Naveen S Garewal
Tribune News Service
Hyderabad, August 11
The UK authorities and Andhra Pradesh MedTech Zone (AMTZ) have joined palms to steadiness out the hole between demand and provide of ventilators and important medical gear to struggle the COVID-19 pandemic.
Innovative Indian med-tech start-ups have been invited to use by finish of the month to be part of the brand new Rs 5.6 million manufacturing assist programme.
A press release of the British High Commission stated chosen start-ups can be hosted at AMTZ’s MediValley incubation centre, receiving monetary, technical and infrastructure assist essential to make their gear market-ready.
The programme is a part of a Memorandum of Understanding (MoU) signed just lately between the UK authorities and AMTZ.
The MoU goals to spice up med-tech collaboration between the 2 nations by creating direct analysis and growth linkages between UK corporations and AMTZ’s manufacturing and testing amenities, and to the broader Indian healthcare market.
UK High Commissioner Philip Barton stated, “COVID-19 impacts each human being on the planet and respects no border. The want for collaboration on science and innovation between nations has by no means been extra vital. The UK is already India’s second-biggest analysis accomplice, with joint analysis anticipated to be value £400 million by 2021.
“Last month, we announced five new projects to tackle anti-microbial resistance. I am delighted that this new med-tech programme takes our partnership even further. I look forward to seeing the life-saving solutions we can pioneer by bringing the best scientific minds from the UK and India together as a force for good in the world.”
Dr Jitendar Sharma, Managing Director and CEO, AMTZ stated: “AMTZ is happy to sign memorandum of understanding with the British High Commission for encouraging innovations in medical devices, particularly on those products that are necessary for fight against the global pandemic of Covid. Through this partnership, British High Commission and AMTZ aims to encourage a number of innovators and provide them with technical, technological, financial, entrepreneurial and strategic hand holding enabling them to leapfrog from idea to innovation and from a start-up to an established enterprise. This is with an aim to serve the global innovation community”
The name for partnership is open until August 31, 2020, for all Indian start-ups, MSMEs and innovators. This consists of these at prototype, growth, pilot, validation, early traction, and scaling levels. The utility type is accessible right here and additional particulars will be discovered on the AMTZ web site and British High Commission’s social media pages.
Selected start-ups can be primarily based in AIC-MediValley at AMTZ and they’ll have entry to the state-of-the-art infrastructure assist, technical steering from skilled mentors, home and worldwide sourcing assist, manufacturing scale-up assist for profitable start-ups, collaboration alternatives with the UK and Indian med-tech corporations.