L.M. College of Pharmacy

Choosing the right programme

• For a pharma or healthcare startup with a working idea, apply to the AIC-LMCP incubation.
• For a student idea that is still early, the student innovation scheme and the innovation council are the entry points.

How applications work

• Fill in the Join as Incubatee form on the foundation's website.
• Write to admin@aiclmcp.org for general questions.

How selection works

• Proposals are evaluated, then selected, before an LoI or MoU is signed on the incubator's terms.
• Incubatees report progress against their business plan while they are in the programme.

What reviewers look for

• A fit with the incubator's pharmaceutical and healthcare focus areas.

AIC-LMCP Foundation is a non-profit Section 8 company that runs an incubator at L. M. College of Pharmacy in Navrangpura, Ahmedabad. It is one of the Atal Incubation Centres supported by the Atal Innovation Mission under NITI Aayog, and it focuses on pharmaceutical and healthcare startups. The college was founded in 1947 by Ahmedabad Education Society and is approved by AICTE and PCI.

How programmes work

Incubation runs as a stepped process: an application or proposal, evaluation, selection, a signed letter of intent or MoU on its terms, periodic progress reporting against the business plan, and graduation. The college also runs the Gujarat Student Start-up Innovation Policy scheme as a grantee nodal institution, which pre-incubates student ideas through proof of concept, prototype, product development and patenting. An innovation council set up in November 2018 runs ideation and prototype activity for students.

Who can apply

The incubator's focus areas include novel drug delivery systems, novel APIs, excipients, phytopharmaceuticals and nutraceuticals, tailor-made equipment and packaging, testing tools and medical devices, and healthcare tools and medicines. The student programmes are open to students of the college.

Facilities

The incubation facility covers about 12000 sq. ft and includes independent and co-working spaces. Instruments are available to incubatees, and the library offers SciFinder access for prior-art search.

Scale

The student innovation scheme reports that it has sanctioned about 84 student projects, of which 23 have reached the patent stage. These are self-reported figures on an undated page.

Who runs it

The foundation is governed by a governing board and an executive committee. College faculty coordinate the innovation council, and external experts from industry and investment sit on its committee.