LAB TO MARKET (L2M) PROGRAM (Medical Device Development & Validation)
The Lab-to-Market (L2M) Program by IITI DRISHTI CPS FOUNDATION offers financial and developmental support to faculty members and researchers for transforming prototype-ready medical devices into market-ready solutions.
- Funding amount
- ₹1.5Cr (grant)
- Funding type
- Grant
- Provider
- IITI DRISHTI CPS Foundation (Academic)
- Application deadline
- 31 Jul 2026
- Eligible stage
- Any stage
- Location
- Open to startups registered in India
Overview
The Lab-to-Market (L2M) Program is run by IITI DRISHTI CPS Foundation at IIT Indore. It helps turn prototype-ready medical devices into commercially viable products. Many academic projects stall after reaching a proof-of-concept stage (TRL 6 or higher), unable to cross the gap between the lab and the market. The L2M program provides funding, technology development support, IP protection, and commercialization assistance to overcome these hurdles.
IITI DRISHTI CPS Foundation is a Technology Translation Research Park (TTRP) under the National Mission on Interdisciplinary Cyber Physical Systems (NM-ICPS), coordinated by the Department of Science and Technology (DST), Government of India. The Foundation specializes in Digital Healthcare. The L2M program identifies high-potential medical device prototypes and fast-tracks them to market readiness, fostering an ecosystem where innovative technologies can adapt to market needs and ultimately benefit society.
Highlights
- Funding up to ₹1.5 crore
- Focus on Medical Device Development
- Open to faculty and researchers across India
- Support for IP, commercialization & startup creation
- TRL 6+ prototype-ready technologies
- Rolling applications until July 2026
- 1-year project duration, extendable to 15 months
Who can apply
The L2M program is open to faculty members and researchers from academic, research, and medical institutes across India. Applicants must be working on prototype-ready healthcare technologies with a Technology Readiness Level (TRL) of 6 or above, where a proof-of-concept is already established. The Principal Investigator (PI) must be an affiliate member of IITI DRISHTI CPS Foundation. Projects should show clarity about market size, competitors, and strong potential for patenting, real-life applications, and commercialization. Preference is given to projects that have startup registration or a clear path to forming one. Co-PIs are allowed but must also be affiliate members. Proposals need endorsement from the host institution.
LAB TO MARKET (L2M) PROGRAM (Medical Device Development & Validation) is open to startups at any stage. It is open to startups registered anywhere in India.
- Eligible stage
- Any stage
- Location
- Open to startups registered in India
Deadline & timing
Applications for LAB TO MARKET (L2M) PROGRAM (Medical Device Development & Validation) are open and the current deadline is 31 Jul 2026. Applications are closing soon, so prepare your documents early. Deadlines can change — always reconfirm on the official source before submitting.
What the funding covers
The LAB TO MARKET (L2M) Program provides financial support of up to ₹150 Lakhs (₹1.5 Crore) for selected projects. This grant can be used for technology enhancement, product development, and commercialization activities. The program also offers assistance for Intellectual Property Rights (IPR) protection, technology licensing, and commercialization. Participants get entrepreneurship and startup support, including guidance on market requirements and invention validation. Access to a vibrant technology translation ecosystem helps smooth the journey from lab to market.
About the provider
LAB TO MARKET (L2M) PROGRAM (Medical Device Development & Validation) is offered by IITI DRISHTI CPS Foundation, an academic institution. It is delivered directly by IITI DRISHTI CPS Foundation as a grant. You can verify current details and timelines on the provider's official website before applying.
How to apply
Applications are submitted on the official portal. Confirm the current deadline and document checklist there before you start.
Selection process
Applications are initially screened based on fit with DRISHTI CPS Foundation's mandate, innovation novelty, estimated market size, and time-to-market. Shortlisted applicants are invited to present and demonstrate their prototype to an expert panel (online or offline). This technical presentation assesses technical depth, feasibility, and potential. Proposals then go to an External Investment Committee (EIC) of academic and industry experts who evaluate commercialization potential and recommend the funding amount. A final documentation and compliance check precedes the results announcement.
Documents you’ll need
Before you apply to LAB TO MARKET (L2M) PROGRAM (Medical Device Development & Validation), keep the following documents ready:
- A pitch deck or short business plan describing the problem, product and traction
- Company registration documents and PAN
- Founder identification (PAN / Aadhaar) and brief profiles
- Recent financial statements or projections
- Product details — a demo, prototype or working link if available
Exact requirements are confirmed on the official application portal — treat this as a preparation checklist.
Who this is best for
LAB TO MARKET (L2M) PROGRAM (Medical Device Development & Validation) is best suited for startups in India seeking non-dilutive funding of ₹1.5Cr. If that describes your startup, review the eligibility criteria above before applying.
Frequently asked questions
What is the maximum funding amount?
Selected projects may receive financial support of up to ₹150 Lakhs (₹1.5 Crore). The exact amount is determined by the External Investment Committee (EIC) based on project merit and requirements.
What is the application deadline?
Applications are open until 31st July 2026. They will be reviewed regularly even before the final deadline, so early submission is encouraged.
Who is eligible to apply?
Faculty members and researchers from academic, research, and medical institutes across India can apply. The Principal Investigator must be an affiliate member of IITI DRISHTI CPS Foundation. Projects should have a prototype at TRL 6 or above.
Does the program take equity?
No, the L2M program provides a grant, not equity funding. The support is non-dilutive.
What are the key focus areas?
The program focuses on Cyber-Physical Systems (CPS) in Digital Healthcare, specifically Medical Devices & Smart Healthcare Systems, Wearables & Continuous Monitoring Technologies, Sensors & Patient Data Acquisition Systems, and Point-of-Care Diagnostics.
What documents are required to apply?
You need to submit a project proposal (endorsed by your host institution) and a presentation in the format specified in the online application form. The form is available at the provided application URL.
What is the project duration?
The initial project duration is 1 year, extendable by up to 3 months, for a maximum of 15 months total.
Is DPIIT or MSME registration required?
No, DPIIT or MSME registration is not required for eligibility. However, preference is given to projects with startup registration or potential for commercialization.
How are projects selected?
Selection involves initial screening, prototype demonstration to an expert panel, and review by an External Investment Committee (EIC) that evaluates commercialization potential and recommends funding.
Can I have a Co-Principal Investigator?
Yes, a Co-PI is allowed as long as they are also an affiliate member of IITI DRISHTI CPS Foundation.
Who offers LAB TO MARKET (L2M) PROGRAM (Medical Device Development & Validation)?
LAB TO MARKET (L2M) PROGRAM (Medical Device Development & Validation) is offered by IITI DRISHTI CPS Foundation, an academic institution. It is provided as non-dilutive funding.
How do I apply for LAB TO MARKET (L2M) PROGRAM (Medical Device Development & Validation)?
Apply directly through the official application link on this page. Review the eligibility criteria and prepare your startup documents before you begin.
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