Newly launched medtech software park in Lucknow aims for Rs. 10,000 cr market creation

The soft launch also introduced an Open Challenge Programme, to encourage startups focused on MediElectronics, health informatics, health tech and IoT to showcase their innovation mettle and transform ideas into ground-breaking products

Amid the clarion call given by the Hon’ble PM in the wake of the COVID-19 pandemic to become  Atmanirbhar  (self-reliant), the Software Technology Parks of India (STPI) recently soft launched MedTech – A Center of Excellence in Lucknow to promote research and startups in the fields of medical electronics and health informatics. STPI also introduced an Open Challenge Programme.

The MedTech CoE, Lucknow is being set up by STPI and MeitY in collaboration with Sanjay Gandhi Post Graduate Institute of Medical Sciences (SGPGI), Lucknow, Department of IT & Electronics (Govt. of UP), Association of Indian Medical Device Industry (AiMED) & Andhra Pradesh MedTech Zone (AMTZ).

The Open Challenge Programme  aims to encourage startups focused on MediElectronics, health informatics, health tech and IoT to showcase their innovation mettle and transform ideas into ground-breaking products.

According to a release, the Centre of Excellence (CoE) spread over a built-up area of 18,000 sq ft and costing Rs. 22 crores, will nurture 50 startups over a period of five years, stimulating R&D in medical electronics and health informatics while facilitating an entrepreneurial ecosystem to promote young innovators to create affordable, high-quality indigenous medical products, drive employment and contribute to the economy. The medtech software park is reportedly aiming for Rs. 10,000 crore market creation.

The soft-launch of MedTech CoE and Open Challenge Programme was done by Jyoti Arora, Special Secretary and Financial Advisor, MeitY-Govt of India, and Dr Omkar Rai, Director General, STPI.

“This CoE will promote research and innovation and help create innovative products in the medical electronics domain. This CoE will make a lot of difference on the ground and meet the expectations of India at large in the Medical sector. The initiatives taken by STPI will help nurturing start-ups, promoting innovations and entrepreneurship, eventually making India self-reliant ,” said Dr Rai while delivering the keynote address on the launch of MedTech CoE.

“Aatmanirbhar Bharat is aiming at fostering entrepreneurship, nurturing innovation and creation of an ecosystem for rural-urban symbiotic development. MedTech will build a robust ecosystem to harness emerging technologies, foster R&D and innovation and nurture start-ups. There are also massive opportunities for healthcare sector in tele- consultation, AI-based diagnostics and remote healthcare management. India has shown its capability of rapid product development during the #COVID19 pandemic and it has a strong hold in the IT domain, we can build sophisticated software products in the healthcare domain,” stated Rajiv Nath, Forum Coordinator, AiMED

 “We need to be very agile in developing products and launching in the market and this CoE will play a key role in this segment. This medtech incubator will play a great role in allowing people to do business of science in a very ethical manner,” said Dr Jitendar Sharma, CEO, c & Co-Chief Mentor of STPI MedTech.

 “Uttar Pradesh government is promoting medical electronics in a big way and we are launching a new policy very soon,” said Rishirendra Kumar, Special Secretary, IT & Electronics, Govt. of UP.

Other dignitaries who were part of the soft launch included R K Dhiman, Director- SGPGI-Lucknow, Rajneesh Agrawal, Director STPI Noida and Subodh Sachan, Director, STPI HQ.

AIMEDAtmanirbhar BharatDr Jitendar SharmaDr Omkar RaiJyoti Arora MeitY-Govt of IndiaMedTech CoE LucknowRajiv NathRishirendra KumarSoftware Technology Parks of India
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