This funding support will also provide an impetus towards CfHE’s efforts to achieve indigenisation of technology in this critical field, a statement said.
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The centre, a healthcare technology business incubator, aims to accelerate the development and adoption of breakthrough healthcare solutions to address unmet needs and improve patient outcomes.
“I am proud to be part of this vibrant ecosystem fostering innovation and entrepreneurship in the healthcare sector,” Kumar said in the statement. “The substantial investment will empower CfHE to expand its initiatives aimed at nurturing aspiring healthcare entrepreneurs, providing them with the resources, mentorship and networking opportunities necessary to translate innovative ideas into impactful solutions.”
Healthcare challenges are becoming increasingly complex and diverse, as was evident during the Covid-19 pandemic.
“This pledge not only represents a significant financial contribution but also exemplifies a shared commitment to driving positive change through innovation and entrepreneurship,” said Renu John, head of CfHE.
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B S Murty, director at IIT Hyderabad, said they envision the institute to be the cradle of innovations that touch the lives of millions and create a significant impact in the society. “Medical devices and diagnostics is one of the key areas of healthcare where a considerable gap exists in the supply of devices, trained workforce and indigenous development,” said Murty.“With a vision for Aatmanirbhar Bharat and Make in India, CfHE, IITH has taken bold steps in addressing this gap through focused programmes in medical devices, development of human resources and promotion of startups for indigenous development of medical devices and innovations,” Murty said.