Follow us onResearch and innovation is the key for the vibrant and useful pharma sector. Department of Pharmaceuticals, Government of India has invited applications for research and innovation projects under its Promotion of Research and Innovation in Pharma-MedTech Sector (PRIP) scheme, a landmark initiative to transform the sector into a globally competitive, innovation-driven sector. For later stage projects, projects of industry, MSMEs and startups costing up to ₹285 crore may apply for assistance up to ₹100 crore. The scale of financial assistance for early stage projects is 100% for cost up to ₹1 crore and 50% of additional cost beyond ₹1 crore, subject to a maximum up to ₹5 crore. This scheme underlines the development of a pan-India digital Pharma-MedTech innovation exchange to connect innovators with investors, mentors, relevant government initiatives such as Patent Mitra and MedTech Mitra and global opportunities, ensuring that innovators are fully supported along their R&D journey from idea to market and so that a vibrant innovation ecosystem is developed.