health

 

Incubation Program for Healthcare Startups


Advance your early-stage healthcare startups from the ideation stage to proof-of-concept stage.

Healthcare Startup Incubation at NSRCEL, provides a holistic ecosystem for entrepreneurial success from Idea to Go-to-Market through guidance, workshops, shared learning, funding, goalsetting among other interventions. This initiative will create a positive impact and catalyse growth bound to impact millions of lives in India and globally in the coming years.

Who is it for?


Hospitals

Medical devices

Pharmaceuticals

Outsourcing

Telemedicine

Remote Monitoring

Medical tourism

Health insurance

Medical equipment

Wearable Devices

AR/VR apps in healthcare

Robotics

Nanotechnology

Genome Sequencing

3D Printing

Eligibility Criteria


  • Should be in operation for less than 5 years
  • Should have received funding of less than ₹3.5Cr
  • Should not have more than 50 member team
  • Should be a health/wellness impact oriented company with or without technology
  • Should be incorporated in India

Program Highlights


Investor Connect
Chance To Showcase Ventures Periodically At Startup Events/Exhibitions

Training and Development
Curated online sessions on business model canvas, value proposition, branding, digital marketing, pitching and growth opportunities

Industry Connect
Masterclass From Sector And Industry Experts

Access to clinicians
Real-Time Assistance By Clinicians

Access to hospitals for clinical trials
For Prototype Testing and Clinical Trials

Access to Regulatory Experts
Facilitating Sessions To Keep The Entrepreneurs Updated With The Government Regulations In The Healthcare Space

Mentoring
Unparalleled Access To Our Extensive Mentor Network Including Alumni, Industry Experts And VCs

Opportunity to Pitch for Grant and Seed Funding
Select Startups Will Get Grant Money and Incubation Support From NSRCEL

Infrastructure
Access to product innovation labs, lab suites, bench space

Consultation
One-on-one Consultation Session With Regulatory, Legal, IP and Ethical Experts

Clinical Trial Services
Ranging From Trial Design Through All Aspects of Delivery

Application Process


  • Startups with ideas in healthcare can submit their application on www.nsrcel.org
  • Applicants will be shortlisted based on the viability of the idea and the proposed solution to the problem to be solved
  • Selected ventures will enter the 3-month pre-incubation program. These ventures will pitch to qualify for incubation
  • Shorlisted ventures will enter a 12-month Incubation program.

Clinical Experts


Dr. Prashanth Reddy

Surgeon of Strategy; Consultant for Healthcare Innovations, NSRCEL


Dr.Vishal Rao

Regional Director – Head Neck Surgical Oncology and robotic surgery at HealthCare Global (HCG)


Dr. Sanjay Sharma

Podiatric Surgeon, Serial Entrepreneur & Angel Investor


Dr.Sirish Nelvigi

Director – Nelivigi Eye Hospital; Senior consultant – Opthalmology at Sakra World Hospital


Dr. Aravind Ranganathan

CEO, breakthroughHealt


Product and Policy Experts


Dr Jitendra Kumar

Managing Director, Bangalore Bioinnovation Centre (BBC)


T K Srikanth

Professor and Convenor, E-Health Research Center – IIITB


Dr. C S Kedar

Retired Additional Chief Secretary and Director General, ESI Corporation; Ex-IAS official

Ramanathan V

Healthcare startup Mentor


Unmesh Kulkarni

Founder Member of Oceanic Circles


Strategic Advisors


Dr. BS Ajai Kumar

Chairman & CEO at HealthCare Global Enterprises Ltd.


Dr Julius Punnen

Senior Consultant at Narayana Health


Dr. N K Venkataramana

Founder Chairman and Chief Neurosurgeon, BRAINS


FAQ


Before the Program

Early-stage startups who fulfill the eligibility criteria listed above.
Yes. We accept applications from solo founders.
Each applicant must apply with a single idea.
Sure, but to improve your chances of selection do highlight any additional information of your progress since your previous application with specifics on how your idea can be applied to the healthcare sector.
Applications are currently open. The last date to apply for Healthcare Incubation is 15th Feb 2021.
Early-stage startups that demonstrate the potential to innovate, implement and create impact in the innovation areas listed in ‘Who is it for?’ section.
Founders are required to be committed to their idea full-time and must demonstrate the ability and entrepreneurial mindset to build and grow an organisation. While we love to work with startups with existing traction and customers, it is not a prerequisite for acceptance into the program.
After reviewing your application, promising candidates will be invited for an online interview. During this time you will be asked to pitch to the panel from NSRCEL, so we can better understand the solution you have to offer and what you are seeking from the Healthcare Startup Incubation.

During the Program

It is free of cost. The program is fully sponsored by NSRCEL with support from AIM & Meity.
All the activities related to Pre-incubation & Incubation will be conducted online
We recommend that at least one of the founders attend the sessions and activities organised as part of pre-incubation and Incubation, to benefit from the sessions and workshops designed specifically for the program.
Pre-incubation is for a period of 3 months and Incubation is for a period of 12 months.
Startups selected for the 3 month program will get invites to attend virtual workshops, one-on-one mentoring sessions, masterclasses designed for healthcare startups, peer-peer learning activities and other networking sessions with our network of advisors and community of founders.
Pre-incubation will help us understand your venture better in terms of your business model, your strengths, challenges, and areas where support is required while you experience the NSRCEL’s way of engagement. Mentoring Interactions, workshops, sessions and events from NSRCEL and our ecosystem partners can help to take your startup to the next level by building more clarity and being customer-focused.
The pre-incubation period will commence in the month of March. We will update you with the calendar shortly.
2 members including the founder can attend the program.

After the Program

During pre-incubation period NSRCEL does not take any equity from the ventures.
At the end of the three months, you will have the opportunity to pitch to our panel for being incubated and for funding support. Selected ventures will be incubated at NSRCEL for the next 12 months.
There is no funding support given to any startups during pre-incubation. Shortlisted ventures will enter a 12-month incubation program.

Hospital Network


Ecosystem Partners


For more details contact

nsrcel.healthcare@iimb.ac.in