How is DPIIT Collaborating with Pfizer to Enhance Healthcare Innovations?

Synopsis
Key Takeaways
- DPIIT and Pfizer have partnered to enhance India's healthcare landscape.
- Startups will receive up to Rs 60 lakhs in funding.
- The collaboration includes an 18-month incubation program.
- Focus areas include oncology, brain health, and immunization.
- Public-private partnerships are crucial for healthcare innovation.
New Delhi, Sep 4 (NationPress) The Department for Promotion of Industry and Internal Trade (DPIIT) has formed a Memorandum of Understanding (MoU) with the renowned US pharmaceutical company Pfizer to enhance the healthcare landscape in India and expedite the lab-to-market journey of healthcare innovations, as reported by the Ministry of Commerce and Industry on Thursday.
This partnership aims to provide both financial and non-financial assistance to startups.
Through this collaboration, the Pfizer INDovation programme will grant DPIIT-recognised startups up to Rs 60 lakhs each and offer a customized 18-month incubation program facilitated by Social Alpha.
The initiative will deliver focused acceleration tracks addressing clinical validation, regulatory approvals, and market entry strategies. Startups will benefit from expert mentorship, advanced infrastructure, and global networks, alongside opportunities for engagement at Pfizer’s Research and Development facilities located in Chennai, which will help refine their innovations with industry-leading insights,” stated the Ministry.
This initiative will also back 14 innovative MedTech startups that are working on screening, diagnostics, health monitoring, and treatment enhancers, with a strong emphasis on non-communicable diseases, oncology, brain health, maternal and child health, and immunization, it added.
“India must advance towards innovative drug discovery, and startups will be essential in this journey,” remarked Sanjiv, Joint Secretary of DPIIT.
Sharad Goswami, Senior Director of Global Policy and Public Affairs at Pfizer India, reiterated the company’s dedication to empowering Indian startups in the creation of patient-focused, impactful healthcare solutions that cater to the unique needs of the nation.
This MoU highlights DPIIT's commitment to fostering productive public-private partnerships that stimulate inclusive growth and solidify India’s status as a global center for healthcare innovation.
In August, DPIIT collaborated with the pharmaceutical firm Roche to provide insights on regulatory pathways, intellectual property, and global health standards, as well as real-world validation opportunities.
The MoU with Roche Products primarily targeted enhancing DPIIT-recognized startups involved in vital therapeutic areas such as oncology, neurology, ophthalmology, hematology, and rare diseases.
As part of this collaboration, Roche India will extend mentorship from global specialists, assist with pilot and validation studies, and grant access to state-of-the-art technologies, infrastructure, and international platforms to aid in the scaling of promising innovations.