SCTIMST TIMed

What SCTIMST TIMed does

SCTIMST-TIMed is a not-for-profit Technology Business Incubator focused exclusively on medical devices and biomaterials, established on 16 May 2015 within the Biomedical Technology Wing of Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST), an Institute of National Importance created by Act of Indian Parliament, in Thiruvananthapuram, Kerala. It is India's first dedicated medtech incubator and operates with a lean team of 16 employees, currently hosting eight incubatees developing products including oral/cervical cancer screening devices (Sascan Meditech), telemedicine carts (Mobilexion), smart infusion monitors (Evelabs), advanced wound care biomaterials (Alicorn Medical), and biosensor platforms (Indriyam Biologics).

The incubator's service stack comprises four lines: (1) technology business incubation with up to 36-month tenure, providing business and technical mentorship; (2) the NIDHI PRAYAS pre-incubation program offering proof-of-concept grants to idea-stage innovators; (3) NIDHI SSS seed funding disbursement under the Department of Science & Technology's National Initiative for Developing and Harnessing Innovations; and (4) TIPS@TIMed, a Regional Technology Transfer Office under the National Biopharma Mission/BIRAC providing IPR services, technology transfer, and industry linkages. Underlying technical assets include access to SCTIMST's analytical characterization facilities (HPLC, LCMS, GC, TGA, DTA, UV, FTIR, FT Raman, AFM, TEM, SEM, ESEM, Confocal, Optical and Projection stereo microscopes), biological evaluation services, and large animal experiment capabilities.

Revenue is generated through professional services — incubation fees, seed fund management under DST grants, and TIPS service charges — though the entity operates as a not-for-profit with any surplus reinvested into operations. Its parent institution SCTIMST is a statutory body, and key strategic partners include DST, BIRAC, Kerala Start Up Mission, KSIDC, KTU, TiE Kerala, AIMED, HLL Lifecare, and Terumo Penpol. Quantifiable legacy outcomes include the TTK Chitra Heart Valve (100,000+ implants globally) and blood bag technology (70M+ units/year via licensees), demonstrating the parent institution's long-demonstrated medtech translation capability that TIMed extends to early-stage ventures.

Name

SCTIMST TIMed

Legal name

SCTIMST TIMed

Website

https://timed.org.in

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

SCTIMST-TIMed is India's first dedicated Technology Business Incubator for medical devices and biomaterials, hosted within SCTIMST in Thiruvananthapuram. It provides incubation, seed funding, and technology transfer services to early-stage medtech startups, currently supporting eight incubatees.

Ownership category

akta.pro rank

Product category

Medical Device Incubation Services

NAICS

Scientific Research and Development Services (5417), Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology) (541715), Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (3345)

SIC

Services-Testing Laboratories (8734), Services-Commercial Physical & Biological Research (8731)

akta.pro primary industry

Process Development & Tech Transfer Services (CDMO) (HLAGABAL)

akta.pro secondary industry

Analytical Development & QC Testing (Release/Stability/Potency) (HLAGAGAF)

Keywords

• Medical device incubation
• Biomaterials technology
• Healthcare innovation
• Medtech entrepreneurship
• Startup incubation services

Headquarters

HQ city

Trivandrum

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D

Revenue model

1. Incubation Services: TIMed provides incubation facilities and services to startups in medical devices and biomaterials sector. Revenue is generated through rental facilities, access to analytical characterization equipment, testing services, and business/technical mentorship. As a not-for-profit Technology Business Incubator, any surplus is reinvested into incubator operations.
2. Seed Fund Management: TIMed manages the NIDHI SSS (Seed Support System) program from Department of Science & Technology, providing early-stage funding to incubatee startups. While this is primarily a government scheme, TIMed's role in managing and disbursing seed funds contributes to its operational model.
3. Technology Transfer Services (TIPS): TIPS@TIMed operates as a Regional Technology Transfer Office (TTO) under National Biopharma Mission/BIRAC. Services include IPR services, technology transfer, industry linkages, spinoff/startup support, collaborations and sponsored research, and training/workshops - with service charges for various activities.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

SCTIMST TIMed is a not-for-profit Technology Business Incubator (TBI) that nurtures startups and SMEs in medical devices, biomaterials, and healthcare technology. It provides physical incubation space, access to advanced analytical and fabrication infrastructure at SCTIMST, mentorship from clinicians and scientists, and facilitates seed funding through India's NIDHI programs (PRAYAS and SSS). It also offers Technology Transfer and Intellectual Property Services (TIPS) to help innovators commercialize biomedical inventions.

Product overview

TIMed is a Technology Business Incubator (TBI) for Medical Devices and Biomaterials, promoted by Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST). Rather than offering a unified product platform, TIMed provides a portfolio of incubation services including mentorship, infrastructure access, and funding programs (NIDHI PRAYAS for pre-incubation and NIDHI SSS for seed funding). The incubator supports portfolio companies developing medical devices such as the UMACS telemedicine cart (by Mobilexion), DRIPO infusion monitor (by Evelabs), oral/cervical cancer screening devices (by Sascan), and advanced wound care solutions (by Alicorn Medical). Additionally, TIPS provides technology transfer and IPR services regionally under the National Biopharma Mission.

