Research and Innovation Circle of Hyderabad (RICH) applications from start-ups, entrepreneurs, researchers, and academic institutions in the in vitro diagnostics sector for their accelerator– Acceleration Initiative for Diagnostics (AID) program are closing today. The applications will be evaluated by a panel constituting thematic experts and industry leaders. The most promising start-ups selected by the panel will gain the golden opportunity to undergo incubation at premier research institutes like CCMB, with access to high quality laboratory facilities and equipment; one-on-one mentorship from the top technical and business experts in the industry; access to hospital test beds for samples, testing, and validation; potential investors and industry connects; and seed grants to start-ups that successfully graduate from the cohort! In short, RICH will support these start-ups with the guidance and mentorship to accelerate their growth and ultimately open doors to the industry.
AID is conceived by RICH as a multi-stakeholder alliance whose goal is to identify and nurture the best start-ups in the diagnostics space. Mentored by an expert panel of entrepreneurs, scientists, inventors, and innovators; supported by the Centre for Cellular and Molecular Biology (CCMB), Hyderabad – AID is expected to help start-ups overcome all hurdles – both conceptual and infrastructural – to realize their full potential.
Backed by the Government of Telangana, and the Office of Principal Scientific Adviser to the Government of India – RICH aims to transform the scientific startup ecosystem, by focusing on enabling inventions and innovations to reach the market. “Innovation in Science has demonstrated its ability to transform the world. In Diagnostics, Indian scientists, engineers, and data experts are rapidly innovating new products that can help humanity to identify and overcome many diseases expeditiously. We will give the best among them, the full complement of support to help them succeed” says Ajit Rangnekar, Director General, RICH.