India, Sept. 4 -- image credit- shutterstock

In a significant step towards strengthening India's healthcare innovation ecosystem,theDepartment for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, has signed a Memorandum of Understanding (MoU) with Pfizer Limited.

The collaboration aims toaccelerate the journey of innovative healthcare products from the lab to the market by providing bothfinancial and non-financialsupport to startups.

Under this partnership,the PfizerEndowment Programme will provide grants of up to Rs60lakhto empower DPIIT-accredited startups. Along with this,a special18-monthincubation programme (supporting business or startup at the earliest stage) will also be run by Social Alpha....