Document

 

NAVONMESH OCP 2.0

 

ABOUT

MedTech is a Center of Entrepreneurship in the field of MediElectronics and Health Informatics. This novel initiative is being set up by consortia comprising of Software Technology Parks of India (STPI), SGPGI Lucknow, Department of IT and Electronics, Government Of UP, Association Of Indian Medical Device Industry (AIMED ), Andhra Pradesh MedTech Zone (AMTZ)). The objectives of setting the same are to boost start-ups in the field of medical equipment/electronics & health informatics, and, to contribute to “Make-in-India” & “Digital India” programs of Govt. of India by reducing Health Care Equipment imports and recognize the value of Health Care Equipment & Technology locally. Apart from physical infrastructure, the CoE will have the access to Technocrat/Medical practitioners mentorship, mentorship programs and VC funding, Legal and IPR support, Marketing assistance etc.

 

WHO CAN APPLY

Company Type • The start-up must be incorporated as a
> Private Limited Company (as defined in the Companies Act, 2013) or
> Registered Partnership Firm (Regd. under section 59 of the Partnership Act, 1932) or
> Limited Liability Partnership (under the Liability Partnership Act 2008)
• The date of registration/incorporation must not be beyond 10 years.

Annual Turnover
Start-up should have an annual turnover not exceeding Rs. 100 crore for any of the financial years since its incorporation.

Original Entity
An entity should not have been formed by splitting up or reconstructing an already existing business.

Innovative & Scalable
Entity working towards innovation, development, or improvement of products, processes, or services or if it is a scalable business model with high potential of employment generation or wealth creation.

Terms & Conditions
• Start-ups have to operate from the MedTech CoE Incubation facility at STPI Lucknow CoE at SGPGI.
• Each start-up will be offered incubation space as per their requirement.
• Each start-up has to offer designated equity to STPI as per the present valuation.
• The start-up has to pay designated services charges per seat per month for availing incubation facilities.
• The incubates under product development and R&D shall be offered discount as per the STPI Incubation Policy.

FOCUS AREAS

Startups having innovative Idea/Product/Solution in following focus area:
• Mechanical Chest compression Device for Cardio
• Pulmonary Resuscitation (CPR)
• Patient care
• Innovation in Imaging- From images to informatics
• App based Communication between Patient and Hospital
• AI based medical screening for arrhythmias
• AI based medical screening for tachy and bradyarrhythmia's

Click here for problem statement
The focus area is not limited to above problem statements only. Any other product/solution which caters to one or more of the domains is invited.
 

SELECTION PROCESS

Screening, Evaluation & Selection:
√ Designated Committee(s) shall be formed for Screening, Evaluation & Selection.
√ All the applications received shall be subject to a rigorous centralized multi-tier screening process with involvement of appropriate experts from respective domain and/or location as deemed fit.
√ Decision of the designated Committee(s) shall be final & binding on all.  

DURATION

• Application submission– Start Date 31st August, 2021
• Application submission– End Date 25th October, 2021

OFFERINGS

• Physical infrastructure including state-of-the-art Ready-to-Work Plug & Play space
• Direct mentoring from stalwarts of business/tech domain
• Financial Support through seed funding
• High Speed Internet Access
• Access to VC funding
• Technical Support
• Marketing Support
• IPR Related Support Services
• Access to 19+ CoE Labs PAN India
• End-to-end marketing plan to place your start-up on the global map
• Legal, Accounting, IPR/Patenting Facilitation & other support Service
• Cross border collaboration via international promotional agency partners
• Sponsorship to National/International level events to showcase your products for global exposure

INCENTIVES

MedTech CoE shall support through initial seed support upto 2.5 Lakh and guide start-ups for raising funds towards PoC, MVP and Marketing as well as scaling up through grants, equity and debt by leveraging connections with potential customers and CSR/ Corporate sources as well as angels, High Net worth Individuals (HNIs) and VCs as per appropriate size of start-ups.

PRIZE


Each selected startup that will join the MedTech CoE program would be awarded Rs. 50,000 as prize money

TIMELINE

31st August 2021
Application submission start date
25th October 2021
Application submission end date

Note: Dates are subject to change. Kindly check the portal regularly for latest information.


ORGANISED BY

STAKEHOLDERS & PARTNERS

For any techical query, please contact at: ishu.agrawal@stpi.in, startup.pmu@stpi.in ,medtech@stpi.in