CALL FOR PROPOSAL- Advancing Technology & Innovation in Indian Medical Devices and Allied Sectors

Shruti Devasthali

The Technology Development Board (TDB) invites proposals from Indian Companies and Start-ups for the development and commercialization of cutting-edge Medical Devices and related technologies. Objectives of the Call for Proposal

In broader terms, the present call for proposal is envisaged to;

I. Identify and act in areas requiring strategic interventions and develop socially relevant technologies by increasing access and universality to affordable and quality medical and healthcare devices.

II. Encourage production of competitive consumer products thereby reducing import dependence by supporting manufacturing and commercialization of medium to high technology medical devices.

III. Invest in core technological strengths to enable Indian industry to stand-up to the competitive pressure and   accelerate country’s share of high-end, complex medical devices in global market.

Scope and focus areas

Technology Development Board invites proposals from Indian industrial concerns operating in medical devices and allied sectors to apply for funding support for product development/ manufacturing/scale-up; technology adaptation for new product development; medical device supply chain components; chemical and raw materials for diagnostics and kits; and product commercialization. Keeping view of country’s socio-economic priorities, the applicants are encouraged to apply in the following focus area (but are not limited to):

  • Diagnostics and Imaging devices: Including Radiology (both ionizing & non-ionizing radiation products); Nuclear Imaging Devices; Anesthetics & Cardio-Respiratory medical devices including catheters of cardio respiratory category; Renal Care medical devices; Artificial Intelligence based devices for detecting and monitoring lifestyle and other diseases.
  • Therapeutic and Prosthetics: Including cancer care/Radiotherapy devices; All Implants including prosthetic limbs/organs, implantable hearing aids/ear prosthesis; ophthalmic prosthetics (artificial eyeballs/cornea, eye socket replacements); voice prosthesis etc.
  • Regenerative therapy devices: Including cell therapies, immunomodulation therapies and tissue engineering (laboratory grown organs and tissues) related devices.
  • Medical equipment (others): All medical devices as classified under low risk (Class A) to high risk (Class D) categories in the Medical Devices Rules, 2017 and as detailed by Central Drugs Standard Control Organization on their website.

Eligibility Criteria:

  • Any Company incorporated under the Companies Act, 1956/the Companies Act, 2013.
  • A company intending to commercialize the technology.
  • The eligibility criteria and financial support shall be as per the TDB guidelines. Please refer to the website for more details: https://tdb.gov.in/project-funding-guidelinesfaqs 

Modes of Funding:

  • Loan @ 5% Simple Annual Interest

How to Apply:

All applications have to be submitted through online portal of TDB. The detailed information and the format for submission of the proposal may be downloaded from the official website: https://tdb.gov.in/

For more details: https://tdb.gov.in/advancing-technology-and-innovation

Start date of call for Proposal: December 16, 2024

End date: February 16, 2025