The Software Technology Parks of India (STPI) will establish its centre of excellence in the field of medical electronics and health informatics which will in turn help startups in producing indigenous state of the art medical equipment.
The centre of excellence will be set up at Sanjay Gandhi Post-Graduate Institute of Medical Sciences (SGPGIMS) in Lucknow with an estimated budget of Rs 22 crore. Around 50 startups will be nurtured at this centre for a period of five years.
The core objective of this centre of excellence will be to strengthen the domestic manufacturing capability of reliable and affordable medical electronics products and services, thereby reducing dependencies on imports while contributing to the vision of government’s flagship programmes such as Make in India, Digital India and Startup India.
STPI Director General Dr Omkar Rai said this initiative would also stimulate the establishment and growth of technology-based startups in the field of medical electronics and health informatics by providing state of the art infrastructure, world-class laboratories, mentoring, marketing, funding and a much-needed ecosystem essential for their success and growth.
“MediTech CoE at Lucknow will build a robust ecosystem to harness emerging technologies, foster research and design (R&D) and innovation and nurture startups in the field of medical equipment/electronics and healthcare informatics to contribute to pioneering government initiatives such as Make in India and Digital India, while pushing the boundary of technologies in the healthcare domain,” he said.
“The STPI carries a massive legacy of transforming the Indian IT industry into a global software hub, and is now on the cusp of digital revolution, India needs to shift focus from services to software products to make India a product nation. The STPI CoEs are a pioneering initiative to accelerate tech startup movement in the country while focusing on R&D, innovation and IPR creation in the areas of emerging technologies,” he added.
The centre of excellence to be established by the STPI will also be creating an entrepreneurial ecosystem to promote young innovators and budding entrepreneurs of the region to build affordable high-quality indigenous medical products, drive employment generation and contribute to the economy of the region.