Dr Mansukh Mandaviya, Union Minister of Health and Family Welfare along with Dr Bharti Pravin Pawar, Minister of State for Health and Family Welfare has launched the ICMR/ DHR Policy on Biomedical Innovation & Entrepreneurship for Medical Professionals, Scientists and Technologists at Medical, Dental, Para-Medical Institutes/Colleges. 

As per the policy, medical professionals/ doctors will be encouraged to pursue entrepreneurial ventures by forming startup companies, taking an adjunct position in the company - non-executive director or scientific advisor.

The doctors will also be permitted to undertake inter-institutional and industry projects alone or through companies, license technologies to business entities leading to commercialisation, revenue generation for self-sustenance and societal benefit.

The medical professionals will also be permitted to take up sabbatical for translational and commercialisation of their innovation through their start-up company set-up following the institute’s permission. 

The policy will promote interdisciplinary collaboration, innovation, technology development, skill development and foster entrepreneurship development and Make-in-India product development for societal benefit. DHR- ICMR formulated this policy in consultation with other government departments/ ministries/organisations such as DPIIT, DST, WIPO, DSIR, AIIMS, IIT Delhi etc.