Industry Innovation Programme on Medical Electronics (IIPME) is a loan from BIRAC / MeitY for indian innovators/startups working in medical electronics, engineering, medical devices, healthcare software, algorithms and information…. It provides Rs 50 lakh (Seed) to Rs 100 lakh (Early Transition); Transition to Scale is matched equally by govt and industry, for medical electronics, medical devices, healthcare IT. Applications are open on a rolling basis.
Key facts
| Amount / benefit | Rs 50 lakh (Seed) to Rs 100 lakh (Early Transition); Transition to Scale is matched equally by govt and industry (Mix of grant and loan across seed, early-transition, and scale-up stages) |
|---|---|
| Provider | BIRAC / MeitY |
| Where | Pan-India |
| Stage | Seed, Early Stage, Growth |
| Sector | Medical electronics, medical devices, healthcare IT |
| Deadline | Rolling / always open |
What is Industry Innovation Programme on Medical Electronics?
IIPME is a collaborative funding programme between the Ministry of Electronics and Information Technology (MeitY) and BIRAC to support Indian-led pilot projects in medical electronics, devices, healthcare software and IT. It funds three stages: Seed Grants (up to Rs 50 lakh for 18 months for early-stage bold ideas needing no preliminary data), Early Transition (a mix of grant and loan up to INR 100 lakh over 24 months for projects with proof of concept), and Transition to Scale (grant and loan mix over 24-36 months, project cost matched equally by government and industry, for validated technologies ready to scale). It is run by BIRAC / MeitY.
This is credit — repayable finance, usually on more concessional terms than a regular commercial loan. The amount and form of support that actually apply to you depend on the programme’s rules and how your application is assessed — they are not fixed for every applicant.
It is aimed at businesses in medical electronics, medical devices, healthcare it. Like most government programmes, it has its own eligibility conditions, documentation and application window, and these terms are revised from time to time. Because of that, it is worth confirming the current eligibility, amount and deadline on the official programme page before you invest time in applying.
Who is eligible for Industry Innovation Programme on Medical Electronics?
Indian innovators/startups working in medical electronics, engineering, medical devices, healthcare software, algorithms and information technology; different stages (seed, early transition, transition to scale) have different maturity requirements.
How much does Industry Innovation Programme on Medical Electronics give, and in what form?
Rs 50 lakh (Seed) to Rs 100 lakh (Early Transition); Transition to Scale is matched equally by govt and industry, as mix of grant and loan across seed, early-transition, and scale-up stages.
Frequently asked questions
What kind of support is this?
This is credit — repayable finance, usually on more concessional terms than a regular commercial loan.
Who runs this programme?
Industry Innovation Programme on Medical Electronics (IIPME) is offered by BIRAC / MeitY. Eligibility and approval rest with them; the criteria and amounts are set by the programme.
Is there a deadline to apply?
Programmes like this can be rolling or time-bound. Confirm the current window on the official programme page before you apply.
How do I know if I’m eligible?
Read “Who can apply” above for the programme’s own criteria. If you’d like a quick read on your specific case, our free 2-minute eligibility check maps your stage, sector and revenue to what you can realistically claim.
Related programmes
Browse similar loan programmes. CapEasy handles this under Working-capital loan advisory.
Source and verification
No official page is linked for this programme yet. Verification date pending. Government programmes change — confirm current eligibility, amounts and deadlines on the official programme page before you apply. CapEasy is a private consultancy and is not affiliated with any government authority.