IIT Hyderabad invites applications for fully-paid Fellowship, stipend Rs 50,000 per month

CfHE Fellowship program: If you want to learn about healthcare solutions and also earn Rs 50,000 per month, there is an opportunity with Indian Institute of Technology Hyderabad Center for Healthcare Entrepreneurship (CfHE), which has invited applications for its fully-paid Fellowship for 2019-20. The interested candidates can submit their online application till April 15, 2019. The CfHE Fellowship program is dedicated to achieve universal healthcare solutions through entrepreneurship and providing successful applicants with training and incubation opportunities, said a CfHE statement. 

The One-Year Fellowship Program in Healthcare Entrepreneurship by the CfHE, IIT Hyderabad, intends to train individuals from various disciplines towards innovations in Healthcare and provides an opportunity for incubation with Mentorship from top-notch Indian and US academics in collaboration with Bay Area Entrepreneurs, Expert Clinicians and Med-tech Industry.

The fellowship will provide a stipend of Rs 50,000 per month during the first year of training, which includes deep clinical immersions in private and public hospitals and exposure to the healthcare industry. Successful applicants will learn about the bio-design process from IIT Hyderabad academics and will be offered access to mentors, industry professionals, investors, and advisors. 

This full-time in-residence fellowship and training will be strongly hands-on, as the program follows a carefully structured and comprehensive package of curriculum, facilitating the entrepreneurs in taking their innovation from lab-prototype to commercialization through topics like compliance aspects, entrepreneurship development, Intellectual Property rights, markets and new ventures, Business models and business plan development.

Speaking about the importance of this program, Dr Renu John, Co-Head of CfHE and Head, Department of Biomedical Engineering, IIT Hyderabad, said, “Fellowship in Healthcare Entrepreneurship is one of its kind in the country that focusses on promoting Innovation and Entrepreneurship in Medical Devices and Healthcare. We, at IIT Hyderabad have identified the strong need for developing a start-up healthcare Ecosystem in the country to address the problems faced by the medical community worldwide."

Further, she added, "The deep clinical immersions by our fellow teams to identify the clinical unmet needs in our country have taught us several lessons on understanding and addressing global healthcare needs from developed and other developing countries.  This is a golden opportunity for a budding healthcare entrepreneur who is passionate about improving the lives of billions by creating an impact at grass root levels.”

Dr Kousik Sarathy, one of the Biomedical Engineering Professors and Faculty advisors at the Center describes the program as one with an integrative view towards medical device innovation.

Notably, the successful startups selected from this program are given an opportunity to be incubated at CfHE Incubator with an incubation grant to establish their companies. The startups companies are offered access to state-of-art rapid 3-D prototyping facilities and infrastructure at IIT Hyderabad, medical device standards and compliance protocols.
 
The start-up companies that have graduated from CfHE Fellowship Program have already made waves in the MedTech space, in realizing their ideas and reaching commercialization. 

Established by the government of India in 2008, Indian Institute of Technology Hyderabad (IITH) is one of the six new Indian Institutes of Technology in a short span of less than 10 years, has been ranked among the top ten institutes for three consecutive years in the National Institute Ranking Framework (NIRF) released by the Ministry of Human Resource Development (MHRD). 

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IIT Hyderabad has close to 220 full time faculty, 2,550 students of whom 20 per cent are women, more than 100 state-of-the-art laboratories and 4 research and entrepreneurship centers.