Incubation Scheme
Lab to Market (L2M) Program – Medical Device Development & Validation
The Lab to Market (L2M) Program supports prototype-ready medical device innovations in India with grant funding of up to ₹1.5 crore, technical support, expert mentorship and validation assistance to accelerate the journey from laboratory innovation to market-ready healthcare solutions.
Lab to Market (L2M) Program is focused on accelerating the development and validation of innovative medical devices and bridging the gap between promising laboratory prototypes and market-ready healthcare solutions.
The programme supports prototype-ready healthcare technologies with financial, technical and mentorship assistance, helping innovators strengthen their solutions, validate their technology and progress towards commercialisation.
Funding Support
The programme provides grant support of up to ₹1.5 Crore for eligible medical device development and validation activities. The funding is presented as a grant with no equity taken, subject to applicable programme guidelines, evaluation and approval.
Who Can Apply?
The programme is designed for:
Faculty members and researchers from academic institutions
Researchers from research institutions and medical institutes across India
Innovators working on prototype-ready healthcare technologies
Projects with TRL 6 or above, where proof of concept has been established
Principal Investigators affiliated with eligible institutions
Projects should demonstrate:
Clear understanding of the potential market size
Competitive landscape and market opportunity
Potential for patenting or intellectual property development
Real-life healthcare applications
Strong commercialisation potential
Ideally, supported innovations should have a pathway towards startup registration and commercialisation.
Key Focus
The programme aims to support the development and validation of medical devices, helping promising technologies transition from laboratory environments towards practical healthcare applications and market adoption.
Key Benefits
Financial Grant Support
Funding support of up to ₹1.5 Crore for eligible development and validation activities.
Expert Mentorship & Guidance
Access to technical and domain expertise to strengthen the innovation.
World-Class Infrastructure
Access to relevant infrastructure and technical capabilities for development and validation.
Accelerated Lab-to-Market Pathway
Support to move prototype-ready innovations towards market readiness.
Validation, Certification & IP Support
Assistance related to validation, certification and intellectual property development.
Network & Ecosystem Connect
Opportunities to connect with relevant healthcare, research and innovation ecosystems.
Programme Goal
The goal of the L2M Program is to foster an ecosystem where innovative medical technologies can successfully move from laboratory development to real-world implementation and commercialisation, ultimately contributing to improved healthcare outcomes.
Turn Innovation into Impact. Build Market-Ready Healthcare Solutions.
Our Process
From idea to execution, with clarity at every step
A practical, founder-friendly journey designed around your eligibility, documents and goals.
Understand
We learn about your venture, goals and current stage.
Assess
We review eligibility, opportunity and the right incubation route.
Prepare
We organise the application, business information and supporting documents.
Support
We guide submission, respond to requirements and follow up through the process.
Frequently Asked Questions
Incubation support, explained clearly
What does incubation support include?
We help founders understand the opportunity, assess eligibility, prepare supporting information, organise documents and stay on track during submission and follow-up.
Do I need an established business to apply?
Requirements differ by programme and founder stage. We review your idea, entity status and documents first, then explain the most suitable route.
Will FinGrow guarantee approval?
No. Approval is decided by the relevant authority or incubator. Our role is to improve clarity, readiness and process discipline.
Eligibility
Eligibility details can be reviewed by our advisory team based on your profile.
Benefits
Guidance on applicable benefits, subsidy support and documentation readiness.
Required Documents
Document requirements vary by scheme. Our team will share a precise checklist during consultation.
Send Scheme Inquiry
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