IKP Knowledge Park, along with the Biotechnology Research Assistance Council, IKP Trust, has launched Call III of the ICO-Fund, to nurture innovations that are ready for production to fight the COVID-19 situation. Through this endeavor, IKP and IKP Trust will be working with entrepreneurs, corporate(s) and government agencies to contribute in the management of the COVID-19 pandemic.
Sponsoring Agency: IKP Knowledge Park
Type of Fund: Grant
Deadline Available: Available
Deadline Date (mm/dd/yyyy): 05/25/2021
Size of the Fund: Less than USD $50,000
IKP Knowledge Park, along with the Biotechnology Research Assistance Council, IKP Trust, has launched Call III of the ICO-Fund, to nurture innovations that are ready for production to fight the COVID-19 situation. Through this endeavor, IKP and IKP Trust will be working with entrepreneurs, corporate(s) and government agencies to contribute in the management of the COVID-19 pandemic.
The ICO Fund (IKP COVID-19 Fund), an initiative of IKP Knowledge Park (IKP) in association with Funding Partners IKP Trust, BIRAC, Hindustan Syringes & Medical Devices Ltd. and Tynor Orthotics Pvt. Ltd, aims to identify and fast-track technology driven solutions from entrepreneurs that are relevant to the Covid-19 pandemic.
The third call for proposals supported by IKP Trust, BIRAC and AWS will identify and nurture technological innovations that focus on Strengthening Health Systems and Managing Efficiencies. The second wave of the pandemic and the post-COVID world require us to focus on the long-term impact of the pandemic
Thematic Areas: Third Call for Proposals – May 2021
They are seeking applications from entrepreneurs for solutions to address challenges that focus on Strengthening Health Systems and Managing Efficiencies, especially in the areas that are directly or indirectly affected/impacted by Covid-19 pandemic.
Proposals with Technology driven Innovation are invited in the following thematic areas:
• Patient Management
• Clinical Decision Support Ecosystem (screening, diagnostics and surveillance tools)
• Impact on Community
• Futuristic innovations for Covid management
Funding Information
• They plan to select candidates, who will be eligible for an initial rapid funding of up to INR 30 Lakhs each for a maximum period of 6 months (up to 18 months for proposals under futuristic technologies) to develop a solution that is ready for manufacturing/deployment. Amazon Web Services will provide Cloud Credits to those who need it, along with technology mentorship to enable Cloud services around the innovation.
• The financial assistance will be partly in the form of grant-in-aid and partly as funding against revenue sharing.
Eligibility Criteria
• The fund is open to Indian Companies / Companies registered in India, with production ready solutions.
• IKP will help connect with large manufacturing companies that will help the innovations be produced at deployed at scale.
• This Call for Proposals is open to start-ups and SMEs.
More information at: https://ikpeden.com/funding/
