Private Equity

Incubation/Acceleration

Pfizer ties up with NIPER to select 6 healthcare startups for accelerator program

Business Line  

Global pharma major Pfizer is collaborating with the National Institute of Pharmaceutical Education and Research (NIPER, Ahmedabad) to support healthcare start-ups in turning their “innovative ideas into market-ready solutions.”This partnership expands on the Pfizer INDovation initiative, through which 34 startups in India have already been supported through funding and incubation to bring their breakthroughs to market.The latest NIPER initiative is being supported by the Department of Pharmaceuticals and Niti Aayog and anchored by Social Alpha. The initiative will follow a cohort-based approach to select 6 innovators pan-India, that will be incubated at NIPER-Ahmedabad. Start-ups with a proof-of-concept that matches the set mandate will be selected for a one-year accelerator program.Each start-up will receive incubation support in areas of product development, regulatory pathways, pre-clinical testing, and tech transfer through the NIPER ecosystem. They will also receive funding of up to INR 25 lakh each.