Call for
Mazumdar Shaw Medical Foundation TBI Incubation Program
Application Deadline:
30 June 2025
About Organisation
The Mazumdar Shaw Medical Foundation (MSMF) is a pioneering initiative dedicated to improving healthcare outcomes in India, with a strong emphasis on innovation, affordability, and accessibility. The Foundation acts as a catalyst for change in the medical ecosystem by supporting startups and entrepreneurs who are committed to transforming healthcare delivery, particularly for underserved and marginalized communities. MSMF operates at the intersection of science, technology, and social good, encouraging bold ideas that address critical healthcare challenges. By providing access to clinical and research infrastructure, mentorship from industry veterans, and guidance through every stage of product development and deployment, the Foundation plays a vital role in nurturing early-stage med-tech innovations. MSMF focuses on enterprises that not only deliver impactful healthcare solutions but also possess the potential to scale sustainably across geographies. With its vision rooted in creating meaningful social impact, the Foundation actively engages in capacity building, fostering a collaborative ecosystem that empowers innovators to develop viable, scalable, and sustainable healthcare solutions. Through its incubation program, MSMF continues to bridge the gap between innovation and implementation, ultimately contributing to a more inclusive and healthier society.
About the Grant
The MSMF Incubation Program is a strategic initiative aimed at supporting early-stage med-tech startups that are developing impactful healthcare solutions, especially for underserved populations in India. The program is tailored for enterprises that have developed a minimum viable product (MVP) with early traction and a dedicated full-time team. Through this grant, selected startups receive end-to-end incubation support that transforms innovative healthcare concepts into concrete, scalable solutions. The program offers access to advanced clinical and research facilities, expert mentorship from leading healthcare professionals, support for prototype development, validation, and clinical trials. In addition, it provides extensive networking opportunities with potential investors, industry leaders, and healthcare institutions. The grant also includes a customized scaling roadmap to help startups establish a viable and impactful business model. This initiative places a strong focus on innovation, sustainability, and affordability, encouraging for-profit enterprises that demonstrate a strong social mission and a feasible plan for long-term growth. The grant is a powerful opportunity for med-tech innovators to gain the resources, guidance, and exposure needed to significantly advance their solutions and maximize their impact across diverse communities.
Who can Apply?
This incubation program is open to early-stage med-tech startups that are focused on creating affordable healthcare solutions for marginalized communities in India. To be eligible, applicants must have developed a minimum viable product (MVP) that demonstrates early signs of traction or utility in the healthcare sector. A committed team working full-time on the project is a mandatory requirement, showcasing the startup’s dedication and readiness for scale. Eligible applicants should be for-profit enterprises with sustainable and viable business models aimed at long-term impact. The foundation seeks startups that bring innovative, scalable, and socially impactful healthcare technologies or services to the forefront—particularly those capable of improving accessibility and outcomes in low-resource settings. The solutions should ideally be adaptable across different geographies and hold potential for widespread replication and success. Additionally, the program values enterprises that are deeply aligned with its mission of social good, innovation, and sustainable business growth. This grant is best suited for founders who are looking for strategic handholding, access to research and clinical expertise, and meaningful mentorship to transform their innovative ideas into operational healthcare solutions.
How to Apply?
To apply, complete the application form with as much detail as possible to assist in the evaluation process. Selected applications that align with the foundation’s mandate will be contacted for a preliminary assessment. This is followed by due diligence, including site visits or stakeholder interaction. Finally, shortlisted startups will present their pitch to an expert investment committee for final approval and support.
Application Deadline
Applications must be submitted no later than 30 June 2025. Startups are encouraged to apply early to allow time for evaluations and further due diligence processes.
Last Date to Apply
The final deadline to submit your application for the MSMF Incubation Program is 30 June 2025. Late submissions will not be considered for this cycle.
Grant Amount
The specific grant amount varies based on the enterprise’s needs and potential, with additional support in the form of infrastructure access, mentorship, and investment opportunities to scale healthcare innovations.
Last Date To Apply
For more information, please visit the grant website here.
