FundingRs. 10 lakh to Rs. 30 lakh
Equity-free Idea Logistics & Mobility
ClosesJun 15, 2026
Closed Grant Equity-free
Promotion of Research and Innovation in Pharma MedTech sector (PRIP)
by Department of Pharmaceuticals
The Scheme for "Promotion of Research and Innovation in Pharma MedTech sector (PRIP)" aims to transform India into a global R&D powerhouse in the Pharma MedTech sector. Key objectives include: * Enabling rapid discovery, development, and commercialization of drugs. * Enabling innovation in medical devices. * Promoting industry-academia collaboration. * Transforming growth from cost-based to innovation-driven. The scheme has a total financial outlay of Rs. 5000 crores. This includes support
Check your readinessShare a few details and an IncorpX advisor will walk you through fit, documents and timelines for this scheme. Free, no obligation.
About this scheme
The Scheme for "Promotion of Research and Innovation in Pharma MedTech sector (PRIP)" aims to transform India into a global R&D powerhouse in the Pharma MedTech sector.
Key objectives include:
* Enabling rapid discovery, development, and commercialization of drugs.
* Enabling innovation in medical devices.
* Promoting industry-academia collaboration.
* Transforming growth from cost-based to innovation-driven.
The scheme has a total financial outlay of Rs. 5000 crores. This includes support for Strategic Priority Innovations, which are products and technologies addressing India's public health concerns where market potential is low (e.g., Neglected Tropical Diseases, Rare diseases, Antimicrobial Resistance).
Who can apply
- Open only for Startups and MSMEs.**
- **Technology Readiness Levels (TRL):** Projects must have completed TRL 1, TRL 2, or TRL 3 and aim to reach higher TRLs up to TRL 5.
- New Medicines (New Chemical Entities, New Biological Entities, Phytopharmaceutical drugs).
- Complex generics & Biosimilars.
- Novel Medical Devices (AI/ML-based, SaMD/SiMD, robotic devices, novel IVDs).
- **Academic Collaboration:** Collaboration with reputed Government academic and research institutions ("Academia") is encouraged, with preference given to such collaborative projects.
Official application
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Applications are submitted directly with Department of Pharmaceuticals, in your own name. Share a few details and we will point you to the official application portal and help you prepare a complete submission.
Here is the official application link
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Open the official applicationFrequently asked questions
How much funding does Promotion of Research and Innovation in Pharma MedTech sector (PRIP) provide?
Promotion of Research and Innovation in Pharma MedTech sector (PRIP) provides rs. 10 lakh to Rs. 5 Cr. The exact amount sanctioned depends on the proposal and the evaluation by the program authority.
Is Promotion of Research and Innovation in Pharma MedTech sector (PRIP) currently accepting applications?
Closed on Nov 10, 2025. Always confirm the current window with the program authority before preparing your application.
Does Promotion of Research and Innovation in Pharma MedTech sector (PRIP) take equity?
No. This program is listed as equity-free, which means the funding does not dilute your shareholding. Review the official terms for any debt or convertible components.
Important disclaimer
IncorpX is a private platform operated by a private company. It is not a government department, agency or official portal, and it is not affiliated with, endorsed by, or acting on behalf of any government body or of any organisation, incubator, accelerator, investor or partner listed in this directory. All program names, logos and trademarks are the property of their respective owners and are used for identification only.
This directory is compiled from publicly available official sources and is provided for general information only. It does not constitute legal, financial, tax or professional advice. Funding amounts, eligibility criteria, required documents, deadlines and availability are determined by each program authority and change with every cycle, so the details shown here may be incomplete or out of date. Always confirm the current terms on the official program source before you apply or take any decision.
IncorpX charges no fee for the information in this directory and does not collect, process, lodge or submit any application on your behalf. Applications are made by you, in your own name, directly with the respective program authority. IncorpX provides assistance only for application preparation and for related registrations such as company incorporation, DPIIT recognition, MSME (Udyam) and GST. Eligibility, approval, disbursement and selection rest solely with the respective program authority, and IncorpX makes no representation or guarantee as to any outcome.
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