OJAS PEP Program is for scientists completing their Ph.D.s, MBBS Graduates, MS Doctors, Post Graduates with experience in research and wanting to pursue an entrepreneurial career. The program offers post-doctoral training focused on building a solution (device, app, digital tool) to address problems in disease detection, diagnosis, prevention, treatment, monitoring or wellness.
The scientist will need to select a professor from IIIT, who will guide the work. The Ph.D. supervisor of the candidate can also be a collaborator for the project, if the product idea is based on the candidate’s thesis work. A stipend will be provided for 12 months, and can be extended to another 12 months.
At the end of this period, the scientist is expected to incorporate a company and take the product forward. Seed funding up to Rs 25 lakhs will be available to the company upon incorporation. In parallel, the entrepreneur will have access to a network of investors through Ojas, to raise equity capital.