Hyderabad, 18th March 2019: Indian Institute of Technology Hyderabad Center for Healthcare Entrepreneurship (CfHE) is calling for applications for its fully-paid Fellowship for the year 2019-20.
The CfHE Fellowship program is dedicated to achieve universal healthcare solutions by igniting the spark of entrepreneurship and providing successful applicants with training and incubation opportunities. The last date to apply online at http://bit.do/cfhe-application2019 is 15th April 2019.
Speaking about the importance of this program, Dr. Renu John, Co-Head of CfHE and Head, Department of Biomedical Engineering, IIT Hyderabad, said, “Fellowship in Healthcare Entrepreneurship is one of its kind in the country that focusses on promoting Innovation and Entrepreneurship in Medical Devices and Healthcare. We, at IIT Hyderabad have identified the strong need for developing a start-up healthcare Ecosystem in the country to address the problems faced by the medical community worldwide. The deep clinical immersions by our fellow teams to identify the clinical unmet needs in our country have taught us several lessons on understanding and addressing global healthcare needs from developed and other developing countries. This is a golden opportunity for a budding healthcare entrepreneur who is passionate about improving the lives of billions by creating an impact at grass root levels.”
The Fellowship program provides a stipend of Rs. 50,000 per month during the first year of training, which includes deep clinical immersions in private and public hospitals and exposure to the healthcare industry. Successful applicants will learn about the bio-design process from IIT Hyderabad academics and will be offered access to mentors, industry professionals, investors, and advisors. This full-time in-residence fellowship and training will be strongly hands-on. The Program follows a carefully structured and comprehensive package of curriculum, facilitating the entrepreneurs in taking their innovation from lab-prototype to commercialization through topics like compliance aspects, entrepreneurship development, Intellectual Property rights, markets and new ventures, Business models and business plan development.
The successful startups selected from this Fellowship program are given an opportunity to be incubated at CfHE Incubator with an incubation grant to establish their companies. The startups companies are offered access to state-of-art rapid 3-D prototyping facilities and infrastructure at IIT Hyderabad, medical device standards and compliance protocols.
Dr Kousik Sarathy, one of the Biomedical Engineering Professors and Faculty advisors at the Center describes the program as one with an integrative view towards medical device innovation. “Gone are the days of frugal innovation. We are now looking at addressing healthcare problems at a global scale, designed and manufactured by Indians in India, for the world. This would need a comprehensive understanding of the compliance processes. The fellows undergo initiation into aspects of design and development frameworks embedded with compliance strategies. These combined with the advanced prototyping facilities and human resource at IITH presents a world of opportunities to the passionate technocrats from multifarious fields of study. A world-class healthcare innovation is bound to touch the lives of the billion and more at home”, said Dr. Sarathy.
The start-up companies that have graduated from CfHE Fellowship Program have already made waves in the MedTech space, in realizing their ideas and reaching commercialization. Mr. Habib Ali, CEO and CO founder of BeAble Health, a spin-off from the 1st batch of the fellowship program, said, “The design process thinking that the Fellowship program has inculcated in the team along with the clinical immersions made us believe that there is no disabled person, but only bad design and disabled technology. With the ArmAble device, we are looking at a gamified neurorehabilitation framework to treat patients with neurological and other motor deficits. CfHE has provided us with a well-rounded and broad perspective of healthcare innovation through support at various stages of development. The program and its many facets including design, development, and business, enabled with advisory support from industry experts, investors and serial entrepreneurs has truly helped in the smooth evolution of the product and our company as whole.”
Further details about the application process and eligibility criteria can be obtained from:
Website: http://hc.iith.ac.in
Facebook: https://www.facebook.com/CfHE.IITH
Twitter: https://twitter.com/CfHE_IITH
For any further queries on admissions and applications, kindly mail to: fhe@iith.ac.in
