Pfizer INDovation Program Boosts Six Healthcare Start-ups with a Rs 25 Lakh grant each and Holistic Incubation Support
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The NIPER-A edition of Pfizer’s flagship INDovation program announced its 6 winners on 11th Novemeber 2024 in New Delhi. Pfizer limited, in collaboration with NIPER-Ahmedabad, the Department of Pharmaceuticals, NITI Aayog and Social Alpha launched the INDovation program on February 2024, which is one of the largest such programs, both by grant value and partnerships. The program focused on incubating and commercializing healthcare start-ups in the country. The project received applications from around 200 start-ups across the country.
According to census report of 2011, 70% of Indian population lives in rural areas where even the basic medical facilities are lacking. Hence the aim of this project was to help medtech start-ups across the country to focus on timely screening of diseases and coming up with cost effective diagnostic tools.
The shortlisting criteria to decide the final six included the potential impact of the product/solution, level of technological innovation, uniqueness of the value proposition, competitive advantage, financial and operational scalability, and clarity on the future roadmap.
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