Center for Healthcare Entrepreneurship at IIT Hyderabad offers fellowship programme for healthcare entrepreneurs

Center for Healthcare Entrepreneurship at the Indian Institute of Technology, Hyderabad has launched one-year, fully paid fellowship training programme for aspiring entrepreneurs on healthcare domain. According to the institute, the programme has been conceptualised, administered and mentored by a global team from India and the U.S., including Silicon Valley entrepreneurs, academics from Stanford University, biomedical industry professionals, and some of India’s well-known healthcare NGOs.

IIT Hyderabad mentions that the full time in-residence fellowship and training is designed as a simulated entrepreneurial journey with clinical immersion, needs analysis and design, ideation, business model development and culminates in the pitch to investors. In designing solutions, fellows avail the deep technological expertise of over 100 research labs at IIT Hyderabad.

Speaking about CHE’s fellowships, Prof. U.B Desai, Director, IIT Hyderabad said, “The Center for Healthcare Entrepreneurship at IIT Hyderabad is one of a kind center in India. It focuses on healthcare education, hospital immersion, connect with rural healthcare needs and finally incubating companies. It offers a unique opportunity for Make in India mission as well Startup India mission in the context of healthcare.”

The objective of the fellowship is three-fold: to foster creativity and entrepreneurship in the healthcare sector, to solve healthcare needs of our communities, and help universalise healthcare products and services by increasing reach and affordability. A big advantage of this fellowship is that it will provide exposure to local and global Venture Capital (VC) partners during training and incubation. The trainees would be given an opportunity to pitch to investors at the end of the fellowship. The participants of the fellowship will be offered a stipend of Rs. 50,000 per month.

Raj Mashruwala, member of CHE Board said, “We believe entrepreneurship and innovation can be institutionalized. This fellowship aims to do just that by bringing in the best processes and entrepreneurial traditions of the Silicon Valley.”

Eligibility Criteria

Fellowship is open to applicants from all backgrounds ranging from doctors, management graduates, engineers, designers. The minimum eligibility to apply for this fellowship is B.Tech./B.E. degrees, or M.B.B.S./B.D.S, or B.Des degree. Candidates with prior track record in entrepreneurship or demonstrable proof of intent in that direction, will be preferred.

Selection Procedure

The fellows are selected through a highly competitive and rigorous process by a panel of experts. The final selection list of the fellows will be based on the quality of applicants. The first batch of fellows will pass out by end of summer, 2017.

Important Dates

Candidates can apply online by visiting the official website of IIT Hyderabad by April 15, 2017. Shortlisted candidates have to appear for video interview rounds to be held from May 1, 2017 onwards. Selected candidates will have to appear for final interview in person during the last week of May 2017.

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