Industry Update – “MEDTECH QUALITY CHAMPION AWARDS”

MEDTECH QUALITY CHAMPION AWARDS is announced by Andhra Pradesh Medical Technology Zone (AMTZ) in collaboration with CII-Institute of Quality to facilitate organisations in the area of Quality, Innovation and Excellence.

The awards have four categories to encourage Quality initiatives with Med tech industries to meet the goal of achieve Atmanirbharta and achieve the goal of Government of India towards “Viksit Bharat-2047”.

About the Award

The MedTech Quality Champion Award recognizes and honors medical device organizations that demonstrate exceptional innovation, quality, and commitment to advancing healthcare through their products and services. This initiative not only aims to celebrate achievements but also to inspire a culture of excellence, driving organizations toward higher standards of quality and innovation.

Categories of Awards

The awards are divided into four categories:

  1. Micro and Small-Scale Enterprises
  2. Medium Enterprises
  3. Large-Scale Enterprises
  4. Service Sector Organizations

Eligibility Criteria

– Must be a legal entity in India with a minimum establishment of 2 years.
– Demonstrated a case study with application of Quality Tools & methodologies
– Relevant work completed within the last 2 years

Application Timelines

Last date for receipt of Application – 13th November 2024
Presentation by Companies – 19th to 21st November 2024
Award announcement – 27th November 2024

Visit www.cii-iq.in to download the application form and email to nidhi.barve@cii.in and karthik.v@amtz.in to submit your registrations

Award Presentation

Winners will be recognized at the CII Excellence Summit on 27 – 28 November 2024, attended by industry leaders and experts, fostering a spirit of collaboration and innovation in the MedTech sector.

Contact Details:

Nidhi Barve
Counsellor – Institute of Quality
nidhi.barve@cii.in
+91-9967950770

Karthik Raj V
Scientist B, AMTZ
karthik.v@amtz.in
+91-96771 63469

Source:
https://cii-iq.in/
https://www.amtz.in/

Fostering R&D and innovation in pharma and medtech sector

The pharmaceuticals and MedTech sectors in India play a pivotal role in both economic growth and public health. These industries are vital for India’s self-reliance and for meeting global demands

In order to encourage R&D in pharmaceuticals and medical technologies, and create an ecosystem for innovation in this segment, the central government has recently launched two complementary initiatives, namely, the National Policy on Research & Development and Innovation in the Pharma-MedTech Sector, and the scheme on Promotion of Research and Innovation in Pharmaceuticals and Medical Device (PRIP).

National Policy on R&D and Innovation in the Pharma Med-Tech Sector in India’ :

The objective of the scheme is to transform the Indian Pharma MedTech sector from cost-based to innovation-based growth. The policy serves as a blueprint to drive discovery and development of new drugs, vaccines, diagnostics and devices.

It encourages collaboration and aims to elevate India’s status as a global hub for cutting-edge healthcare solutions by creating a conducive ecosystem for innovation through stronger infrastructure, cross-sectoral research, enhanced public and private investments, and a streamlined regulatory framework.

Promotion of Research and Innovation in Pharmaceuticals and Medical Device (PRIP)

The PRIP scheme will provide Rs 5,000 crore over 5 years to support research and development in India’s Pharma-MedTech sector. It will create seven centres of excellence at NIPERs and fund projects in priority areas, helping established companies, expediting research projects, and aiding startups. The goal is to encourage innovation, collaboration, and growth in the sector.

The scheme has two components :

  • Component A: Focuses on improving research infrastructure by establishing seven centres of excellence (CoEs) at National Institutes of Pharmaceutical Education and Research (NIPERs). These CoEs will cover various areas such as drug discovery, medical devices, novel drug delivery systems, with an investment of Rs 700 crore.
  • Component B: Aims to fund projects in six priority areas with a budget of Rs 4,250 crore. This includes:

    • Support for established pharma companies collaborating with academic institutions.
    • Funding for 30 research projects at advanced stages (TRL 5 to TRL 9) to speed up their commercialization.
    • Support for about 125 projects to help startups and small to medium-sized enterprises in the early stages of product development (up to TRL 4).

The success of these initiatives hinges on collective efforts from government, industry, academia, and researchers, marking a decisive decade for India’s pharmaceutical and med-tech innovation.

