- Collaboration to foster growth and entrepreneurship in India's thriving health tech startup ecosystem
T-Hub, India's leading startup incubator, today announced a strategic partnership with Medtronic, a global leader in healthcare technology. This partnership marks a major step forward in driving innovation and growth within India's dynamic health tech startup ecosystem.
This collaboration is supported by the Medtronic Engineering & Innovation Center (MEIC) in Hyderabad. MEIC is also Medtronic's largest research and development center outside the United States. Through this partnership, MEIC will foster industry collaboration and participate in events such as CXO Roundtables and Innovation Workshops to build thought leadership in health technology R&D and dive deeper into the dynamic landscape of health technology innovation. can do. T-Hub startups also receive valuable mentorship, sponsorship, and expert guidance from MEIC to propel their ventures toward success. In addition, MEIC employees will also have the opportunity to participate in customized entrepreneurship workshops organized by T-Hub.
India's health tech sector is experiencing rapid growth, boasting over 8,000 startups valued at around $2 billion, and expanding at a staggering rate of nearly 40%.1 This sector is projected to reach $5.5 billion by 2025, and the T-Hub and Medtronic partnership is poised to further accelerate this growth trajectory.
Echoing this sentiment, T-Hub CEO Mahankali Srinivas Rao said: “Through our partnership with Medtronic, T-Hub continues our mission to incubate startups and drive innovation in health technology. Together, we will accelerate growth and support the growth of health tech startups. We are confident that we can increase our impact and pave the way to a brighter, healthier future for all.”
Commenting on the partnership, Divya Prakash Joshi, MEIC Vice President and Site Leader, said: “At Medtronic, we are deeply committed to driving innovation and improving healthcare outcomes around the world. MEIC has contributed to Hyderabad's global healthcare excellence for more than a decade, and our Our dedicated team of engineers has leveraged innovative ideas to create solutions that improve patient outcomes. Through this strategic partnership with T-Hub, we are leveraging our expertise and resources to We aim to empower health tech startups, foster a culture of innovation, and drive growth in the sector.”
MEIC currently employs more than 900 engineers and provides 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, quality and regulation. The company supports many of Medtronic's global business units. . This partnership is expected to significantly impact and advance the health technology sector, foster innovation, and contribute to the growth of healthcare technology.
About T-Hub
T-Hub (Technology Hub) is an innovation hub and ecosystem enabler. Based in Hyderabad, India, T-Hub leads India's pioneering innovation ecosystem and is the world's largest innovation campus. For six years, T-Hub has been committed to the mission of driving outcomes and collaboration for entrepreneurial success, with a framework of 6Ms (Mentoring, Markets, Motivation, Manpower, Capital, Methodology) and 2Ps (Partnerships and Policy Advisory). The focus has been on work. With an impressive track record of developing over 3,000 startups, 150 mentors, and 350 corporate partners, T-hub startups have raised an impressive $1.9 billion in investment. We have delivered over 100 innovation programs to date, impacting startups, enterprises, and other stakeholders in the innovation ecosystem.
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About Medtronic
A bold idea. A bolder move. We are Medtronic. Medtronic plc, headquartered in Dublin, Ireland, is a leading global healthcare technology company that boldly challenges humanity's toughest health problems by exploring and discovering solutions. Our mission to alleviate pain, restore health and extend lifespan unites his global team of more than 95,000 passionate people across more than 150 countries. Our technologies and therapies treat 70 health conditions and include cardiac devices, surgical robots, insulin pumps, surgical instruments, patient monitoring systems, and more. Driven by diverse knowledge, insatiable curiosity, and a desire to help everyone who needs it, we deliver innovative technology that changes lives every second, hour, and day. doing. Expect more from us for insight-driven care, people-first experiences, and a better outcome for the world. In everything we do, we are engineering something extraordinary. For more information about Medtronic (NYSE:MDT), visit www.Medtronic.com and follow Medtronic on LinkedIn.
