A Centre for Healthcare Entrepreneurship, aimed at promoting innovation and entrepreneurship in healthcare, was inaugurated at IIT, Hyderabad by Minister for IT and Panchayat Raj, Telangana, K. T. Rama Rao here on Thursday. The Centre will operate with a physical office and research facilities within IIT Hyderabad’s campus.
Apart from being an incubator, the new facility will also have a complete program to identify and groom entrepreneurs, and mentoring them all the way to productization, scaling and eventual social adoption and impact, a statement said. The facility will be headed by Head of Department of Biomedical Engineering, IIT, Hyderabad, Renu John.
The facility is aimed to catalyze ‘bio innovation’ with a unique focus of enabling creative solutions to pragmatically address some of the unmet healthcare needs of India’s less advantaged. The facility also hopes to jump-start an effort that trains entrepreneurs to deliver a pipeline of cost-efficient solutions’, Renu John said.
Congratulated IIT Hyderabad, Mr. Rao said: “We welcome IIT-H to work with Telangana government in setting up entrepreneurship opportunities in the areas of IT, aerospace and healthcare.” .