Differentiator

Problem solved

Functional benefit

Products and services

• Medical Device and Biomaterials Incubation Services End-to-end incubation offering for medical device and biomaterials startups, including physical workspace, access to SCTIMST analytical characterization facilities, mentorship from clinicians and scientists, and ecosystem support from concept through commercialization.
• NIDHI Seed Support System (NIDHI SSS) Seed-stage funding program for resident and qualifying startups, managed by TIMed under India's NIDHI Seed Support System framework for translating prototypes into market-ready products.
• NIDHI PRAYAS Program Prototype development grant support for individual innovators and early-stage startups working on medical device and biomaterial innovations, provided under the government NIDHI PRAYAS scheme.
• Technology Transfer and Intellectual Property Services (TIPS) Dedicated Technology Transfer Office providing IP protection, patent prosecution support, licensing, and commercialization guidance for biomedical inventions developed at SCTIMST or by associated innovators.

Quantifiable outcome

• Over 100,000 mechanical heart valves implanted - world's most affordable valve
• +3 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core and minor.

• Kerala Start Up Mission (KSUM)coreStrategic or Co-development PartnerMoU signed between KSUM and TIMed. KSUM is the government body tasked with creating a startup ecosystem in Kerala. Partnership supports health hackathons, co-funding initiatives, and ecosystem development for medtech startups in Kerala.
• TiE KeralacoreStrategic or Co-development PartnerMoU signed between SCTIMST-TIMed and TiE Kerala. TiE is a global entrepreneurship organization that supports entrepreneurs. Partnership likely involves mentorship, networking, and GTM support for incubatees.
• AIMEDminorStrategic or Co-development PartnerMoU signed between SCTIMST-TIMed and AIMED. AIMED is an association for medical devices. Partnership may provide industry linkages and regulatory guidance.
• Kerala State Industrial Development Corporation (KSIDC)coreStrategic or Co-development PartnerKSIDC is one of the partner institutions supporting TIMed. As a government industrial development corporation, KSIDC provides strategic support for commercialization and industrial development of incubated technologies.
• Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST)coreStrategic or Co-development PartnerTIMed is initiated by SCTIMST, an Institute of National Importance created by Act of Parliament. SCTIMST provides the host institution infrastructure including hospital, BMT Wing, and academic departments. TIMed operates within the Biomedical Technology Wing campus.
• APJ Abdul Kalam Technological University (KTU)minorStrategic or Co-development PartnerTIMed is one of five incubators empanelled by KTU to provide KTU-Minor in Entrepreneurship Program. Targeted at students interested in entrepreneurial activities. Students can earn additional 12 credits through 3-4 courses.
• HLL Lifecare LtdminorStrategic or Co-development PartnerHLL Lifecare is a prominent medical device industry partner of SCTIMST. They have commercialized blood bags and other SCTIMST technologies. Located in Trivandrum area.
• Terumo Penpol LtdminorStrategic or Co-development PartnerTerumo Penpol is a major medical device manufacturer located in Trivandrum. Commercialized blood bags technology from SCTIMST. Now one of world's largest blood bag manufacturers with over 70 million units globally per year.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• KIIT Technology Business Incubator (KIIT-TBI): KIIT-TBI is a Bhubaneswar-based academic TBI supporting science and technology startups including healthcare. It is a comparable Indian academic-anchored incubator with similar NIDHI/BIRAC funding patterns.
• Bangalore Bioinnovation Centre (BBC): BBC is a Karnataka state-supported bioincubator focused on biotech, medical devices and diagnostics startups with wet-lab infrastructure and seed funding. It overlaps directly with TIMed's medical-device incubation mandate.
• IKP Knowledge Park: IKP Knowledge Park is a Hyderabad-based life-sciences research park and incubator supporting startups in medtech, biotech and pharma. It is a relevant Indian comparator for incubation infrastructure and industry linkages.
• Venture Center / CSIR-NCL: Venture Center is a technology business incubator hosted at CSIR-NCL Pune supporting science-based startups including medtech and biotech. Its hosting within a national scientific institute mirrors TIMed's SCTIMST-anchored model.
• Centre for Cellular and Molecular Platforms (C-CAMP): C-CAMP is a Bangalore-based life-sciences innovation hub that hosts biotech and medtech startups with incubation, mentorship and funding support. It is one of the most prominent Indian bio-incubators and the closest direct comparator to TIMed in terms of medtech/life-sciences focus.
• Society for Innovation and Entrepreneurship (SINE), IIT Bombay: SINE is the technology business incubator of IIT Bombay supporting deep-tech and healthcare startups with seed funding, lab access and mentorship. It is a comparable Indian academic-anchored TBI accepting medtech founders.
• Healthcare Technology Innovation Centre (HTIC), IIT Madras: HTIC is a multi-disciplinary R&D and incubation centre at IIT Madras developing and commercializing medical devices and digital health technologies. It directly overlaps with TIMed's medical-device and biomaterials charter.

Broad incumbents

• Atal Innovation Mission (AIM), NITI Aayog: AIM is the Government of India's flagship innovation and entrepreneurship initiative supporting Atal Incubation Centres across sectors including health. It sets the broader policy and funding umbrella within which TBIs like TIMed operate.
• BIRAC (Biotechnology Industry Research Assistance Council): BIRAC is a Government of India enterprise under DBT that funds and supports the biotech and medtech startup ecosystem nationally. TIMed is itself a recipient of BIRAC funding (NIDHI SSS, BIG, TTO), making BIRAC a funder/incumbent rather than a direct competitor.

Regional players

• MedTech Innovator: MedTech Innovator is the largest global accelerator for medical device and digital health startups, based in the US. While geographically distant from TIMed, it is comparable in its exclusive medtech accelerator mandate and structured mentoring model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/sctimst.timed
• LinkedInlinkedin.com/company/sctimst-timed

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SCTIMST TIMed