Thursday, 02 April 2020

Telangana Govt accelerates indigenous medtech innovations

20 February 2020 | News

The Government of Telangana joins hands with MedTechConnect

In order to provide a platform which can enable aspiring entrepreneurs to test their innovative ideas in the field of medical technologies, The Government of Telangana and MedTechConnect, a platform founded by Cyient and Xynteo's India2022 coalition have joined hands together to launch a new initiative called Project Tej.

As part of BioAsia 2020, Asia's largest Biotechnology and Life-sciences forum, Telangana State's Research and Innovation Circle of Hyderabad (RICH) and MedTechConnect have signed a Memorandum of Understanding (MoU) in an endeavour to accelerate and support the indigenous innovations in medical technologies.

The primary focus of Project Tej is to:

  1. Launch testbeds for large scale clinical validation, usability assessment, and business model evaluation in real-world clinical settings for late-stage medical technologies
  2. Provide structured mentoring from the industry on design, manufacturing, and commercial access
  3. Facilitate market access to validated technologies in public and private healthcare channels.

Through Project Tej, medical technology innovators and device manufacturers can validate the usability of their devices in public health settings and gain access to public health channels. Project Tej testbeds will complement Telangana state's infrastructure projects, which include the Telangana MedTech Park and ensure that Telangana becomes a favorable destination for MedTech investments. "Telangana state is now synonymous with innovation and technology. With this initiative, we want to use the expertise available in the state to ensure ground-breaking medical technologies can deliver quality healthcare for all," says Ajit Rangnekar, Director General, RICH.

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