Piramal Prize

The Piramal Prize seeks to enable cutting-edge entrepreneurial ideas that bring the highest standards of health to India’s masses. Entries, for-profit or not-for-profit, should emphasize both profitablity/sustainability and maximum social impact. The most viable business model will receive INR 10,00,000 (10 Lakh / 1 million) in seed funding in addition to potential venture capital.
The Piramal Prize evaluation process involves three stages: The first stage requires teams to outline the problem being addressed, the nature of the innovation(s), and design of the enterprise. After submission, stage one entries will be viewable to the public on our website and will be open to comments and suggestions. Additionally, stage one entries may be modified by entrants until the submission deadline of April 1st, 2008. The second stage requires semi-finalists to submit detailed business plans and financial projections; the third stage invites five finalists to the Piramal Prize weekend at IIM-Ahmedabad in June 2008.
Entrance Requirements: Plans must directly or indirectly address the health crisis in India. Entries may be for-profit or not-for-profit, and should be sustainable business models that have a significant social impact. Applicants may enter as a team, with a maximum of three members. All participants must be over the age of 18.