STPI MedTech CoE: Pioneering India’s Health-Tech Revolution
The Software Technology Parks of India (STPI) has launched a MedTech Centre of Entrepreneurship (CoE) to revolutionize India’s healthcare landscape. This initiative is transforming the country’s healthcare ecosystem by fostering innovation, supporting local startups, and addressing critical medical challenges.
Envisioned to support health-tech startups in developing groundbreaking, cost-effective solutions, MedTech CoE provides a comprehensive incubation environment. This includes state-of-the-art infrastructure, advanced IoT and Medi labs, dedicated clinical mentorship, business guidance, regulatory assistance, and access to investors and funding schemes.
The STPI MedTech CoE was set up in Lucknow in collaboration with key stakeholders, including the Department of IT and Electronics, Government of UP, SGPGI Lucknow, Association of Medical Device Industry (AIMED), and Andhra Pradesh MedTech Zone (AMTZ).
The MedTech CoE is driving innovation in various areas, including AI-powered diagnostics, non-invasive medical devices, telemedicine, and emergency healthcare solutions. Several startups incubated under this initiative have made significant strides in their respective fields.
For instance, Arficus Pvt Ltd has developed MEDHINI, the world’s first generative AI-based Software as a Medical Device (SaMD). Dectrocel Healthcare has introduced an affordable AI-powered pulmonary disease detection system. ONELearning Edusphere Pvt Ltd has created India’s first simulation-based healthcare training platform, while Manodayam Pvt Ltd has pioneered an AI-powered acoustic-based detection system for mental health conditions.
Other notable innovations include Medblue Innovations Pvt Ltd’s non-invasive bilirubin monitoring device for neonates, BiliSURE, and Sukrati MedTech Pvt Ltd’s advanced laryngoscope with an in-built suction module. Amrit Meditech Pvt Ltd is working on an affordable, compact pulmonary disease detection system.
The MedTech CoE is not just an incubator; it’s a catalyst for change and a launchpad for healthcare startups driving India’s self-reliance in medical technology. It supports collaborations between startups and institutions like AIIMS, Tata Memorial Cancer Hospital, and international accelerators, providing startups with the exposure and mentorship needed to expand.
With strong government support and a growing innovation ecosystem, these startups are helping realize the vision of a Viksit Bharat by transforming healthcare and enabling India to lead on the world stage in medical technology.
