Pfizer - IIT Delhi Innovation & IP Program

Introduction
What Is Supported

Bringing Healthcare Innovations in India to Life

The Pfizer-IIT Delhi Innovation and IP Program is a collaborative incubation accelerator - co-created by Pfizer and Foundation for Innovation and Technology Transfer (FITT) at the Indian Institute of Technology Delhi (IIT Delhi).

The Program will provide - funding, resources, expertise and infrastructure – to propel India’s healthcare innovations from idea to IP.

Pfizer funding through this program will provide an unencumbered grant of upto Rs. 50 lakhs to each innovator – selected through an appropriately drawn up process.

Patents obtained as a result of the incubation shall belong to the innovators, who will be free to commercialize them as they desire.

Two components of the Pfizer IIT Delhi Innovation & IP Program (PIDIIP)

For innovators seeking comprehensive support to translate their healthcare ideas into new business opportunities, the Program provides:
- Incubation at IIT Delhi’s bio-incubator for a period of up to 2 years.
- Funding of upto INR 50 lakhs for each innovator to take ideas through proof of concept to IP.
- Mentoring support from IIT Delhi’s faculty and FITT nominated experts.
- Access to infrastructure, prototyping laboratories and space for setting up an office.
- IP search and filing services.
- Guidance from Pfizer’s global experts.
- Access to venture capitalists and other industry linkages
For innovators who already have a proof of principle /concept and are only looking for IP related support, the program provides:
- Access to IP counseling services at FITT.
- Funding support to cover patenting expenses.

Technology ideas relating to medical/Health biotechnology, Medical devices/Biomaterials/ Diagnostics which may involve inter-alia.

For a better understanding of the eligibility criteria kindly go through the following.

Eligibility Criteria

Individuals
- The individual must be an Indian citizen.
- The individual must have completed basic undergraduate training in natural sciences/engineering/ medicine. Essential qualification is PhD/MTech/BTech/BPharm/MD/MBBS/BDS/MSc/MPhil/MDes/ MPH/MBA/MSW and equivalents with undergraduate training in Science, Medicine, Engineering. Individuals with a BSc degree with at least 1 year of full‐time work or research experience shall also be eligible.
- The individual should be the Principal Investigator who meets eligibility requirements mentioned below.
- The individual has to be physically incubated in technology Business Incubator at IIT Delhi.
- If the individual is formally employed (or registered as a student) with a non-profit academic or research organization, then the individual has to produce a No Objection Certificate (NOC) from the head of the organization clearly indicating that the organization has policies in place to allow the individual to accept funding support (if successful) as an individual under this program.
- Alternatively, the individual needs to provide an undertaking that he/she plans to terminate his association with the current employer and take up the project full time in the event of a grant approval. A resignation/ relieving/retirement letter will be needed as supporting document before final approval and release of the grant.
- If the individual has a controlling stake/role in an ineligible Company (start-up more than 3 years (to be checked) old or in receipt of any funding), then the individual is ineligible
- An individual that has already received Govt./Private support once is not eligible for receiving PIIP funding support once again for the same idea
Company
- The start-up Company should be registered under the Indian Companies Act, 1956/2013.
- The incorporation date of the Company should not be earlier than 3 years from the date of launch of the PIIP call.
- A company is considered as 'Owned’ by resident Indian citizen if minimum 51% of the capital in it is beneficially owned by resident Indian citizens and /or Indian companies, which are ultimately owned and controlled by resident Indian citizens.
- A Principal Investigator who qualifies the eligibility requirements must represent the start-up Company’s application.

Other Eligibility Criteria

Principal Investigator
- Every proposal must clearly identify a Principal Investigator who will take responsibility for the technical and managerial aspects of the project execution.
- The Principal Investigator must be technically qualified to undertake the project. The Principal Investigator must have completed basic undergraduate training in natural sciences/engineering/ medicine. Essential qualification is PhD/MTech/BTech/BPharm/MD/MBBS/BDS/ MSc / M Phil/ M Des / MPH /MBA / MSW and equivalents with under‐ graduate training in Science, Medicine, Engineering.
- In the event that the proposal is shortlisted for presentation in front of the Pfizer-IIT Delhi Innovation & IP programme Committee, then the same Principal Investigator will be required to present the case for support. In the event that proposal is shortlisted for funding support, then the Project.
- Investigator will be required to sign the project agreement.

