Centre for Innovation Incubation and Entrepreneurship at IIM Ahmedabad and Piramal Foundation announce “Piramal Prize 2010” - to enable bold entrepreneurial ideas with potential to reduce the burden of disease across India. The Prize is an initiative to solve the health crisis by encouraging innovative ideas in the field of health care. This is the second edition of the Prize with its success of the first edition in 2008.
The Piramal Prize is to be given in 2 categories
1 – Emerging Ventures - Disruptive ventures in existence for less than three years. Entries may be in the start up/ idea/ growth stages, ideally with a prototype/pilot project completed or underway.
2 – Established Organizations - For Enterprises with a proven ability to reduce the burden of disease. Nominees may be not-for-profit or for-profit, but should present measurable impact on healthcare in large scale. For this category, one can nominate an organization that one thinks has done good work in reducing the burden of disease.
The most viable business model in each of the categories above shall receive seed investment/Prize Money of Rs 10,00,000/- each.
Purpose and Criteria:
The Piramal Prize is designed to support innovations that bring better health at a lower cost to more people across India. In addition to highlighting successful organizations, the Piramal Prize seeks to enable cutting edge entrepreneurial ideas that make healthcare more effective and affordable.
Applicants should have business models that emphasize sustainability and impact on the health outcomes of India’s masses; but it is equally important for entrants to have passion for and commitment to solving the healthcare crisis
Entries may include, but are not limited to, innovations in service delivery, technology applications, health-related products, or mechanisms to address public health necessities such as potable water.
Last date for Application : 15th August 2010