DPIIT, Pfizer tie up to accelerate healthcare innovations

New Delhi: The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with US-based pharma giant Pfizer to strengthen India’s healthcare and accelerate the lab-to-market journey of healthcare innovations, the Ministry of Commerce and Industry said.

The collaboration will extend both financial and non-financial support to startups.

Under the partnership, the Pfizer INDovation programme will empower DPIIT-recognised startups with grants of up to Rs 60 lakhs each, along with a tailored 18-month incubation programme delivered by Social Alpha.

“The programme will provide dedicated acceleration tracks covering clinical validation, regulatory approvals, and go-to-market strategies. Startups will also gain access to expert mentorship, infrastructure, and global networks, in addition to exposure at Pfizer’s Research and Development facilities in Chennai, enabling them to strengthen innovations with advanced industry insights,” the Ministry said.