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GE Healthcare & IIT Madras ink 3-year R&D pact to accelerate innovation for a healthier India

Our Bureau, Bengaluru
Tuesday, January 28, 2014, 16:45 Hrs  [IST]

GE Healthcare, the US$ 18 billion healthcare business of General Electric Company and Healthcare Technology Innovation Centre (HTIC), a multi-disciplinary R&D centre of IIT Chennai have entered into a three-year collaborative research and development agreement for innovating a range of disruptive and affordable healthcare solutions. GE will provide a grant of Rs.75 lakh to HTIC towards research and development of these disruptive solutions that can benefit all emerging markets.

This initiative will address the unmet and unvoiced needs in the areas of mother and child health, cardiology and cancer. The collaboration will encourage “open innovation” and leverage co-creation of solutions with the involvement of multiple stakeholders such as academia, start-ups, governments, NGOs and clinicians to achieve these goals.

Commenting on the partnership, Terri Bresenham, president & CEO, GE Healthcare, South Asia, said, “We at GE Healthcare are at work for a healthier India through development of innovative and affordable technology solutions. Accelerating innovation for affordable healthcare requires an ecosystem of partners and collaborative efforts by all stakeholders. We firmly believe that the ideas and innovations developed by the next generation of researchers will be an added benefit to the healthcare ecosystem. This collaboration between HTIC and GE Healthcare will bring together start-up dynamism and corporate scalability to healthcare innovations while putting the unserved customer at the centre of healthcare innovation.”

“We believe that a collaborative ecosystem is essential for innovative and disruptive solutions for affordable and accessible healthcare.  HTIC anchors a dynamic med-tech innovation ecosystem of healthcare institutions, industry and government agencies in pursuit of delivering high impact healthcare technologies. We are pleased to join hands with GE Healthcare, and together look forward to develop a pool of affordable and accessible technologies and solutions that create large impact in healthcare in India, and the world,” said Dr Mohanasankar Sivaprakasam, head, Healthcare Technology Innovation Centre, IIT-Chennai.

“IIT Madras is proud that HTIC is partnering with GE Healthcare to address the challenges of unmet healthcare needs in India and other similar emerging economies. We need to take a completely new approach to screening, diagnosis and treatment in order to make healthcare affordable and universally accessible,” said Prof. Bhaskar Ramamurthi, director, IIT Chennai.

“Last year, during a very brief visit to the HTIC research park, we were impressed with the work and caliber of the organization. The  partnership will allow to bring out the total potential of the joint work in the healthcare segment,” said, Gopichand Katragadda, managing director, John F Welch Technology Centre.

 

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