MEDTECH INNOVATION
Union Minister Piyush Goyal interacts with Indian diaspora in Germany, lauds contribution to 'Karmabhoomi'
Union Minister of Commerce and Industry Piyush Goyal held an insightful interaction with members of the Indian diaspora in Germany, lauding their invaluable contributions to their adopted homeland while calling upon them to actively participate in India's rapid economic growth journey.
GDHS 2026 to focus on implementing AI action
Scheduled for 20-21 November 2026, the Global Digital Health Summit will take place in New Delhi, highlighting the role of artificial intelligence in healthcare. A key feature, The CORTEX Test, will evaluate decision-making from AI, doctors, and collaborative methods.
IIT Kanpur launches $1-billion fundraising campaign
IIT Kanpur has started a significant fundraising campaign named 'Greater Than Us' to raise $1 billion by March 2029. The campaign aims to secure investments focused on Foundation, Talent, and Frontier developments at the institute. Notably, approximately Rs 4,155 crore in commitments has already been pledged. A substantial portion of the funds will enhance research infrastructure and faculty accommodations on campus.
IIT Kanpur launches $1 billion fundraising campaign
IIT Kanpur has launched the ‘Greater Than Us’ campaign aiming to raise $1 billion by March 2029. The campaign has already secured approximately Rs 4,155 crore in commitments from donors. It focuses on three pillars: Foundation, Talent, and Frontier for institutional growth. Investments will enhance research facilities, support exceptional individuals, and promote real-world applications in various technological fields.
Indian companies must invest in R&D, move from generics to innovation-led industry: Pharma leaders
Indian pharmaceutical leaders emphasize the need for investment in innovation to transition from generics to innovative products. They highlight the importance of regulatory reforms and a strong ecosystem for research and development. Industry executives mention that the next decade will be critical for this transformation and urge companies to capitalize on scientific talent. Government initiatives are acknowledged as supportive in this endeavor for global competitiveness.
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Lord’s Mark secures MHRA registration for dialysis device, plans UK expansion
Lord's Mark Industries Limited has successfully secured regulatory registration from the MHRA for its innovative haemodialysis machine, paving the way for its expansion in the UK's healthcare technology sector. With plans to commence exports in January 2027 and potentially establish its own dialysis centres, this milestone signifies a crucial step towards creating a comprehensive renal-care ecosystem, manufactured by Renalyx Health Systems Pvt. Ltd. for both institutional and home usage.
ET AI Awards 2027: 40+ categories across Innovation, Functional Excellence, Leadership and Emerging AI
The ET AI Awards 2027 return for the second edition, recognising organisations, teams, and leaders driving measurable impact through applied AI. With 40+ categories across 4 tracks, the awards cover AI Innovation, Functional Excellence, Leadership and emerging applications across startups, SMEs and enterprises, evaluated through a structured, expert-led process.
ET Product of the Year Awards 2026: Where consumer products meet real-world relevance
The Economic Times Product of the Year Awards 2026 are evolving their focus from mere launch promises to tangible post-market success. This year, the awards will highlight products excelling in consumer adoption, engagement, and performance across 17 varied categories. By emphasizing real-world impacts such as financial behaviors, tech utilities, and healthcare improvements, these awards celebrate innovations that genuinely address consumer needs and create enduring value.
Three South Indian medtech startups win HealthSprint 2026
Three innovative South Indian medtech startups, BioCipher Labs, Prodancy, and Mykare.ai, have triumphed in the HealthSprint 2026 initiative organized by Israel in collaboration with GINSERV. Their creative pitches impressed judges, earning them a unique opportunity—a fully funded week-long program in Israel. Here, they will dive into the Israeli healthcare landscape, unlocking new global market avenues. This collaboration is paving the way for advancing healthcare innovation on an international scale.
IndiGo co-founder Gangwal commits Rs 300 cr more to IIT Kanpur medical sciences school
Rakesh Gangwal has committed an additional Rs 300 crore to IIT Kanpur's medical school. This significant funding follows his previous Rs 100 crore contribution in 2022. The institute plans to establish a super-speciality hospital and a cancer research centre on campus. These facilities will foster interdisciplinary collaboration between engineers and medical professionals. The Gangwal School aims to advance medical education and healthcare innovation across India.
IndiGo co-founder Rakesh Gangwal pledges Rs 300 crore more to IIT Kanpur
IIT Kanpur alumnus and IndiGo co-founder Rakesh Gangwal has pledged an additionalRs 300 croreto the institute’s Gangwal School of Medical Sciences and Technology. Under the commitment, Gangwal will provide matching grants for contributions from other donors, up to Rs 300 crore.
The Economic Times Product of the Year Awards 2026: Enterprise, Commercial & Horizontal, 27 Categories of Product Excellence
The Economic Times Product of the Year Awards 2026 are designed to highlight products delivering sustained value and setting benchmarks across business and consumer markets. With 27 categories spanning Enterprise, Commercial, and three Horizontal awards like 'Make in India' and 'Sustainable Product', the awards recognize innovation that solves real problems and drives market evolution. These accolades celebrate products that go beyond features to earn trust and define future trends.
