health

 

Incubation Program for Healthcare Startups


NSRCEL is partnered with other healthcare incubators to launch a 15 month program mainly targeted towards startups in ideation to proof of concept stage.

These startups can then glide through to the Go-to-Market stage and work on scaling up through guidance, workshops, shared learning, funding, goalsetting through launch of POCs and extensive business growth opportunities.

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

Industry Connect

Access to clinicians

Access to hospitals for clinical trials

Access to Regulatory Experts

Mentoring

Opportunity to Pitch for Grant and Seed Funding

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
  • Shortlisted ventures will enter a 6-month or 12-month(??) incubation program.

Key Mentors


Noritaka Wakuda

Innovator and Marketer
at Maruti Suzuki


Dr. S. Rajagopalan

Founder Director,
IIITB Innovations Centre


Pradeep Varadaraja Banavara

Entrepreneur In Residence(NSRCEL)
Previously Product Head-Grab


Pradeep Varadaraja Banavara

Entrepreneur In Residence(NSRCEL)
Previously Product Head-Grab


FAQ


Before the Program

Early-stage startups who have << healthcare startup criteria >> and 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 Dec 2020.
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 6 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 last week of January. 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 6 months.
There is no funding support given to any startups during pre-incubation. Shortlisted ventures will enter a 6-month incubation program.

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For more details contact

nsrcel@iimb.ac.in