NEWS

Government of India launched National Policy Guidelines on Bio-Medical Innovation and Entrepreneurship recently

DETAILS

AIM – Develop an entrepreneurial environment in India that will be innovation-driven with the ultimate goal of improving human health and well-being

HOW IT WORKS

• Incentivize, motivate, and give a boost to all the stakeholders in this sector
• Promoting initiatives like Make-in-India, Start-Up-India, and Atmanirbhar Bharat
• Ensure multidisciplinary collaboration and the promotion of start-up culture to establish an innovation-led ecosystem at medical institutes across the country
• Connect technical institutions with the industry to promote commercial translation of innovations in the health sector

BENEFITS

• Medical professionals and doctors of the nation will be encouraged to pursue entrepreneurial enterprises, taking up roles such as scientific advisors
• Doctors will also be able to work on industry and inter-institutional projects on their own or through enterprises, license technology to businesses, and revenue generation for social benefit and self-sufficiency