With a goal of creating an ecosystem to identify clinical needs & challenges and convert them into opportunities for innovative medical equipments, implants and devices, Stanford India Biodesign Programme, US Science and Technology Ministry & Ministry of science in India have announced a collaboration program to boost medical tech innovation in India.
The pillars of the program are
1. Center of innovation excellence at each of the IITs
2. Opportunity identification via active observation of patients by multi-disciplinary teams and
3. Design innovation orientation and training for faculty/involved personnel by Stanford University
This is a very interesting development. Academia driven innovation has been a key driver of US high performance entrepreneurial ecosystem. This also has been a critical missing link that India needs to create world class entrepreneurial successes.
A welcome development for Indian new venture ecosystem.
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