February 26, 2024Anmol Nagpal

Pfizer to invest Rs 25 lakh each in six healthcare startups

Pharma company Pfizer has announced that it will partner with the National Institute of Pharmaceutical Education & Research to incubate six healthcare startups with an investment of Rs 25 lakh each.

Source: AP

The initiative is supported by the department of pharmaceuticals and Niti Aayog, and anchored by Social Alpha.

Source: Shutterstock

The company said the partnership would follow a cohort-based approach, through which six startups would be selected from across India and incubated at NIPER.

Source: Pixabay

In addition to the Rs 25 lakh investment, each of these startups will receive incubation support in the areas of product development, regulatory pathway, pre-clinical testing.

Source: Freepik

The collaboration will seek to support healthcare startups in turning their ideas into market-ready solutions while reaping benefits from NIPER Ahmedabad’s innovation ecosystem in medical devices

Source: Pexels

Through the partnership, Pfizer will expand on its INDovation programme, through which the company has so far supported the funding and development of 34 startups.

Source: Freepik

The company collaborated with Atal Innovation Mission, NITI Aayog, Social Alpha, FITT, IIT-Delhi, AGNIi, and the UN Health Innovation Exchange, among others, to launch the INDovation Programme in 2022

Source: Unsplash