Source:https://www.business-standard.com/

MedTech Mitra

Union Minister, Health & Family Welfare, Dr. @mansukhmandviya inaugurates “MedTech Mitra,” a groundbreaking initiative by ICMR and CDSCO, supported by NITI Aayog.

This turning point marks a landmark for India’s healthcare landscape, enabling affordable healthcare solutions for all citizens.

ICMR & CDSCO in collaboration with NITI Aayog have launched #MedTechMitra, a game-changer for India’s healthcare. Fostering innovation & strategic support for medical device and diagnostic development. It will strengthen ecosystem, with affordable solutions for all.

MedTech Mitra streamlines MedTech R&D with preclinical & clinical support, collaboration initiatives, & funding opportunities. It is a primary step towards building a robust, self-reliant ecosystem for affordable & accessible healthcare in India.

Source:https://medtechmitra.icmr.org.in/

Industry Update

Centre Notifies National Medical Device Policy 2023

The Union government on 27th April 2023 notified the National Medical Device Policy 2023, aiming to establish India as a global leader in manufacturing and innovation of medical devices by achieving a 10-12% share in the expanding global market over the next 25 years.

It outlines a regulatory mechanism, protocol for setting up standards for medical devices, price control, research and development (R&D), and a code of ethics for industry associations to ensure the ethical marketing of medical devices

According to the notification, the policy will guarantee access to patent-centric, innovative, and affordable healthcare products of exceptional quality for improved healthcare outcomes. It seeks to facilitate the growth of the medical devices sector to cater to both the Indian and global markets while promoting safety and quality. The policy provides a roadmap for the accelerated growth of the medical devices sector.

The policy plans to promote innovation and R&D, including joint R&D projects involving academic institutions and industry under the proposed ‘National Policy on R&D and Innovation in the Pharma-MedTech Sector in India’. This approach fosters collaboration between academic institutions and the medical devices industry.

Furthermore, the policy seeks to attract investments in the sector, adding to existing schemes and interventions to promote indigenous manufacturing, build competitiveness, and develop an ecosystem for manufacturing.

Source:https://www.livemint.com/

https://pharmaceuticals.gov.in/policy/national-medical-device-policy-2023

Science Festival

APIS-APCOST-DST- Science Festival (Vigyan Utsav) to be held on 21th January-2022

APIS-APCOST-DST- Science Festival (Vigyan Utsav) as a part of Celebration of 75th Year of Independence (Azadi ka Amrit Mahotsav) – 21th January-2022.

Andhra Pradesh Innovation Society to Showcase State’s Policy and Infrastructure provided to encourage Innovation, R&D and Startups is participating in the celebrations of 75 years independence through “Azadi ka Amrit Mahotsav” in partnership with Andhra Pradesh State Council of Science & Technology (APCOST) & Department of Science and Technology, Government of India.

This is an call for Startups, Innovators to attend the session.

Program Registration Link :https://forms.gle/Y2mZrnsaVQoeVnJf8

TiE Mumbai’s Healthcare Summit

IIMPACT 2021 – 16th & 17th September 2021

TiE Mumbai’s Healthcare Summit IIMPACT 2021

GLOBALLY, HEALTHCARE & HEALTHTECH has been amongst the top 5 sectors to scale successfully to unicorn status 

Healthcare companies globally have cumulatively raised over USD 10 Bn over the last decade. They represent a vast variety of companies – from regenerative medicine, drug development, online physician service, appointment booking, health insurance, wellness apps, amongst others. Healthcare superstars have emerged from pretty much across the globe such as US, China, UK, Germany, Israel, France and South Korea. 

Simultaneously, the start-up landscape in India has matured significantly as well. Several Indian start-ups across sectors have managed to scale successfully, with more start-ups joining the vaulted Unicorn club in 2020 alone. 

Indian healthcare start-ups, have now started to see the scale of success, it, has been a great year for Indian healthtech, with Pharmeasy -becoming India’s first healthtech unicorn, and Krsnaa Diagnostics – a teleradiology player, getting a successful IPO 

What does it take to build scalable healthcare innovation in India ?

 IIMPACT Health 2021 looks at this question closely by curating the best minds in global healthcare. 

