Healthcare
Incubation Program
A CSR initiative by DailyRounds
Supporting health sector entrepreneurs on their prototype to market journey
Healthcare Incubation Program
*Note - This form is only for expressing interest in the program. The actual application form is the final step in the registration process.
NSRCEL in collaboration with DailyRounds, is supporting early-stage healthcare startups in the prototype to early revenue stage that have the potential to increase access and affordability of healthcare in India.
Our structured incubation program provides comprehensive support to healthcare innovators and entrepreneurs, guiding them from ‘lab to market’.
Who is it for?
Healthcare Innovators
Individuals or small teams with pioneering ideas addressing significant healthcare challenges through new treatment methods, unique healthcare delivery systems, or innovative medical research.
Health Tech and Digital Health Startups
Startups leveraging advanced technology to enhance healthcare delivery, improve patient outcomes, and increase operational efficiencies through telemedicine platforms, AI-driven diagnostic tools, health data analytics etc.
Biotech and MedTech Startups
Companies focused on biotechnological advancements and creating medical devices that improve diagnostics, therapeutic procedures, or patient monitoring by developing of new drugs, vaccines, gene therapies, other biological products etc.
Public Health and Affordable Healthcare Solutions
Initiatives addressing public health issues, particularly improving healthcare access in underserved communities, and startups reducing healthcare costs through innovative business models and technologies, focusing on preventive care, health education, community health interventions etc.
Elderly and Chronic Care Startups
Innovations targeting the needs of elderly patients and those with chronic conditions by care management solutions, remote monitoring systems, assistive technologies, and chronic disease management programs.
Who is eligible?
Program Highlights
Access to product innovation labs, lab suites, workspace
Curated online sessions and masterclasses from sector and industry experts to refine problem statements, value proposition, go-to-market strategy and business model
One-On-One Mentoring
Regulatory, IP, legal and finance advisory
Access to the hospital network
Investor Connects
Grants upto Rs 1 Cr for select ventures
Applications are open!
Program Partner
FAQ
Getting Started
I am just starting up, am I ready for Healthcare Incubation?
We are looking for healthcare startups in the prototype to early revenue stage. So, if you have a working prototype or proof of concept ready, you are ready for the program.
Does the program focus on specific sectors or geographies?
We are looking for health care startups who are-
1. Healthcare Innovators
2. Health Tech and Digital Health Startups
3. Biotech
4. Medtech
5. Public Health
6. Startups in Affordable Healthcare
7. Elderly and Chronic Care
We are looking startups PAN India.
Can a single founder apply to the program?
Yes. We accept applications from solo founders.
When can I apply?
Applications are not open now. We will share the application link on the webpage once the applications will open.
What do you look for in an applicant?
Founders are required to be committed to their idea full-time and must demonstrate the ability and entrepreneurial mindset to build and grow an organization.
I have two ideas? Can I submit two applications?
Each applicant must apply with a single idea
What stage should the startup be in to be eligible?
Startups in the prototype to early revenue stage are eligible.
Do we receive any funding?
By the end of the incubation program, a few select startups will receive a grant of upto Rs. 1cr
Where will the program take place?
The program is hybrid in format. While all the sessions will be conducted online, founders will have the chance to visit NSRCEL at the start of the program for the Kick-Off Bootcamp and at the end of the program for the End Reviews.
What will I learn from this program?
The 5-month program has been designed to give you opportunities to learn from a set of curated online sessions and masterclasses from sector and industry experts that will refine your problem statements, value proposition, go-to-market strategy, business models and other business basics. Along with this we also provide access to product innovation labs, lab suites, one-on-one mentoring, regulatory, IP, legal and finance advisory, access to hospital network and investor connect, and grant opportunities.
Do I need to be present for the entire duration of the program?
Yes. We highly recommend that the participants attend all the sessions to benefit from the sessions and workshops designed for the program.
During Program
How long is the program for?
The program is for 5 months
How many team members can attend the program?
The primary attendees for the sessions must be the founders of the startup. Along with them, other relevant team members can also join sessions and events.
Is there a fee that needs to be paid to participate?
No, there is no fee charged as a part of the program.
How many hours will I have to spend in the program, in a week?
We schedule sessions, workshops and interactions that may amount to 6-8 hours a week.
My question is not answered here, where do I ask?
You can reach out to the Healthcare Incubation Team at healthcare@nsrcel.iimb.ac.in