Thiruvananthapuram | A Technology Business Incubator for Medical Devices and Materials will be launched here by the city-based Sree Chitra Tirunal Institute for Medical Sciences and Technology, a premiere institute of national importance which is devoted to high quality bio medical research and developing technologies in healthcare.
Union Minister for Science and Technology and Earth Sciences Dr. Harsh Vardhan will inaugurate M S Valiathan Medical Devices Engineering Block and launch Technology Business Incubator for Medical Devices and Materials on May 16.
An official release said the main objective of the incubator named as TIMed would be to to incubate and promote startup companies which will create innovative medical devices and technology.
TIMed is open to enthusiastic entrepreneurs, scientists, students, clinicians and anyone who would like to take and entrepreneurial role in medical devices sector. It is also open to industry who wanted to launch a new product to market with the support of the incubator. Incubatees will be selected after a review of the proposed business plan.
TIMed will provide a strong mentoring in scientific, technical and business domains to its incubatees with the help of its network of mentors both from within SCTIMST and experts from other institutions and industry. TIMed will also offer much needed facilities and infrastructure including office space, laboratory modules with options of wet/dry labs, modular manufacturing units, shared clean room facility and access to resources from SCTIMST including sophisticated equipment, precision tool room facility , testing & evaluation facility, animal surgical facility, animal house, library, etc.
In order to engage with a larger number of incubatees, apart from physical incubation at TIMed, virtual incubation support will be extensively promoted to
those located anywhere in the globe.
As part of a grand vision to create a cluster of biomedical industry at Thiruvananthapuram city, successful start-ups incubated from TIMed will have an attractive option to seamlessly grow into larger enterprises by moving into the proposed medical devices park at KSID’s Life sciences park campus here.
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