The Indian Institute of Management (IIM) Bangalore has submitted applications for startups or start-ups that “have the potential to improve access and accessibility to healthcare in India.” The application process has started and will end on February 15th.
The startups will be shortlisted based on the feasibility of the idea and the proposed solution to the problem to be solved. The program aims to support healthcare innovators and entrepreneurs on their way from lab to market, according to the IIM-B. The program is offered by NSRCEL – the start-up center at IIM Bangalore.
Early-stage projects are selected for a three-month pre-incubation period of the program, where they are led by mentors through needs assessment, one-on-one interactions, and workshops. Entrepreneurs will have the opportunity to network with more than 800 NSRCEL companies and connect with partner networks: Bangalore BioInnovation Center, IIITB Innovation Center SocialAlpha, HCG Academics and others, IIM-B reported.
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After pre-incubation, companies will have the option of contacting NSRCEL for a 12-month incubation program. The incubation phase will focus on providing entrepreneurs with access to workshops where they build their value proposition, measure impact, develop leadership skills, provide legal and compliance support, a strategic roadmap for scaling up and financing.
Participants in the NSRCEL health program will continue to receive support through webinars, master classes, guest lectures and workshops after the program ends, IIM said in an official statement.