Pharma major Pfizer and IIT-Delhi on Tuesday launched an incubation accelerator initiative co-created by Pfizer and the Foundation for Innovation and Technology Transfer (FITT). The programme will be open to Indian individuals and startup companies.
The accelerator will address two components. For innovators seeking comprehensive support to translate their healthcare ideas into patents, the programme will provide two years of residential incubation at IIT Delhi, funding of up to Rs 50 lakhs for each innovator, mentoring support from IIT Delhi's faculty, access to infrastructure and prototyping laboratories, IP search and filing services, guidance from Pfizer's experts, venture capitalists and other industry linkages.
For innovators who have a ready proof of concept and are seeking to obtain a patent, the programme will provide access to IP attorneys and services and cover the patent fee.
Pfizer's funding through this programme will be unencumbered. All rights on the innovations will be owned by the innovators and they will be free to commercialize their patents as they desire.
S Sridhar, executive director, Pfizer India, said: "Pfizer promotes a culture of innovation and encourages this creative endeavour globally. Our Innovation and IP Programme with IIT Delhi will promote, celebrate and reward innovations and advancements in healthcare that are born and brought up in India for the benefit of our people. In doing so, our effort aligns with the government's stated priority of creating a vibrant innovation ecosystem in the country and enhances the creation of intellectual property. I invite innovators in India to take advantage of this programme and bring their healthcare inventions to life."
The programme will invite two rounds of proposals during the year 2015-2016. Call for proposals for the first round will open from November 27, 2015 until January 15, 2016.
Applicants can submit their proposals on the FITT website. An independent panel of subject matter experts established by FITT will review and shortlist the potential incubatees.
The Technology Business Incubator Unit board at IIT-Delhi will make the final selection of individuals and startups that that shall receive the grants and be incubated at IIT-Delhi.
The accelerator will address two components. For innovators seeking comprehensive support to translate their healthcare ideas into patents, the programme will provide two years of residential incubation at IIT Delhi, funding of up to Rs 50 lakhs for each innovator, mentoring support from IIT Delhi's faculty, access to infrastructure and prototyping laboratories, IP search and filing services, guidance from Pfizer's experts, venture capitalists and other industry linkages.
For innovators who have a ready proof of concept and are seeking to obtain a patent, the programme will provide access to IP attorneys and services and cover the patent fee.
Pfizer's funding through this programme will be unencumbered. All rights on the innovations will be owned by the innovators and they will be free to commercialize their patents as they desire.
S Sridhar, executive director, Pfizer India, said: "Pfizer promotes a culture of innovation and encourages this creative endeavour globally. Our Innovation and IP Programme with IIT Delhi will promote, celebrate and reward innovations and advancements in healthcare that are born and brought up in India for the benefit of our people. In doing so, our effort aligns with the government's stated priority of creating a vibrant innovation ecosystem in the country and enhances the creation of intellectual property. I invite innovators in India to take advantage of this programme and bring their healthcare inventions to life."
The programme will invite two rounds of proposals during the year 2015-2016. Call for proposals for the first round will open from November 27, 2015 until January 15, 2016.
Applicants can submit their proposals on the FITT website. An independent panel of subject matter experts established by FITT will review and shortlist the potential incubatees.
The Technology Business Incubator Unit board at IIT-Delhi will make the final selection of individuals and startups that that shall receive the grants and be incubated at IIT-Delhi.
No comments:
Post a Comment