Chennai:GE Healthcare, the $18-billion healthcare business of General Electric Company, and Healthcare Technology Innovation Centre (HTIC), a multi-disciplinary R&D centre at IIT-Madras, have come together to develop a range of affordable healthcare solutions.
The three-year collaborative research and development initiative would address the needs in the areas of mother and child health, cardiology and cancer, a statement from GE Healthcare said.
GE will provide a grant of Rs 75 lakh to HTIC towards research and development of these solutions for emerging markets. "The collaboration will encourage open innovation and leverage co-creation of solutions with the involvement of multiple stakeholders such as academia, startups, governments, NGOs and clinicians to achieve these goals," the statement said.
"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," Terri Bresenham, president & CEO, GE Healthcare, South Asia, said.
"We believe that a collaborative ecosystem is essential for innovative and disruptive solutions for affordable and accessible healthcare. HTIC today 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," Mohanasankar Sivaprakasam, head, Healthcare Technology Innovation Centre, IIT-Madras, said.
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