In India, the thriving R&D ecosystem continues to play a vital role in shaping the future of the healthcare industry. With this conviction, Pfizer initiated a collaboration with the Foundation for Innovation and Technology Transfer (FITT) at IIT Delhi to launch the Pfizer-IIT Delhi Innovation and IP Program in 2015.
This unique incubation accelerator program promoted and supported start-ups to develop novel healthcare solutions that have the potential to prevent, diagnose or treat patients in India and across the world.
Through Version 1.0 of the program, Pfizer successfully incubated nine healthcare innovators and supported 19 IP filings in areas such as diagnostic innovations, drug delivery platforms, medical devices, medical simulation, and training of healthcare workers. This phase of the program supported innovators in bringing their ideas to the prototype stage and offered them a funding of up to 50 lakhs along with incubation and IP support.