As part of this collaboration, BFI will support IIT Kanpur in promoting entrepreneurial initiatives through the Startup Incubation & Innovation Centre (SIIC), IIT Kanpur.
A memorandum of understanding (MoU) to this effect was signed at IIT Kanpur by Prof. Kantesh Balani, dean of resources and alumni, and BFI CEO Gaurav Singh.
BFI has pledged to allocate $150,000 (about Rs 1.25 crore) over three years to develop programmes specifically tailored to healthcare-focused startups at SIIC, said a statement from IIT Kanpur. The collaboration leverages IIT Kanpur’s established leadership in fostering entrepreneurship and BFI’s commitment to advancing biomedical research, it said. By combining these strengths, the partnership aims to develop impactful solutions that address critical gaps in India’s healthcare landscape.
“This MoU will help us share knowledge, support startups effectively and improve our capacity building efforts,” said Prof. Balani.
BFI CEO Singh said, “IIT Kanpur’s exceptional support for these entrepreneurs aligns perfectly with our shared mission of accelerating impactful solutions in biomedical research. Through diverse initiatives in biomedical research and innovation, district full-stack partnerships, and process-driven funding programmes, we are actively addressing critical gaps in India’s healthcare landscape.”
