The Foundation for the Center for Healthcare Entrepreneurship, is sponsored by two IIT Bombay alumni, and is focused on making universal healthcare a reality. The Center’s objective is to catalyze healthcare innovation to bring about affordable solutions to address healthcare needs of India. The Center hopes to foster entrepreneurs to deliver a pipeline of cost-efficient solutions, which are increasingly ‘commercialized’.
Housed in a 6000 sq.ft., brand new facility, the CfHE incubator offers design and 3D fabrication facilities for prototyping of solutions and devices and serves as a rapid acceleration platform for the fellows and startups. The program offers a one-year fellowship with a stipend of INR 50K per month, and ongoing exposure to health care needs through clinical immersions, local and global mentors, SME’s and VC partners during training and incubation. The second batch of fellows is underway following a rigorous screening process filtering candidates from an Indiawide pool of applications. The third batch commences in August, 2018. CfHE startups NemoCare and BeAble from Batch one has won several pitch awards as well as secured funding from the Bill and Melinda Gates Foundation and the Department of Biotechnology Industry Research Assistance Council (BIRAC) respectively.