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DoP Notifies Rs 5000 Cr PRIP Scheme to Boost Pharma, MedTech R&D
['Parthika Patel', 'Written', 'M. Pharm', 'Pharmaceutics']
Medical News, Health News Latest, Medical News Today - Medical Dialogues |
Component B provides direct financial assistance to startups, MSMEs and industry for both early-stage and late-stage R&D projects.
Early-stage projects can receive up to ₹5 crore (without co-funding if the project cost ≤₹1 crore), while late-stage projects may avail up to ₹100 crore with a cap of 35% central funding.
For Strategic Priority Innovations addressing critical public health issues like orphan drugs or antimicrobial resistance, assistance may extend up to 50%.
Nine slots each are reserved for early and late-stage projects undertaken in partnership with such institutions.
Beneficiaries will also be bound by structured profit-sharing mechanisms, offering options of fixed-rate payments, graded royalty, or equity dilution in proportion to government support, ensuring accountability and reinvestment in public research.