not eligible Application process Slide 1 of 4
• • Receipt of reviewers comments Proposal recommended to BIRAC 2 pos/ 2; 2 pos/3 Proposal not eligible 2 neg/ 2 2 neg/ 3 • • 1 April BIRAC screening Proposal not eligible BIRAC shortlists applicants for presentation to TEP in Delhi • 1 Sept • • • Novelty or unmet need Technical feasibility of idea; doability; any prelim indication that it might work Can the team deliver? Technical capability. Project mgmt experience Potential to create IP or existing IP; Estimate of FTO based on reviewer’s experience. Can the project achieve impt goals in 18 months and Rs 50 lakhs? Are budget and timelines realistic? Does the topic fit within scope of BIG? Does BIRAC concur with reviewer’s comments? Some prior art search is reqd? Application process Slide 2 of 4
• • Presentation in Delhi to TEP. Decision by ESC Novelty or unmet need Technical feasibility of idea Technical credibility of PI Proposal budget/timelines realistic ~ 15 May ~ 15 Oct In principle approval decision by ESC ~ 1 June ~1 Nov Due diligence by BIG Partner; site visit; detailed discussion ~ 1 July ~1 Dec BIG Partner provides due diligence report to BIRAC Proposal not selected Proposal not eligible • • • Company legal and financial documents Project milestones/budgets; quotes Commitment of incubator Adequacy of facility available Tech transfer agreement; scientific support contracts Delays possible here if applicant needs time to produce documents Application process Slide 3 of 4
• BIRAC does final review BIRAC okays final terms and signing of agreement by BIG Partner All scheme requirements met Proposal not selected ~ 1 Aug ~ 1 Jan ~ 1 Sept ~1 Mar Agreement signed between Grantee and BIG Partner First installment released by BIG Partner. BIG Project can begin. Application process Slide 4 of 4
Project Review and Monitoring
First installment Milestone “N” (Targets met!) + Utilization certificate Next installment released Final Milestone (Targets met!) + Utilization certificate Last installment (~5%) (after end of project) BIG Partner • All capex projected was purchased; set-up and working; logs maintained; insurance taken; AMC • Sufficient staff engaged formally in project; all hiring against formal contracts • Proper accounts maintained • Project mgmt and business mentoring if asked/required Project Reviewing Committee • Whether milestones met? • Consider requests for moving timelines or milestone targets? • Provide inputs to BIRAC on changes requiring BIRAC decisions. Ex – any budget changes. • Technical mentoring Monitoring Phase Slide 1 of 1
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