Capital, technology and scale: The business blueprint for India’s critical-care future
CPR co-founders Dr Satya Garimella and Krishna Kottapalli discuss the business challenges of scaling critical-care infrastructure, from capital efficiency and funding to partnerships and technology.
ET Most Innovative AI Product Awards 2026: Why healthcare has become the ultimate test for AI innovation
ET Most Innovative AI Product Awards 2026 acknowledges AI products that are altering the medical field with faster, smarter and improved diagnostics, clinical decisions and patient outcomes. The Healthcare & MedTech category gives recognition to AI-powered products, digital health platforms and enterprise AI solutions delivering measurable impact at scale, as AI innovation in India heats up.
Karnataka discusses Takeda GCC expansion, innovation partnerships
Karnataka held discussions with Takeda Pharmaceutical leaders regarding their global capability center expansion. The talks focused on digital transformation, research, and product development within the company. The government highlighted Karnataka's strong biotechnology and medtech ecosystems for collaboration. Takeda's Bengaluru center supports global data and digital operations, including AI drug discovery. Karnataka will continue supporting Takeda's growth and strengthen digital technology partnerships.
Opportunity worth $35 billion for medtech sector in India by 2030: Bain & Co
India's medtech sector presents a USD 35 billion opportunity by 2030. Exports are projected to reach USD 8 billion, growing over twenty percent annually. The nation is becoming a prominent access-led innovator in the Asia-Pacific region. This growth is driven by increasing healthcare demand and a developing innovation ecosystem. India's medical device exports reached USD 4 billion in FY25.
AI in Healthcare: Setting new benchmarks in modern medicine
AI is transforming India’s healthcare ecosystem, enabling faster diagnostics, smarter treatments, and wider access to care. The Healthcare & MedTech category recognises solutions delivering real-world impact and clinical accuracy. It celebrates innovations that are scalable, responsible, and improving patient outcomes at scale.
LTIMindtree wins $100 million deal with a European medtech firm
IT services company LTIMindtree announced a multi-year, $100 million strategic agreement with a MedTech company in Europe, a leading provider of innovative hearing solutions, to deliver product development and support across its flagship products.
Lord’s Mark industries completes first USD 1 million MedTech shipment to the US
Lord’s Mark Industries Ltd. has shipped its first USD 1 million MedTech order to the US, featuring AI-based Early Warning and Contactless Remote Patient Monitoring systems, marking India’s growing global presence in advanced healthcare innovation and export excellence.
Scheme to promote innovation in pharma, medtech sectors to be launched this month: Pharma Secretary
The government will soon launch a scheme to boost innovation in the pharmaceutical and medical technology sectors. The PRIP scheme has a financial outlay of Rs 5,000 crore. It will support research and development. The scheme aims to reduce reliance on imports. Three medical device parks are expected to be functional by early 2027.
Need to fine-tune PLI scheme, develop raw material ecosystem for medtech sector growth: Report
A CII-BCG report suggests fine-tuning the PLI scheme and developing the raw material ecosystem to boost India's medtech sector. The aim is to achieve a 10-12% share of the global market, reducing import dependency. Strategic initiatives include rationalizing import duties, attracting MNCs, and strengthening public-private collaboration for innovation.
Govt invites proposals for funding under PRIP scheme
The Department of Pharmaceuticals has invited expressions of interest from various entities for project funding under the PRIP scheme, which aims to transform India into a global R&D powerhouse in the Pharma MedTech sector. Announced on August 17, 2023, the scheme has a financial outlay of Rs 5,000 crore, with Rs 4,250 crore dedicated to R&D investments.
India poised to capture 10-12% of global MedTech market in 25 years: EY
India's MedTech sector is poised for substantial growth, projected to increase its global market share from 1.6% to 10-12% over the next 25 years. The Indian medical device market is expected to reach USD 50 billion by 2030, driven by factors like a growing elderly population, rising chronic diseases, and technological advancements.
Wipro GE Healthcare to invest Rs 8,000 crore on manufacturing, R&D in next 5 years
Wipro GE Healthcare has announced a strategic investment of over $1 billion in local manufacturing and R&D over the next 5 years. The investment aims to bolster the company's manufacturing footprint and address the growing domestic and international market, exporting products to 15 countries. The move aligns with India's position as a global MedTech innovation and manufacturing hub.
Lord’s Mark Industries to raise Rs 500 crore via IPO
The company will invest the proceeds in its subsidiaries to develop medtech products, produce innovative diagnostic solutions, expand its pathology lab pan India, and export its medical diagnostic products and machines.
Government unveils National Policy on R&D in pharma, medtech
"Today is a historic day, an inflection point in the journey of "Atmanirbharta" in the pharma and medical devices sector. We need to transform Indian pharma & medtech sectors from a cost-based to a value-based and innovation-based industry," the health minister said.
Healthcare has become more focused on innovation, tech in the last two years : Jitendra Singh
He stated that eSanjeevani, a technological innovation developed by the Ministry of Health & Family Welfare, has made it possible for thousands of individuals living in distant areas of the country to consult with doctors in big cities while relaxing in the comfort of their own homes.
Bengaluru can become innovation hub in healthcare, biotech and software like Boston: Experts
If one puts all three components of the software industry, biotechnology and healthcare together, it would be a formidable combination which is available in very few places in the world, said Devi Shetty Devi Prasad Shetty.
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