Friday, May 3 2024 | Time 19:08 Hrs(IST)
image
Business EconomyPosted at: Apr 3 2024 6:03PM


T-Hub partners with Medtronic to drive health-tech innovation in Hyderabad

Hyderabad, Apr 3 (UNI) T-Hub, India's leading startup incubator, on Wednesday announced its strategic partnership with Medtronic, global leader in healthcare technology, headquartered in Dublin (Ireland) to drive health-tech innovation in Hyderabad.

This collaboration is anchored by Medtronic Engineering & Innovation Center (MEIC) in Hyderabad, which is also Medtronic’s largest R&D center outside of US, Hyderabad based T-hub said in a release here.
With this partnership, MEIC will foster industry collaborations and participate in events like CXO roundtables and innovation workshops to build thought leadership in health-tech R&D, thus ensuring deep immersion into the dynamic landscape of health-tech innovation.

T-Hub’s startups will also receive invaluable mentorship, sponsorship, and expert guidance from MEIC, propelling their ventures towards success. In addition, MEIC employees will also have the opportunity to participate in tailored entrepreneurship workshops curated by T-Hub.

The health-tech sector in India has witnessed exponential growth, boasting over 8,000 startups valued at approximately $2 billion and expanding at a staggering rate of almost 40 percent .

With the sector predicted to reach $5.5 billion by 2025, the partnership between T-Hub and Medtronic is poised to further accelerate this growth trajectory.

T- Hub CEO Mahankali Srinivas Rao, said, "We are confident that together, we will accelerate the growth and enhance the impact of health-tech startups, paving the way for a brighter and healthier future for all."
Commenting on the partnership, Divya Prakash Joshi, Vice President & Site Leader, MEIC said, "Through this strategic partnership with T-Hub, we aim to leverage our expertise and resources to empower health-tech startups in India, fostering a culture of innovation and driving sectoral growth.”

With 900+ engineers, MEIC currently supports many global business units of Medtronic by providing software engineering solutions and other engineering expertise in the areas of embedded and enterprise software, product security, data engineering, systems engineering, mechanical and hardware design, and quality & regulatory.

This collaboration is poised to significantly impact and advance the health-tech sector, fostering innovation and contributing to the growth of healthcare technology.
UNI KNR CS
Please log in to get detailed story.
Tags: #T-Hub partners with Medtronic to drive health-tech innovation in Hyderabad
More News
Rs 2000 banknotes continue to be legal tender; 97 76% returned till now: RBI

Rs 2000 banknotes continue to be legal tender; 97 76% returned till now: RBI

03 May 2024 | 6:48 PM

Mumbai, May 3 (UNI) The Government has received 97.76 percent of Rs 2000 currency notes as on April 30, 2024, the RBI said on Friday while adding that the banknotes continue to be legal tender.

see more..

RXIL TReDS surpasses Rs 1 lakh cr in invoice financing for MSMEs

03 May 2024 | 6:23 PM

Mumbai, May 3 (UNI) Receivables Exchange of India Limited (RXIL) Trade Receivables Discounting System (TReDS) has achieved a significant milestone, facilitating financing of over 50 lac invoices worth Rs one lakh crore since its inception, providing accessible working capital financing solutions to Micro, Small and Medium Enterprises (MSMEs) in India which play a pivotal role in driving economic growth and facilitating the nation's journey towards achieving a Rs five trillion economy.

see more..
Profit booking pulls market down nearly 1%

Profit booking pulls market down nearly 1%

03 May 2024 | 6:11 PM

Mumbai, May 3 (UNI) The stock market on Friday fell nearly one percent as the BSE sensex closed at 73878.15 points down by 732.96 points from previous close even as there were no negative surprises in the Q4 earnings of some of major companies.

see more..

Raymond Q4 profit jumps 18 pc to Rs 230 cr, revenue up 21 pc

03 May 2024 | 6:00 PM

New Delhi, May 3 (UNI) Raymond Ltd on Friday reported 17% year-on-year increase in its consolidated net profit at Rs 229.79 crore for January-March quarter (Q4) of financial year 2023-24.

see more..

Youva Stationery inspires creativity in Delhi through 'Vasudhaiva Kutumbakam’ art workshops

03 May 2024 | 5:35 PM

New Delhi, May 3 (UNI) Youva Stationery, under the banner of Navneet Education, recently concluded a series of transformative art workshops in Delhi, aimed at nurturing creativity and fostering a sense of unity among the youth.

see more..
image