Industry Innovation Programme on Medical Electronics (IIPME)

Brief

Industry Innovation Programme on Medical Electronics (IIPME) is a collaborative project between the Ministry of Electronics and Information Technology (MeitY) and Biotechnology Industry Research Assistance Council (BIRAC), Department of Biotechnology, Ministry of Science & Technology, Government of India.

The project goal is to fund a portfolio of Indian-led pilot projects targeting innovations in multidisciplinary areas comprising of electronics, engineering, medical devices, healthcare, software, algorithms & information technology, to help medical electronics fraternity and to bring in fast pace research and development in this area. The idea is to provide funding support to applicants for testing their bold ideas, mentorship from various subject matter experts, networking platforms, and an opportunity to scale up their technology. Under this project support will be provided at Seed, Early transition, and transitions to scale stages.

Eligibility

• Indian startups which are less than three years old from date of advertisement which have 51% ownership, Indian LLPs and those which have Department of Scientific and Industrial Research (DSIR) Recognition (only for early transition & transition to scale) are eligible to apply under the scheme.

Fund / quantum

• Seed Grants - This is for funding the projects, which are at initial stages of product development cycle. These awards do not require preliminary data and are meant to provide an opportunity to test particularly bold ideas. A grant upto Rs. 50 lakhs for a period of 18 months can be provided in this category.
• Early Transition - This category is for projects which have established the proof of concept and require incremental prototype innovations and validation. These awards are for small risk projects which are at the early stages of translational research. A mix of grant & loan not exceeding INR 100 lakhs over the period of 24 can be provided in this category.
• Transition to Scale - The stage is for the projects which have already shown promising data on establishing the Proof of Concept and has generated enough validation data, these awards require demonstration of detailed preliminary data and are meant to provide an opportunity to develop, refine, and rigorously test approaches that have previously shown promise in controlled or limited settings. A mix of grant & loans for a period of 24 - 36 months is proposed. The project cost would be matched equally by Government Funds and the industry.

Tenure

• Active

• Mentorship and Guidance : Access to experienced mentors and industry experts in medical electronics and related fields, providing valuable guidance on technology development, business strategy, and regulatory compliance.
• Networking Opportunities : Connection with potential investors, partners, and stakeholders within the medical electronics ecosystem, facilitating collaboration and market access.
• Validation and Credibility : Being selected for IIPME funding enhances a project's credibility and attracts further investment opportunities.
• Infrastructure and Facilities : Access to research facilities and equipment at designated incubators and partner institutions, reducing infrastructure overhead for startups.

• Indian startups which are less than three years old from date of advertisement which have 51% ownership, Indian LLPs and those which have Department of Scientific and Industrial Research (DSIR) Recognition (only for early transition & transition to scale) are eligible to apply under the scheme.

• Seed Grants - This is for funding the projects, which are at initial stages of product development cycle. These awards do not require preliminary data and are meant to provide an opportunity to test particularly bold ideas. A grant upto Rs. 50 lakhs for a period of 18 months can be provided in this category.

• Early Transition - This category is for projects which have established the proof of concept and require incremental prototype innovations and validation. These awards are for small risk projects which are at the early stages of translational research. A mix of grant & loan not exceeding INR 100 lakhs over the period of 24 can be provided in this category.

• Transition to Scale - The stage is for the projects which have already shown promising data on establishing the Proof of Concept and has generated enough validation data, these awards require demonstration of detailed preliminary data and are meant to provide an opportunity to develop, refine, and rigorously test approaches that have previously shown promise in controlled or limited settings. A mix of grant & loans for a period of 24 - 36 months is proposed. The project cost would be matched equally by Government Funds and the industry.

• Active

Online / portal

See the Startup India schemes directory for application steps.

https://www.startupindia.gov.in/content/sih/en/government-schemes.html