IIIT-Hyderabad Launches Ojas Post-Doctoral Entrepreneurship Program

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The program is open to candidates who are likely to submit their PhD thesis in 2019 and can start by October 1, 2019 at the latest.

Ojas medtech incubator at the International Institute of Information Technology Hyderabad (IIIT-H) has launched a program for scientists who are completing their PhDs and are keen on pursuing an entrepreneurial career.

Ojas was launched this year by the Centre for Innovation & Entrepreneurship (CIE) at IIIT-H to nurture startups building technology-enabled healthcare solutions. It is partly funded by the Biotechnology Industry Research Assistance Council (BIRAC).

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Under the Ojas Post-Doctoral Entrepreneurship Program, the participants will be provided post-doctoral training focused on building a technology enabled solution (device, app, digital tool) to address problems in the healthcare arena. This includes disease detection, diagnosis, prevention, treatment, monitoring or wellness.

The scientist will need to select a professor from IIIT-H, who will guide the work. The PhD supervisor of the candidate can also be a collaborator for the project, if the product idea is based on the candidate’s thesis work. A 12-month stipend will be provided, which can be extended to 12 more months.

At the end of this period, the scientist is expected to incorporate a company and take the product forward.

Entrepreneurs to get access to a network of investors

Seed funding of up to Rs 25 lakh will be provided to the company upon incorporation. In parallel, the entrepreneur will have access to a network of investors through Ojas, to raise equity capital.

According to Dr Radha Rangarajan, Head of Innovation and Strategy at Ojas, the program is designed for those who want to leverage their skills in research to build products for healthcare.

It will allow a gradual transition from academia to entrepreneurship, he added.

The program is open to candidates who are likely to submit their PhD thesis in 2019 and can start by October 1, 2019 at the latest.

Application deadline is April 25, 2019.

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