SISFS

August 20, 2025

FinXcelerator

August 20, 2025

Samvardhan

Samvardhan is a 6-month healthcare hardware accelerator offering ₹10 lakh funding, design mentorship, and BIRAC-backed support to scale prototypes into market-ready products.

Program Overview

We are currently working with Cohort 2 startups from April-Sept/Oct 2026 and Cohort 3 applications will be launched in Dec’26. 

Name:

Samvardhan Design Accelerator

Funding agency:

Birla Carbon & Aditya Birla Capital

Period active:

2025 to present

Total funding deployed:

₹80Lakhs

Cohorts run:

1

Start-ups supported:

08

What The Program Did

Samvardhan is a 6-month, design-focused accelerator program for hardware healthcare startups, co-created by PIEDS (BITS Pilani) and Studio Carbon. It aims to move medical prototypes to market-ready products, providing ₹10 Lakhs in funding, 100+ hours of design consultations, intensive design sprint at Studio Carbon's Gandhinagar office and demo day. 

Program Structure

  • Duration: 6 months.
  • Eligibility:Medical Device Startups
  • Selection Criteria:
  • Prototype ready
  • Revenue potential required.
  • Cohort Size: 2-4 startups, each receiving INR 10 lakhs.
  • Equity Terms: 2% equity for funding (1% each to Studio Carbon and PIEDS).
  • Metrics: Launch of Improved Product Version

Outcomes & Impact:

  • Capital deployed: ₹80 Lakhs across 8 startups
  • Follow-on capital raised by cohort:
  • Jobs created: 30+
  • Patents filed: 2 patents filed, 6 under process
  • Revenue generated by portfolio: ~₹7 Lakhs
  • Notable graduations / exits: Nil

Portfolio Companies Supported

Pathscan Technologies Pvt Ltd

Medtech

Cohort: 1

PeaceinPaces Pvt Ltd (Yura Health)

Medtech

Cohort: 1

Aparoks Tech Pvt Ltd

Medtech

Cohort: 1

Arovya Labs Pvt Ltd

Medtech

Cohort: 1

Medblue Innovations Pvt Ltd

Medtech

Cohort: 1

Suksma Medtech Pvt. Ltd.

Medtech

Cohort: 1

Oralvis Healthcare Pvt Ltd

Medtech

Cohort: 2

Zenovocare Technologies Pvt Ltd

Medtech

Cohort: 2

Cohort Timeline

Cohort 1 (2025) — 6 startups

  • Cohort 1 (2025) — 6 startups
  • Jan-Feb: Applications launched and screening
  • March: Onboarding
  • April: Design Sprint
  • May to October: Mentoring & Consultation
  • October: Demo Day

Cohort 2 (2026) — 2 startups

  • Jan-Feb: Applications launched and screening
  • March: Onboarding
  • April: Design Sprint
  • May to October: Mentoring & Consultation
  • October: Demo Day

Funding & Partners

Design Studio partner supporting the startups with industrial design, Visual communication and UI/UX for the medtech products.
Birla Carbon supported first cohort of 6 startups with 10L funding each, leading to a 60L grant
ABCF supported second cohort of 2 startups with 10L funding each, leading to a 20L grant

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    Program Mentor

    Prof. Kumar Sankar Bhattacharya

    Member

    Prof. Vinay Chamola

    Member

    Prof. Revendranath Tirumalsety

    Member

    Prof. Banasri Roy

    Member

    Prof. Anupama Mittal

    Member

    Prof. Sanket Goel

    Member

    Prof. Kuldip Singh Sangwan

    Member

    Mr. Satyen Sharma

    Treasurer

    Mr. Arun Khetan

    Executive Member