Promotion of Research and Innovation in Pharma MedTech sector (PRIP)

About

The PRIP scheme offers financial assistance and promotes collaboration for startups and MSMEs in the Pharma MedTech sector, focusing on innovative projects that address public health concerns.

Benefits

• 💰Up to ₹1Cr fully funded — Financial assistance for early-stage projects
• 💰Up to ₹100Cr assistance — Financial assistance for late-stage projects up to 35% of project cost
• 🤝Promote industry-academia collaboration — Encourages collaboration with government academic institutions
• 🚀Support for strategic priority innovations — Focus on public health concerns and neglected diseases

Eligibility Criteria

• Open for Startups and MSMEs only
• Early-stage projects must have completed TRL 1, 2, or 3
• Late-stage projects must have completed TRL 4, 5, or 6

Participation Commitments

• Submit a short concept note for early-stage applications
• Shortlisted applicants will submit a detailed application
• Collaboration with academic institutions is encouraged

Target Region

India

Target Sector

Pharma and Medical Technology