BFI POWERS INDIA'S MEDTECH FUTURE

BFI'S INTERCONNECT FELLOWSHIP SUPPORTS YOUNG MEDTECH ENTREPRENEURS; SANDEEP NAILWAL TO MENTOR STARTUPS, TACKLE LAB-TO-MARKET CHALLENGES

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India has emerged as a global hub of medical research, frugal innovation, and low-cost engineering, yet this potential remains untapped due to a fragmented ecosystem. Young medtech entrepreneurs and their startups face many challenges including a high degree of regulatory complexity from agencies like Central Drugs Standard Control Organisation (CDSCO), Bureau of Indian Standards (BIS), and Indian Council of Medical Research (ICMR), limited manufacturing transition facilities, controlled clinical validation, significant funding gaps, and fragmented infrastructure that operates in silos. As a result, medtech innovations remain stuck at the proof-of-concept stage, forcing startups to either abandon development or relocate to global hubs like the US or Singapore.

Interconnect Fellowship Program