IIT-Madras is partnering with GE Health Care to develop affordable medical technologies in the areas of cardiovascular care, oncology and maternal and child healthcare. The three-year project will identify, assess and evaluate appropriate technology solutions and then, create equipment accordingly.
Addressing a press meet, Mohanasankar Sivaprakasam, Head, Healthcare Technology Innovation Centre (HTIC), IIT-Madras, said that GE will provide a Rs. 75 lakh grant towards research and development of solutions.
He said that the two organisations were looking forward to developing a pool of affordable and accessible technologies and solutions that create a substantial impact on healthcare in India and the world.
Vikram Damodaran of GE Health Care said that HTIC will identify the requirements, for instance, an affordable warmer or incubator and also the environment in which the product would be positioned.
Business modelsShyam Rajan of GE Health Care said the company will provide its business and marketing experience to take the innovation both inside and outside the country. “It is very important to assess a business model by which you can take an innovation to the people,” he said.