Others
Individuals are expected to show documentary evidence that they have tied up the following critical resources needed to execute the project:
- At the time of application and prior to shortlisting for presentation to the Committee.
- Letter of commitment from Scientific Advisors/Mentors to serve as honorary advisors.
- Letter of intent of key members of the technical team.
- The project cannot be the same as another project by the same individual with the same scope and objectives that has already received funding from another source of grant-in-aid funding from any source.

What is not supported
- Project not related to Healthcare.
- Basic/exploratory research projects that aim to demonstrate scientific principles/techniques etc without technology commercialization objectives.
- Projects with no plan to translate ideas into scalable (implementable) technology / products/ services.
- Projects with no element of novelty.
- Projects involving ethical and EHS risks as may be deemed undesirable by experts.
- Projects involving systematic clinical trials, field trials or late stage validation/certification of the technology.
- PhD student research or any other academic research and research fellowship.

The Pfizer IIT Delhi Innovation and IP Program is an incubation accelerator co-created by Pfizer and Foundation for Innovation and Technology Transfer (FITT) at IIT-Delhi to bring healthcare ideas to life.
The Program is only open to individual innovators (residents of India) and/or start-ups incorporated in India.
FITT shall accept no responsibility for entries not received for whatever reason.
By entering the Program you hereby warrant that all information submitted by you in your application is true, accurate and complete in every possible way. FITT reserves the right to verify any and every information contained in your application and/or your eligibility to be in the program.
FITT reserves the right in its absolute discretion to disqualify any participant if it has enough and reasonable grounds to believe that the entrant in particular has breached any of the rules, any applicable law/laws (including copyright law) or has otherwise infringed the intellectual property of any other person. Each participant acknowledges and agrees that any failure to comply with the Rules could lead to FITT disqualifying that person, without giving any reason for such disqualification or granting any opportunity for challenge.
FITT reserves the right to cancel or change the initiative and these terms and conditions without notice in the event of a problem, natural disaster, war, civil or military disturbance, act of God or any actual, anticipated or unanticipated breach of any applicable law or regulation or any other event outside of FITT’s control. Any changes to the initiative will be informed to participants as soon as possible by Pfizer and its partners.
The grants awarded to the innovators cannot be transferable and will not be under any circumstances. Certain aspects may be subject to necessary taxes as applicable. The grants will be given out only once the identity and eligibility of the winner is proven to be true.
Final grantees will be chosen by the Board of Directors of Technology Business Incubator of FITT.
FITT’s decision in respect of all matters related to this initiative will be final and binding.
By entering this initiative, an entrant is indicating his/her/their agreement to be bound by these terms and conditions.
You agree that FITT (and any third party authorized by FITT) may use your idea or entry (whether or not it wins) for any promotional purpose (for example, placing it across any and every advertising media).
FITT will use any and every kind of personal information that you provide, yourself, with your entry for the purposes of the initiative and, where you have given your consent, for marketing purposes including the distribution of regular email updates or newsletters. Any personal information relating to entrants will be used solely by us in accordance with applicable data protection legislation.
Families and relatives of employees of FITT, IIT-Delhi and Pfizer India cannot participate unless the applicant provides an undertaking that he/she plans to terminate his association with the current employer and take up the project full time in the event of a grant approval (A resignation/ reliving/exit letter will be needed as supporting document before final approval and release of the grant).
Entry into this initiative will be deemed as acceptance of these terms and conditions.
To know more about this initiative, please click here.
FITT may change the Terms and Conditions of participation at any time without prior notice. The amended Terms and Conditions of Entry will be effective immediately upon being posted on the website. Important changes to the Terms and Conditions may be highlighted on the website…… for your convenience; however, you acknowledge that it is your sole responsibility to regularly visit the website to read any changes to the Terms and Condit.ions of Entry. Conditions apply.
Disputes, if any, are subject to the jurisdiction in the courts of Delhi only. Conditions apply.

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