IIT-H CfHE fellowship, Centre for Healthcare Entrepreneurship (CfHE) is inviting applications for fifth batch of its fully paid fellowship programme. CfHE is located on the premises of Indian Institute of Technology Hyderabad (IIT-H).
Startups and alumni who have taken this fellowship have developed solutions for major healthcare issues affecting India including COVID-19 pandemic besides infant mortality and other issues.
IIT-H CfHE fellowship 2020
IIT-H CfHE 2020 fellowship is open to candidates with medical, engineering and design degree. And, it offers a monthly stipend of Rs. 50,000 during first year of training. IIT-H CfHE fellowship this year will be offered to 25 people.
Speaking about IIT-H CfHE fellowship IIT-H director Dr. B.S. Murty said a need was felt to usher in Innovation and incubation culture in academic institutions.
IIT Hyderabad has always been progressive to address such needs. With a strong research in Biomedical Engineering and lot of faculty from other departments engaged in interdisciplinary research in allied areas, it was only appropriate to identify healthcare as the theme for this endeavour, he said.
IIT-H CfHE fellowship is full-time in-residence fellowship and training will be strongly hands-on. The program follows a carefully structured and comprehensive package of curriculum.
Further details about IIT-H CfHE fellowship can be obtained from CfHE website at ‘https://cfhe.iith.ac.in/index.html‘ Candidates who have taken IIT-H CfHE fellowship will undergo intense clinical immersions in private and public hospitals. They will also be taught bio-design process by IIT Hyderabad faculty and will have access to mentors, industry professionals and investors besides advisors.
Speaking about the unique aspects of IIT-H CfHE fellowship Professor Renu John, head of CfHe and head of Biomedical Engineering at IIT Hyderabad said the fellowship in healthcare Entrepreneurship at CfHE is one of its kind in the country and the diversity of domain expertise that is available with CfHE has been one of the critical strengths in driving this program successfully.
Also read ‘ACET May 2020 application submission dates extended‘
A three stage process will be held for selecting candidates for IIT-H CfHE fellowship. The first stage of selection for IIT-H CfHE fellowship will comprise an online test that will test general aptitude, skills and entrepreneurial orientation.
The second stage of selection for IIT-H CfHE fellowship will have a hackathon, the details about this will be announced soon. Candidates who pass these two stages will appear for a stage 3 in IIT Hyderabad.
The stage 3 of IIT-H CfHE fellowship selection will have a mock drill where the shortlisted candidates have to participate and have to perform need analysis, problem statement, ideation, proof of concept and market analysis.
Dr Ramkumar S., Chief Operating Officer, CfHE said a healthcare hackathon would bring together the brightest engineering, clinical, product design and technology minds with a passion to innovation.
‘We expect a lot more diversity and domain expertise in the program merging nontechnical aspects of user experience and business models in addressing critical clinical challenges.’
IIT-H CfHE fellowship which has entered into the fifth year of its existence has so far mentored 18 fellows and is incubating seven companies, which have a combined valuation of nearly Rs. 7 million.
These companies have been able attract net grants and funds worth over Rs. 10 million from prominent Venture Capitalists/Grant-awarding agencies such as Biotechnology Industry Research Assistance Council (BIRAC), Bill and Melinda Gates Foundation, Steven’s University (US) in addition to seed funding from CfHE to the tune of Rs. 15 million.
Two products have already entered the market with a few more to be launched soon. Currently another nine Fellows are undergoing the program.
CfHE and its incubatees have contributed to the sudden need for innovative products to address the COVID-19 crisis. The products they have developed include ‘Jeevan Lite,’ a low cost Ventilator, Nemocare’s ‘Raksha Plus’ for geolocation, patient/suspect tracking and monitoring disease progression detection, ‘Cowin20,’ a wearable device for Covid detection, ‘TraQaro,’ a geofencing product and ‘Usafe,’ a low cost personal protection equipment.
CfHE, sponsored by two IIT Bombay alumni, is focused on bringing about universal healthcare. The Center’s objective is to catalyze healthcare innovation to bring about affordable solutions to address healthcare needs of India.
CfHE and its incubatees have contributed to the sudden need for innovative products to address the COVID-19 crisis.
The products they have developed include ‘Jeevan Lite,’ a low cost Ventilator, Nemocare’s ‘Raksha Plus’ for geolocation, patient/suspect tracking and monitoring disease progression detection, ‘Cowin20,’ a wearable device for Covid detection, ‘TraQaro,’ a geofencing product and ‘Usafe,’ a low cost personal protection equipment.
CfHE, sponsored by two IIT Bombay alumni, is focused on bringing about universal healthcare. The Center’s objective is to catalyze healthcare innovation to bring about affordable solutions to address healthcare needs of India.