Covid Funding

ICO Fund (IKP COVID-19 Fund)

The ICO Fund (IKP COVID-19 Fund), an initiative of IKP Knowledge Park (IKP) in association with Funding Partners IKP Trust, BIRAC, Hindustan Syringes & Medical Devices Ltd. and Tynor Orthotics Pvt. Ltd, aims to identify and fast-track technology driven solutions from entrepreneurs that are relevant to the Covid-19 pandemic. The third call for proposals supported by IKP Trust, BIRAC and AWS will identify and nurture
technological innovations that focus on Strengthening Health Systems and Managing Efficiencies. The second wave of the pandemic and the post-COVID world require us to focus on the long-term impact of the pandemic.Funding for the current round (3rd Call) of proposals is being supported by the IKP Trust & Biotechnology Industry Research Assistance Council (BIRAC). Amazon Web Services (AWS) would provide cloud credits & technology stack mentorship. 

Eligibility: Indian companies applying for the award should have Registration under Companies Act 1956/2013 and must have 51% equity or shareholding by Indian Nationals only, including NRIs. Non-Indian companies will need to partner with an Indian company, so that the Indian company can be the beneficiary of the Fund. We are looking for innovations that are nearready and are scalable.

Submission Date: Closed on 25th May 2021

Area: Life Sciences & Biotechnology, Medical Sciences

Focus Area: 1. Patient Management 2. Clinical Decision Support Ecosystem 3. Impact on Community 4. Futuristic innovations for Covid management

Purpose: Innovations, Research

Ministry/Department: Department of Biotechnology (DBT), Govt of India

Funding Agency: IKP Trust and BIRAC and Technology Support from Amazon Web Services