TiMed will offer office and laboratory space and other facilities for taking forward this collaboration
Association of Indian Medical Device Industry (AIMED) has announced the launch of ‘UdaiMed', a new sunrise forum for collaborative interface between User, Developer, Academia, Industry and Medical Device Development in India.
The objective of this momentous milestone collaboration for academic-industry in India is to make on-campus research more aligned to medical device industry's needs and catalyze ‘Make-in-India' program.
To take forward this objective, AIMED and UdaiMed also signed its first MoU with TiMed(Technology Business Incubator), a not-for-profit registered society promoted by SreeChitraTirunal Institute for Medical Sciences and Technology (SCTIMST), Thiruvananthapuram,for encouraging innovation and entrepreneurship in medical technologies through technology business incubation support to innovators, start-ups and industry.
SreeChitraTirunal Institute is an Institute of ‘National Importance' created by an Act of Indian Parliameunt in 1980 and SCTIMST-TiMed is financially supported by the Department of Science & Technology (DST), Government of India and the Kerala State Industrial Development Corporation (KSIDC). Under the terms of new partnership, Shree Chitra will launch TiMeD a ‘Technology Business Incubator' with the broad objective of supporting and facilitating innovation, entrepreneurship, start-ups, new product development specifically aimed at medical devices development and biomaterials domain. TiMed will offer office and laboratory space with several common facilities like internet access, library, canteen, video-conferencing facilities for taking forward this collaboration.
According to Mr Rajiv Nath, Forum Coordinator for AIMED and a signatory to the MoU between the two bodies, "The partnership between AIMED led UdaiMed and TiMed is a milestone for industry-academia partnership in the country which will foster world class practical research in India, catalyzing Make-in-India mission, help reduce humungous import dependency in medical devices and bring down overall healthcare cost."