Recent days Government of India giving special emphasis on med tech industry and medical implants. Face of medical industry is now changing, due to COVIDe-19 pandemic many new medical devices are in demand now. The demand for technically advanced high quality, low cost medical devices has increased. These are the favorable factors for India as the international companies are showing interest in setting up their plants in India .The Med tech industry in India is growing and it is expected that till 2025 it will be worth of US$50 billion market For the medical start- up Technology Development Board has approved financial support to Vishakhapatnam based company, M/S Orange Koi private limited aims to start the project on “Metal Injection Moulding of Implants, medical implants ,Robotic Surgical Instruments & Devices”. The potential of MIM lies in its ability to combine the design flexibility of plastic injection moulding and the versatility of unlimited choice of material offered by powder metallurgy. The company is led by Dr. Ravi Bollina (an alumnus of IIT Bombay) along with Mr.Deepak Kukreti & Mr. Sasant Nuthakki. The project was received under the Call for Proposal “Commercialization of Indigenous Technologies from Indian Start-up Companies” by TDB.
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科学的d Technology will support Start-up in Medical Implant.
The union ministry of TDB has decided to provide financial support for this start- up company for the development and commercialization of range of medical implant, robotic surgical instruments and devices using metal injection moulding (MIM) process.
In recent years, the Government of India has been playing an important role in creating an enabling environment for the development of start-up ecosystem, with greater emphasis on Med-tech start-ups and medical implant. Among other things, it has come up with the scheme for ‘Promotion of Medical Device Parks’ to help medical devices & med-tech companies with easy access to standard testing and world-class common infrastructure facilities.
The thought behind this is to encourage start up in India ,currently surgical instruments are imported and not suitable for robotic surgical instrument, young entrepreneurs will play crucial role in global change
References:https://vigyanprasar.gov.in/isw/s&t-ministry-to-support-support-startup-in-medical-implants.html
The financial support will motivate young entrepreneurs for the med tech start-up and for the development in medical implants.
