Overview

Pfizer, Social Alpha, and IIT-D launched the INDovation Program to support breakthrough healthcare innovations by start-ups in India. The program aims to equip healthcare systems for a post Covid19 world. The two-year initiative is for a cohort of 6 start-ups to accelerate their commercialisation journey through grant support for product development, clinical validation, regulatory pathway, market access, and industrial collaborations. The program has two tracks – focused on Digital Health and on Oncology.

FOCUS AREAS

Digital Health
Oncology
The number of cancer cases are increasing, and about 87% of these patients seek medical attention in advanced stages of the disease. This contributes to India's remarkably high mortality-incidence ratio (0.68). Other factors that contribute to poor cancer outcomes in India include limited health system infrastructure, scarcity of oncology specialists, and patients' inability to afford cancer treatment. The World Health Organisation’s report on cancer (2020) also identifies the key deficits in care system. The program will curate innovations building solutions for:

  • Preventing ‘Missed diagnoses’ of cases by creating access to cancer screening at last-mile healthcare units
  • Solutions for ‘Smart Oncology Practice’ and Building capacity for effective interventions and high-quality care for all, and eliminating inequalities
  • Solutions for Coordinated Cancer Management

Program Offerings

Grant Support: Grant of up to INR 65 Lakh for product validation, pilot testing and market access
Venture Acceleration: 24-months engagement for curated technical and business advisory
Clinical Validation: Planning for clinical validation, trials and real-world evidence studies, access to testbeds
Regulatory Support: Guidance on product certification, regulatory approvals, patents, and standards
Product Development Support: Advisory support for Design for Manufacturing, Product development - Android, Cloud, UI/UX
Market Access and Scale-up Support: Facilitation of introduction to national public/private healthcare systems through partner stakeholders
Marketing and Branding: Support for digital and print media coverage, and showcasing opportunities
Business Advisory Workshops: Workshops with experts, specialists, and sector leaders for developing the product market fit and go-to-market strategy
Access to Social Alpha Knowledge Services: Access to renowned industry experts for mentoring and knowledge sessions conducted by Social Alpha
Opportunities for Follow-on Funding: Opportunity to pitch for Social Alpha’s seed support and pitch to a large and diverse investor and donor network

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