We look at the core issue healthtech start-ups face – scaling successfully – and bring together Thought Leaders, VCs, successful Indian and global healthcare & healthtech entrepreneurs, to decode what it takes to build a large, successful, healthcare company in India 

To understand opportunities in Healthcare, IIMPACT 2021 is an event you cannot afford to miss!

Event Details:

Date: 16th – 17th Sept 2021

Time: 5:30 PM – 8:30 PM IST

Mode: Online (zoom)

Source –

https://hub.tie.org/e/global-shift-disruptions–age-of-unicorns–scaling-healthcare-innovation-in-india

CAHOTECH2021

6th Annual Health Technology Conference from CAHO ! Connecting Healthcare & Technology

About CAHOTECH

CAHOTECH offers a unique platform for healthcare providers to learn about disruptive technological advancements and futuristic trends. The event focuses on scalable technology solutions to make modern healthcare accessible, available, efficient and affordable to all. 

Over the years, CAHOTECH has connected hundreds of technology companies to thousands of healthcare organizations, introduced our healthcare partners to newer methods and technology to improve their quality and efficiency of care, and highlighted the best practices in making such purchases – ensuring that there is information sharing among consumers of healthcare technology in a fast-evolving market that is hard to keep track of.

Since 2020, the pandemic has transformed the event into a virtual event. We believe that such a transformation, though with its own flaws, also allows more people to attend the sessions with convenience and comfort. We are also able to get a larger base of speakers and ideas and this transformation into a virtual event is turning out to be a blessing in disguise.

2021 Edition

CAHOTECH 2021 is a 5 days virtual event, starting with the PitchFest and Hospital Innovations Showcase on 13th and 14th August respectively. The 3 days main conference sessions (brochure enclosed) will be from 3 pm to 7 pm on the following themes:

19th August: Scaling Technology Adoption

20th August: Digital Transformation in Healthcare

21st August: Interconnected Healthcare Ecosystem

Event Update at a glance :

Program Agenda

Download the full program agenda from here

Registration Details :

For delegate registration, here is the link to register –

https://www.caho.in/cahotech2021/

Already Registered Delegates Access to Conference :

CAHOTECH Conference Platform :
Delegate Access Link –
https://CAHOTECH-2021.hubilo.com/community
Please login with your registered email id.

For any login related queries, you may contact
Ms. Anitha Sudhakar @ +91 – 7904146046
Ms. Preetha Thangarajan @ +91- 7010549358

CAHOTECH Conference Platform :

Sponsors/ Exhibitors/ Partners Access Link –
https://CAHOTECH-2021.hubilo.com/community
Have to login with email ids registered with us.

For any virtual booth related queries, contact –

Mr. Prakash Sati @ 8130770805
Ms. Revathi @ 7428892074

For all latest updates about daily programs, speaker profiles, sessions etc, visit –

https://cahotech.com/day-1-scaling-technology-adoption/

https://cahotech.com/day-2-digital-transformation-in-healthcare/

https://cahotech.com/day-3-interconnected-healthcare-ecosystem/

DO REGISTER TODAY & JOIN US !

CAHOTECH 2021

CAHOTECH STARTUPS PITCHFEST Session is rolled out !

Pitchfest for HealthTech / MedTech / Digitech Startups

Last date for Application – 10th August 2021
Pitch Date : 13th August 2021

Startups to register pitches here
https://www.caho.in/cahotech2021/registration/pitchfest.php

About the Event :

CAHOTECH is the annual healthcare technology conference, engaging with stakeholders to share the concepts & ideas leading the way for early and better adoption of technology in healthcare sector

CAHOTECH is giving an opportunity to startups to showcase their Innovations to leaders in the healthcare ecosystem (comprising CxOs, Angel Investors, Incubators and other stakeholders), who will co-create the future of healthcare with Startups.

PITCHFEST Brochure

Call for Sponsorships !

CAHO is inviting Industry and Industry Stakeholders from Healthcare Sector to support and encourage the Pitchfest by Sponsoring the Pitch Fest / Booking Virtual Stalls for Pitchfest Session. This is the Call of Action given to encourage Startups in healthtech, medtech, digitaltech space in healthcare products and services sectors.

Sponsorship Brochure

More details on Sponsorship and Partner benefits are listed in the portal

https://cahotech.com/partners-sponsors/

For more details, information, contact team here :

https://www.caho.in/contact-us