HTIC MedTech Incubator (MTI) is a facility provided to start-up companies in the Medical Technology sector to enable them to grow and enter the market.

This facility is located at Phase II of IITM Research Park, Taramani.

Facilities include:

• Office space for 18-36 months
• Access to our industry network and partners to enter the market.
• A well-equipped research lab attached providing access to the equipments and our researchers
• Opportunity to interact with IITM faculty and students
• Other support services viz. accounting, legal, company secretarial, IP intellectual property and mentorship

Apply, if you one of the following:

• If you have an Innovative idea
• If you want to take new Product to the market
• If you want to test a new Process for existing Process
• If you are a MedTech start-up registered in India

Yes, you may apply as a sole founder. However as you grow, you can begin to look for complementary team members.

Yes, you can apply.

Yes, you can apply.

Anyone with a basic background/understanding in Medtech can apply.

Not necessarily, but there should be some source of funding before you can start incubating.

No. Anyone with an idea in MedTech sector can apply.

Once the online form is filled and submitted by the applicant, it will reach the HTIC-MTI secreteriat, who will ensure the form is complete and is in order. It will then be forwarded for initial screening and called to present. The applicant will present to the HTIC-MTI Screening Committee, based on their recommendations the team will be selected. The selected applicants will then execute the paper work and get incubated with HTIC-MTI.

Applications are assessed on their technical merit, potential usage and economic viability.

Yes you can re-apply as a fresh applicant considering the feedback provided by the screening committee.

Yes.

2-4 seats will be allocated to the incubated start-up subject to availability and requirement.

HTIC – MTI will conduct review meetings every month. You need to submit monthly progress reports, quarterly cash flow and P&L summary and yearly audited accounts to HTIC – MTI.

Selected as an incubatee, you will need to sign a contract and transfer some equity shares.

Yes, we will maintain confidentiality.

No, unless it is developed with our research lab then an agreement will have to be made.

No, but you may be able to apply for some funding through IITM-IC once you are an incubatee.

The initial incubation period is 18 months , depending on the growth and performance of the incubated company  will be extended , exited or graduated.

You should apply in writing with due notice.

The Committee will decide whether and when to terminate any incubatee with due notice. Support will be continued as long as the Committee finds promise in the idea and the company.

Yes. HTIC – MTI has a research lab attached to it. You can get access to the researchers based on your research or project. However the project scope and agreement will be defined.

Yes. Depending on the project you can work with the in-house R&D team at the HTIC lab.

You cannot use the HTIC – MTI address for registration of your company.

Yes, but with prior discussion and approval from HTIC – MTI and used under your own control and supervision. HTIC – MTI will not be responsible for the safety, usage and maintenance of incubatee’s equipment.

No. You have to be incubated in order to utilize the services.

Yes, you can use the office space as an incubatee.